Actuarial Lead
7 days ago
Blue Shield of California is seeking a highly skilled Actuarial Lead to join our team as a Sr. Principal Actuarial Analyst for the Medi-Cal program.
About the RoleThis key position requires overseeing rate development, rate analysis, Medi-Cal program analysis, experience reporting, and Medi-Cal program strategy. The successful candidate will directly manage an actuarial analyst and partner with Senior Leadership and cross-functional teams to drive successful strategy and analytics.
This role will report directly to the Senior Director of Medicare Finance & CFO Promise Health Plan. Our leadership model focuses on developing great leaders at all levels and creating opportunities for our people to grow – personally, professionally, and financially.
Your Key Responsibilities- Rate Development/Analysis; Influence & Negotiation:
- Develop, update, and evaluate all rate packages from DHCS, including development factors, trend support, actuarial assumptions, program analysis, and risks or opportunities.
- Report to the CFO of Promise Health Plan and senior executives on financial opportunities and areas of focus for performance optimization.
- Assist with and influence rate negotiation and rate guidance.
- Revenue & Cost of Healthcare Forecasting for Medi-Cal / Promise Health Plan:
- Develop, implement, manage, and own advanced analytics projects from end to end, proactively adding improvements and enhancements.
- Explain and influence the project to audiences outside the job function and to senior leaders, ensuring alignment with team goals and long-term strategic objectives.
- Conduct and develop analysis, assess risk, population risk scores, and assignment, develop pricing and trends, assess changes in benefit designs, develop reserves, perform forecasting, analyze provider reimbursement terms, and/or evaluate actuarial risk-related analysis.
- Medi-Cal Program Actuarial Support & Revenue Optimization:
- Financial and Actuarial Process Support and Talent Development:
- Medi-Cal Strategy Development & Program Planning:
- Act as the lead subject matter expert in data areas such as claim, premium, membership, and/or risk score assignment.
- Work closely with Senior Leadership at Promise Health Plan to understand strategic direction and financial strengths and opportunities.
- Partner with financial and actuarial leaders to strengthen finance and actuarial processes and build strong talent pipelines.
- Partner with CFO of Promise Health Plan on annual budget setting processes and ongoing forecasting processes.
- Evaluate and explain monthly financial variances to plan for revenue and cost of healthcare.
- Expertise within a Specialized Discipline:
The ideal candidate will have 8 years of professional health actuarial experience, a minimum of 5 years of experience in health actuarial pricing, and an ASA certification (with FSA designation preferred). They will also possess extensive knowledge of health plan operations and regulations.
What We OfferThe salary range for this role is $172,260 - $258,280 per annum, based on experience, location, and other factors. Blue Shield of California offers a comprehensive benefits package, including medical, dental, and vision insurance, 401(k) matching, and paid time off. Join our team and be part of a dynamic organization shaping the future of healthcare in California.
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