Actuarial Professional for Large Group Pricing

6 days ago


Oakland, California, United States Blue Shield of California Full time

Your Role

At Blue Shield of California, the Large Group Pricing team plays a vital role in pricing and forecasting our Large Group Health Insurance products. As an Experienced Actuarial Analyst, you will report to the Manager and apply your analytical skills to project future costs and premiums for Large Group customers.

Your Work

In this role, you will:

  • Analyze and understand core principles and functionality of decision, descriptive, predictive, and prescriptive analytic methods, including forecasting, statistical, and machine learning techniques.
  • Conduct and develop analysis to assess risk and population risk scores, assignment, develop pricing and trends, assess changes in benefit designs, develop reserves, perform forecasting, analyze provider reimbursement terms, and evaluate actuarial risk-related analysis.
  • Coordinate, prepare, perform, and audit actuarial analyses to assist in the development of complex actuarial formulations leading to recommendations on pricing, trending, reserving, provider reimbursement, and/or risk assessment strategies.
  • Utilize statistical programming languages (including R, Python, SQL, SAS) to deploy predictive analytics and machine learning techniques to improve risk prediction, reserve, trend, and financial forecasting while ensuring actuarial soundness and enabling real-time results and operational efficiencies.
  • Develop evaluation and financial reporting standards for internal and external reports.
  • Produce timely standard analytic reports for internal and external use.

Your Knowledge and Experience

To succeed in this role, you will require:

  • A bachelor's degree with at least a minor in mathematics, statistics, computer science, or equivalent business experience.
  • At least 2 years of professional actuarial experience.
  • Typically, completion of 1-2 courses towards the eventual attainment of the Associate, Society of Actuaries (ASA) designation.

Compensation

The estimated salary range for this role is $87,400 to $118,150 per year, based on experience, location, and current employee salaries for similar roles within Blue Shield of California.



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