Director Actuary

Blue Cross and Blue Shield of Kansas has a new leadership opportunity on our Actuary team for a Director Actuary. This position will lead and provide strategic oversight to the Pricing, Forecasting & Reserving, and Data, Analytics & Reporting teams, ensuring the development of actuarial models and methodologies that support the company’s financial stability, growth, and risk management objectives. This role is responsible for driving the execution of pricing strategies, reserving practices, and financial forecasting. The Director will collaborate closely across all of Finance and with departments across the entire organization to provide actionable insights and recommendations that guide corporate decision-making. The position ensures actuarial processes are efficient, scalable, and continuously improved through data-driven innovation and technology.

“This position is eligible to work remotely (8 or less days a month onsite) or hybrid (9 or more days a month onsite) in accordance with our Telecommuting Policy. Applicants must reside in Kansas or Missouri or be willing to relocate as a condition of employment.”

• Family Comes First: Total rewards package that promotes the idea of family first for all employees; including paid time off and family first leave.
• Professional Growth Opportunities: Advance your career with ongoing training and development programs both through our internal Blue University and external opportunities.
• Trust: Work for one of the most trusted companies in Kansas.
• Inclusive Work Environment: We pride ourselves on fostering a diverse and inclusive workplace where everyone is valued and respected.
• Lead and Inspire: Guide and mentor your team to achieve their full potential and success.

• Lead and provide strategic oversight to the Pricing, Forecasting & Reserving, and Data, Analytics & Reporting teams, ensuring alignment with corporate financial goals and risk management strategies.
• Oversee the development and refinement of actuarial models, driving improvements in pricing, reserving, and forecasting accuracy.
• Ensure timely completion of rate filings, financial reports, and regulatory submissions, maintaining compliance with relevant laws and regulations.
• Collaborate across Finance and the entire organization to align actuarial insights with enterprise-wide strategic goals.
• Drive the adoption of data-driven innovation, identifying opportunities to enhance actuarial processes through automation and advanced analytics.
• Develop monitoring systems to evaluate the performance of actuarial models, guiding team actions as necessary to meet financial targets.
• Provide leadership in professional development, ensuring that the actuarial teams remain skilled in industry best practices and are compliant with continuing education requirements.
• Serve as a key advisor to executive leadership, providing actionable insights into risk management, financial stability, and long-term planning.

• Bachelor's degree in mathematics, Actuarial Science, or a related field required.
• Associateship or Fellowship designation in the Society of Actuaries (SOA) and membership in the American Academy of Actuaries (AAA) required.
• Minimum of 10 years of actuarial experience in pricing, reserving, or forecasting, with at least 3 years in a leadership or management role.
• Extensive experience with actuarial models, financial forecasting, and compliance with state and federal regulations.
• Experience working with cross-functional teams and collaborating on strategic corporate initiatives.
• Ability to work in an office environment and use standard office equipment.
• Occasional travel may be required for meetings, training, or client engagements.
• Advanced knowledge of actuarial principles, pricing models, reserving techniques, and forecasting methodologies within the health insurance industry.
• Strong understanding of regulatory requirements related to actuarial filings, including GAAP and statutory accounting standards.
• Proven ability to lead cross-functional initiatives and collaborate with Finance and other departments across the enterprise to drive business objectives.
• Expertise in applying data analytics, statistical modeling, and predictive techniques to improve accuracy and efficiency in actuarial processes.
• Strong leadership and team management skills, with a focus on coaching, development, and fostering a high-performing team.
• Excellent communication skills to convey complex actuarial concepts to non-technical stakeholders and senior leadership.
• Ability to strategically evaluate and implement process improvements that enhance operational efficiency and decision-making capabilities.

• Base pay is only one component of your competitive Total Rewards package:
  • Incentive pay program (EPIP)
  • Health/Vision/Dental insurance
  • 6 weeks paid parental leave for new mothers and fathers
  • Fertility/Adoption assistance
  • 2 weeks paid caregiver leave
  • 5% 401(k) plan matching
  • Tuition reimbursement
  • Health & fitness benefits, discounts and resources