Resp & Qualifications

PURPOSE:
The Actuarial Analyst II will perform individual project tasks as requested, execute calculations of moderate complexity, and understand concepts of actuarial analysis that are of varying complexity. The incumbent is responsible for utilizing various sources to procure data and then turning that data into meaningful information, as well as fulfilling ad hoc requests.

ESSENTIAL FUNCTIONS:

Reviews and organizes actuarial and operational data for use in a variety of actuarial analyses that may include Medicaid rate review, financial forecasts, trend analysis, provider contract analysis, IBNR analysis, etc. May utilize statistical tools to monitor and provide ongoing analysis, May assist in the preparation of complex reports and/or actuarial models. Documents data sources, assumptions, and methods. Follows standard operating procedures (SOPs) where applicable. Updates SOPs as needed.
Prepares accurate and timely reports as assigned. These reports may be related to internal analysis or may be external in nature (statutory and regulatory).
Participates and works collaboratively in a variety of special studies and ad hoc analyses in support of departmental business and/or clinical objectives.
Makes recommendations based on actuarial assumptions and methodologies
Present analyses and recommendations in a polished and professional manner to internal and/or external customers.
Researches and resolves data integrity issues. Partners with other team members to solve problems.
Makes progress toward ASA/FSA designation with the Society of Actuaries by passing SOA exams, completing modules, and/or obtaining validation by educational experience (VEE) credits.

SUPERVISORY RESPONSIBILITY:
Position does not have direct reports but is expected to assist in guiding and mentoring less experienced staff. May lead a team of matrixed resources.

QUALIFICATIONS:

Education Level: Bachelor's Degree in Mathematics, Finance, Actuarial Science or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.

Experience: 3 years health insurance actuarial experience.

Preferred Qualifications:

Passage of 2 exams
Medicaid experience

Knowledge, Skills and Abilities (KSAs)

Knowledge of calculus, statistics, probability to determine likelihood of certain events.
Ability to use models and tables to evaluate large data sets.
Strong understanding of business and financial concepts.
Excellent communication skills both written and verbal.
Highly analytical and a general understanding of health insurance products and markets.

Salary Range: $67,176 - $133,419

Salary Range Disclaimer

The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilites of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).

Department

Actuarial Member Analytics and

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Where To Apply

Please visit our website to apply: www.carefirst.com/careers

Federal Disc/Physical Demand

Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.

PHYSICAL DEMANDS:

The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.

Sponsorship in US

Must be eligible to work in the U.S. without Sponsorship.

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