Actuarial Analyst

About Blue Cross

Blue Cross and Blue Shield of Minnesota is one of the most recognized and trusted health care brands in the world with 2.5 million members. We're committed to reinventing health care to improve health for our members and the community. We hope you'll join us.

How Is This Role Important to Our Work?

The Actuarial Analyst on the Medicaid team uses technical skills and health insurance knowledge to help support business needs. This is achieved through the analysis and summarization of data to support recommendations and present results related to Medicaid products. This role requires collaboration within the actuarial team and other internal stakeholders to make financial projections, analyze actuarial soundness of capitation rates, collect financial data and assist with financial reporting, and support the development of the dual-eligible Medicare bid. A Day in the Life:

Performs analyses related to capitation rate development, including development of negotiations materials.Performs ad hoc analyses as needed related to hot topics in the healthcare industry to understand impact to Medicaid lines of business.Participates in external meetings with the state Medicaid agency and consultants.Supports development of forecasting materials for Medicaid lines of business.Assists in preparation of quarterly financial statements for internal and external stakeholders.Collaborates with Medicaid and actuarial teams to support development and improvement of models and processes.Presents results of analyses to internal stakeholders.Documentation of methods, procedures, and results.May represent the department/division on corporate projects.Make satisfactory exam progress according to the Actuarial Student Program guidelines.Other specific accountabilities as assigned by management.Nice to Have: Bachelor's degree in actuarial science, statistics, or related area of study.Previous experience with Medicaid products, including forecasting, financial statements, and capitation rate development or analysis.Previous experience with Medicare products, including CMS bid development, forecasting, and knowledge of dual eligible products.Healthcare industry knowledge.Excel proficiency.Knowledge of SAS or SQL software.Required Skills and Experiences:At least one actuarial exam passed.Basic problem solving and analytical skills.Good oral and written communication skills.Strong PC skills.Works independently.Make A Difference

Blue Cross is an Equal Opportunity and Affirmative Action employer that values diversity. All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on race, color, creed, religion, sex, national origin, genetic information, marital status, status with regard to public assistance, disability, age, veteran status, sexual orientation, gender identity, gender expression, or any other legally protected characteristic.

Reasonable Accommodation for Job Seekers with a Disability: If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to

All roles require a high school diploma (or equivalency) and legal authorization to work in the U.S.

Blue Cross and Blue Shield of Minnesota and Blue Plus are nonprofit independent licensees of the Blue Cross and Blue Shield Association.

---