What are the responsibilities and job description for the Actuarial Analyst / Actuary II (Hybrid) position at Blue Cross Blue Shield of AZ?
Awarded a Healthiest Employer, Blue Cross Blue Shield of Arizona aims to fulfill its mission to inspire health and make it easy. AZ Blue offers a variety of health insurance products and services to meet the diverse needs of individuals, families, and small and large businesses as well as providing information and tools to help individuals make better health decisions.
At AZ Blue, we have a hybrid workforce strategy, called Workability, that offers flexibility with how and where employees work. Our positions are classified as hybrid, onsite or remote. While the majority of our employees are hybrid, the following classifications drive our current minimum onsite requirements:
Hybrid People Leaders: must reside in AZ, required to be onsite at least once per week
Hybrid Individual Contributors: must reside in AZ, unless otherwise cited within this posting, required to be onsite at least once per month
Onsite: daily onsite requirement based on the essential functions of the job
Remote: not held to onsite requirements, however, leadership can request presence onsite for business reasons including but not limited to staff meetings, one-on-ones, training, and team building
Please note that onsite requirements may change in the future, based on business need, and job responsibilities. Most employees should expect onsite requirements and at a minimum of once per month.
This position is hybrid within the state of AZ only. This hybrid work opportunity requires residency, and work to be performed, within the State of Arizona.
Purpose of the job
Performs advanced analytics to facilitate fact-based decision-making regarding strategic planning, market positioning, and corporate and segment financial performance.
REQUIRED QUALIFICATIONS
Required Work Experience
- For grade level 27, no experience is required
- For grade levels 28 and higher, 2 years of experience in an actuarial field, or relevant work experience
Required Education
- Bachelor's Degree in business, mathematics, statistics, or related field of study (Applies to All Levels)
Required Licenses
- N/A
Required Certifications
- N/A
PREFERRED QUALIFICATIONS
Preferred Work Experience- 5 years of experience working for a healthcare organization / health insurer (Applies to All Levels)
- 5 years of experience in an actuarial field (Applies to All Levels)
- Bachelor’s Degree in business, mathematics, statistics, or related field of study (Applies to All Levels)
- N/A
Preferred Certifications
- Associate, Society of Actuaries (ASA) (Applies to All Levels)
- Member of the American Academy of Actuaries (MAAA) (Applies to All Levels)
ESSENTIAL job functions AND RESPONSIBILITIES
Actuarial Analyst I-III / Associate Actuary I-III / Actuary II-III
- Under general supervision, track, organize, and clarify deliverables demonstrating accountability and flexibility to business needs and situations.
- With support, understand that general business skills drive actuarial and business success.
- Under general supervision, prepare reporting and insights (in email, Excel, Word, or PowerPoint) to support actionable recommendations.
- With support, practice effective business and actuarial communication in written, oral, and presentation formats.
- Under general supervision, generate, enhance, and maintain analysis and models in Excel and SAS.
- With support, apply actuarial exam and syllabus information to business contexts.
- Under general supervision, summarize complex models and formulas for actuarial and non-actuarial audiences internal to BCBS Arizona.
- With support, understand the actuarial role within a health insurance carrier including regulatory and professional considerations.
- Under general supervision, access, manipulate, prepare, and summarize data from internal data warehouses using SAS and/or SQL.
- With support, understand that the business benefits from mastering established processes and methods as well as developing innovative and creative solutions.
- Under general supervision, develop, enhance, and maintain documentation for all work products whether technical or business oriented.
- With support, understand that collaboration with peers and partners using emotional intelligence drives business outcomes.
Lead Actuarial Analyst I-II / Lead associate Actuary I-II / Lead actuary I-II
- Perform all functions and responsibilities above with less supervision and support, mentor peers as appropriate in those functions and responsibilities.
- Under limited supervision, collaborate with direct manager on tying specific deliverables to overall business initiatives.
- With support, identify and connect with key stakeholders in other departments and earn their trust with clear communication and actionable analysis that anticipates and addresses questions and concerns.
- Under limited supervision, pursue internal and external opportunities to deepen specific subject matter expertise; propose new methods and articulate the benefits to the business.
- With support, understand and interpret complex and often ambiguous government regulations for the practice area and correctly apply them. Demonstrate a complete and thorough understanding of the subject matter. Keep current with the technical developments in the field of expertise. Distill practice area knowledge into clear and useful advice to clients.
