What are the responsibilities and job description for the Actuarial Analyst position at Blue Cross Blue Shield of Alabama?
The Actuarial Department is part of the Finance Division. Actuarial responsibilities include developing the company's financial forecasts, enrollment reports, and rating guidelines. The department estimates claim costs and the financial impact of business decisions. It also estimates financial reserves and provides pricing support to the Underwriting Department. It undertakes research in support of product development, coverage for new business and changes in benefits and/or rates for existing customers. It has the lead role in filing required financial documentation for new and existing products with the Alabama Department of Insurance. It also is involved with reporting to other entities and regulatory authorities, including CMS, HHS, NAIC, and BCA.
The Actuarial Analyst assists management by performing assigned actuarial work within the department. The incumbent summarizes masses of data into concise and meaningful reports, as well as reconciles results of analysis with other available data. These reports support the department's research and analysis including trend analysis, pricing, reserving, and forecasting.
- Bachelor's Degree in Mathematics, Statistics, Economics, Finance, Actuarial Science, or a related field
- Successful completion of at least 1 exam as administered by the Society of Actuaries (not including any modules completed)
- Experience using Microsoft Word and Excel
- Organizational and time management skills to work independently and manage multiple priorities effectively
- Excellent analytical and problem solving skills
- Strong attention to detail
- Excellent interpersonal skills to interact and build professional relationships with all levels of staff
- Good oral and written communication skills
- Familiar with applicable guidance as promulgated by the Society of Actuaries (SOA), American Academy of Actuaries (AAA), National Association of Insurance Commissioners (NAIC), Department of Insurance (DOI), Centers for Medicare and Medicaid Services (CMS), U.S. Department of Health and Human Services (HHS), etc. preferred
- Experience with ACA Risk Adjustment analysis and processes preferred
- Experience using Dataiku or similar machine learning tools preferred
- Experience using Microsoft PowerPoint preferred
- Experience using Structured Query Language (SQL), R, Python, or similar programming languages preferred
- Experience using Tableau, Power BI, or similar data visualization tools preferred
Willing to fill at a higher level based on experience.
The work location for this position will be hybrid (onsite/remote).
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Blue Cross and Blue Shield of Alabama is an independent licensee of the Blue Cross and Blue Shield Association