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

Awarded a Healthiest Employer, Blue Cross Blue Shield of Arizona aims to fulfill its mission to inspire health and make it easy.AZ Blue offersa 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.

ACTUARIAL ANALYST I-III / ASSOCIATE ACTUARY I-III

• Under general supervision, determine adequate and competitive premium levels for Individual, Commercial and Government products
• Under general supervision, prepare and submit rate filings to Federal and State authorities
• Under general supervision, analyze benefit changes, prepare competitive analysis and summarize results
• Under general supervision, complete financial forecast scenario modeling to evaluate and ensure profitable business segments
• Under general supervision, 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
• Meaningfully contribute to the area's workload, considering volume and complexity

LEAD ACTUARIAL ANALYST I-II / LEAD ASSOCIATE ACTUARY I-II

• 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
• Display initiative in research beyond the specific assignment
• Communicate (both verbally and in writing) and interprets results, recommendations and abstract concepts to internal and external customers. Anticipate and address possible customer questions and concerns.
• Prepare, submit and or present recommendations to the Actuarial department's management team on financial analysis.
• Pursue expansion of current knowledge and skills.
• Meaningfully contribute to the area's workload, considering volume and complexity.
• Train other analysts and provide peer review.

SENIOR ACTUARIAL ANALYST I-IV / SENIOR ASSOCIATE ACTUARY I-IV

• Report to a manager who provides minimal supervisory instructions, limited project management, and minimal or limited review of results, beyond pre-release peer review.
• Along with research, create analyses and recommendations that will allow BCBSAZ to meet its goals
• Plan and lead complex projects from inception to completion. Includes working independently on creating timelines, working with other areas to define deliverables, monitoring progress, implementing the project and resolving/monitoring post-implementation issues.
• Communicate (both verbally and in writing) and interprets results, recommendations and abstract concepts to internal and external customers. Anticipate and addresses possible customer questions and concerns.
• Incorporate strategic planning in all areas of responsibility.
• Train and mentor other analysts and provide peer review.

ALL LEVELS

• Each progressive level includes the ability to perform the essential functions of any lower levels and train employees in those levels.
• The position requires a full-time work schedule. Full-time is defined as working at least 40 hours per week, plus any additional hours as requested or as needed to meet business requirements.
• Perform all other duties as assigned

REQUIRED COMPETENCIES

Required Job Skills (Applies to All Levels)

• Advanced skill in mathematics and statistics

Required Job Skills

• Intermediate to advanced proficiency in spreadsheet, word processing and presentation software
• Basic proficiency in data warehouse querying tools, and programming.

Required Professional Competencies (Applies to All Levels)

• Analytical knowledge necessary to generate reports, actuarial analyses, and mathematical models based on available data and then make sound decisions based on reported data
• Ability to solve problems independently and draw accurate conclusions from limited data using basic mathematical modeling and actuarial techniques.
• Ability to deal with ambiguity and make recommendations with less than complete or conflicting information while maintaining appropriate time management.
• Ability to maintain confidentiality and privacy
• Ability to communicate effectively, both orally and in writing, to all levels in all departments.
• Ability to summarize technical information to a non-technical audience.
• Ability to build and maintain productive working relationships with others.

Required Leadership Experience and Competencies

• N/A

PREFERRED COMPETENCIES

Preferred Job Skills

• Advanced proficiency in spreadsheet, word processing and presentation software
• Intermediate proficiency with data warehouses and query tools / design

Preferred Professional Competencies

• Project management skill needed to create timelines, track deliverables and task progress, resolve issues, and communicate project status

Preferred Leadership Experience and Competencies

• N/A

Our Commitment

AZ Blue does not discriminate in hiring or employment on the basis of race, ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected group.

Thank you for your interest in Blue Cross Blue Shield of Arizona. For more information on our company, see azblue.com. If interested in this position, please apply.