- Under limited supervision, enhance models to account for internally and externally driven risks and document assumptions and sensitivities appropriately.
- With support, calculate risk in complex, ambiguous or risky situations and understand the trade-offs. Produce financial analyses that take into consideration the distribution of risks appropriately associated with the current financial engagement. Understand and manage new risks as technology and marketplace change.
- Under limited supervision, validate information to industry and other external sources; review prior decision effectiveness; communicate variances and causes.
- With support, take ownership for work; recommend and defend decisions to manager and department leadership; recommend, defend, and explain decision-making process to team and leadership.
- Under limited supervision, increase peer collaboration and begin informal mentorship of team members.
- With support, reach out to build network and partnerships, both internally and externally; work collaboratively with actuaries and non-actuaries to solve business problems; develop collaborative relationships with targeted stakeholders and peers.
Senior Actuarial Analyst I-IV / Senior Associate Actuary I-V / Senior Actuary I-V
- Perform all functions and responsibilities above with less supervision and support.
- Maintain effective relationships outside of department, bridge internal staff; manage relationships with corporate leadership and department brand; demonstrate high impact written communication, tailored to the appropriate audience and exhibiting emotional intelligence; produce effective and persuasive written communication with all levels.
- Continuously comply with company and professional standards; maintain training and professional development; speak up when indicated by training and ethics.
- Practice continual learning of both actuarial and business skills; maintain appropriate credentials/professional standards; operate within scope of expertise.
- Ensure actuarial best practices are applied within team and represented across company; share expertise on impacts of current and forthcoming external changes with internal stakeholders; ensure actuarial best practices are applied within team and represented across company.
- Be a trusted advisor.
- Actively strategize which deliverables and responsibilities to pursue long term; actively strategize how to maximize performance while accommodating competing internal priorities; actively drive change and/or change adoption to fit long term strategic goals.
- Continually refresh peer network over the course of a career; develop future actuaries with broad skill sets; connect mentees with opportunities; refresh mentee network over the course of a career.
- Actively propose and pursue business enhancements based on accumulated expertise. Plan and lead complex projects from inception to completion. Includes working independently on creating timelines, working with other areas to define deliverables, monitoring progress, implementing the project and resolving/monitoring post-implementation issues.
- Acknowledge and address challenges and difficulties by communicating issues in a timely manner and quickly iterating solutions.
- Drive coaching plan; evaluate how best to set an example for peers; frequently reevaluate long-term career goals and interests; seek formal and informal management training opportunities.
ALL LEVELS
- Express a positive attitude and accept constructive feedback.
- Approach coaching sessions with a positive and collaborative attitude.
- The position requires a full-time work schedule. Full-time is defined as working at least 40 hours per week, plus any additional hours as requested or as needed to meet business requirements.
- Perform all other duties as assigned.
REQUIRED COMPETENCIES
Required Job Skills (Applies to All Levels)- Advanced skills in mathematics and statistics.
Required Job Skills (Applies to Grade Levels 28 and above)
- Intermediate to advanced proficiency in spreadsheet, word processing and presentation software.
- Intermediate to advanced proficiency in data warehouse querying tools and programming.
Required Professional Competencies (Applies to All Levels)
- Ability to maintain confidentiality and privacy
- Ability to communicate effectively, both orally and in writing, to all levels in all departments.
- Ability to summarize technical information to a non-technical audience.
- Ability to build and maintain productive working relationships with others.
Required Leadership Experience and Competencies (Applies to All Levels)
- N/A
PREFERRED COMPETENCIES
Preferred Job Skills (Applies to All Levels)- Advanced proficiency in spreadsheet, word processing and presentation software.
- Advanced proficiency with data warehouses and query tools / design.
Preferred Professional Competencies (Applies to All Levels)
- Project management skills needed to create timelines, track deliverables and progress, resolve issues, and communicate project status
Preferred Leadership Experience and Competencies (Applies to All Levels)
- N/A
Our Commitment
AZ Blue does not discriminate in hiring or employment on the basis of race, ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected group.
Thank you for your interest in Blue Cross Blue Shield of Arizona. For more information on our company, see azblue.com. If interested in this position, please apply.
