Sr Actuarial Analyst III, Pricing and Rate Filings (Hybrid)

Blue Cross Blue Shield • Phoenix, AZ

315d • Onsite

About The Position

Awarded a Healthiest Employer, Blue Cross Blue Shield of Arizona aims to fulfill its mission to inspire health and make it easy. AZ Blue offers a variety of health insurance products and services to meet the diverse needs of individuals, families, and small and large businesses as well as providing information and tools to help individuals make better health decisions. At AZ Blue, we have a hybrid workforce strategy, called Workability, that offers flexibility with how and where employees work. Our positions are classified as hybrid, onsite or remote. While the majority of our employees are hybrid, the following classifications drive our current minimum onsite requirements: Hybrid People Leaders: must reside in AZ, required to be onsite at least once per week Hybrid Individual Contributors: must reside in AZ, unless otherwise cited within this posting, required to be onsite at least once per month Onsite: daily onsite requirement based on the essential functions of the job Remote: not held to onsite requirements, however, leadership can request presence onsite for business reasons including but not limited to staff meetings, one-on-ones, training, and team building. Please note that onsite requirements may change in the future, based on business need, and job responsibilities. Most employees should expect onsite requirements and at a minimum of once per month. This position is hybrid within the state of AZ only. This hybrid work opportunity requires residency, and work to be performed, within the State of Arizona.

Requirements

• 2 years of experience in an actuarial field, or relevant work experience.
• Bachelor's Degree in actuarial science, business, mathematics, statistics, economics or related field of study.

Nice To Haves

• 5 years of experience working for a healthcare organization / health insurer.
• 5 years of experience in an actuarial field.
• Bachelor's Degree in business, mathematics, statistics, or related field of study.
• Associate, Society of Actuaries (ASA).
• Member of the American Academy of Actuaries (MAAA).

Responsibilities

• Perform advanced analytics to facilitate fact-based decision-making regarding price development of products and various benefit options to ensure attainment of profit targets.
• Determine adequate and competitive premium levels for Individual, Commercial and Government products.
• Prepare and submit rate filings to Federal and State authorities.
• Analyze benefit changes, prepare competitive analysis and summarize results.
• Complete financial forecast scenario modeling to evaluate and ensure profitable business segments.
• Prepare impact analysis for benefit changes, develop pricing factors to ensure adequate premium coverage for each product line.
• Develop sensitivity testing analysis and summarize results to management.
• Display knowledge of Individual, Commercial and Government products, pricing, and forecasting.
• Display initiative in research beyond the specific assignment.
• Manage workload with minimal supervisory instructions, limited project management assistance, and limited review of results, beyond pre-release peer review.
• Provide support to business partners (general managers) in pricing, product and market analysis with minimal supervision.
• Communicate (both verbally and in writing) and interprets results, recommendations and abstract concepts to internal and external customers.
• Prepare, submit and or present recommendations to the Actuarial department's management team on financial analysis.
• Plan and lead complex projects from inception to completion.
• Train and mentor other analysts and provide peer review.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree