Actuarial Analyst, Forecasting and Reserves (Hybrid)

Blue Cross Blue Shield of Arizona
United States, Arizona, Phoenix
2444 W Las Palmaritas Dr (Show on map)
Mar 07, 2025
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. PURPOSE OF THE JOB Provide advanced technical analysis and professional guidance on behalf of the Actuarial Department QUALIFICATIONS REQUIRED QUALIFICATIONS Required Work Experience 5+ years of experience in an actuarial field Required Education Bachelor's Degree in business, mathematics, statistics, or related field of study Required Licenses N/A Required Certifications N/A PREFERRED QUALIFICATIONS Preferred Work Experience 5+ years of experience working for a healthcare organization / health insurer 5+ years of experience in an actuarial or healthcare economics field Preferred Education Master's Degree in business, mathematics, statistics, or related field of study Preferred Licenses N/A Preferred Certifications Associate, Society of Actuaries (ASA) and Member of the American Academy of Actuaries (MAAA) ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES Report to a director or manager who provides minimal supervisory instructions, limited project management, and minimal or limited review of results, beyond pre-release peer review. Works with internal departments to 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. COMPETENCIES REQUIRED COMPETENCIES Required Job Skills Intermediate to advanced proficiency in spreadsheet, database, presentation, and word processing software Basic proficiency in data warehouse querying tools Advanced skill in mathematics and statistics Ability to communicate effectively, both orally and in writing, to all levels in all departments. Required Professional Competencies Broad understanding of health insurance terms and concepts; knowledge of benefit design and pricing/rating Analytical knowledge necessary to generate reports, actuarial analyses, and mathematical models based on available data and ability to 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 summarize technical information to a non-technical audience. Ability to build and maintain productive working relationships with others. Project management skill needed to create timelines, track deliverables and progress, resolve issues, and communicate project status Intermediate knowledge in common healthcare actuarial principles, including: Rate development for group and individual lines of business and submission via SERFF Trend analysis and projections IBNR development Forecasting principles Financial reporting Familiarity with Affordable Care Act and ensuing regulations Required Leadership Experience and Competencies N/A PREFERRED COMPETENCIES Preferred Job Skills Knowledge of advanced actuarial principles such as Monte Carlo simulation and Time Series analysis Preferred Professional Competencies Advanced knowledge of at least 3 of the following healthcare actuarial principles: Rate development for group and individual lines of business Rate filing preparation and submission via SERFF IBNR development Forecasting principles Financial reporting Familiarity with Affordable Care Act and ensuing regulations Trend analysis and projections Preferred Leadership Experience and Competencies Ability to lead a team of individuals from either the same or different work units to complete a project 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.