What are the responsibilities and job description for the Actuarial Analyst position at Blue Cross of Idaho?
This role will use actuarial models to ensure Blue Cross of Idaho meets profitability and membership goals. Perform experience analysis for blocks of business and establishing financial projections. The role would be doing commercial pricing, which could include Small/Mid/Large fully insured groups, Self Insured, and Ancillary (Dental and Vision).
This Actuarial Analyst position will report to the Manager Actuarial services and interacts with various Blue Cross of Idaho departments.
We're looking for an Actuarial Analyst with:
Actuarial Analyst I:
Education: Bachelor’s Degree; or equivalent work experience (Two years’ relevant work experience is equivalent to one-year college)
Licenses/Certifications: Must be pursuing designation of ASA in the Society of Actuaries with a minimum completion of one exam.
Actuarial Analyst II:
Experience: 2 years’ relevant experience
Education: Bachelor’s Degree; or equivalent work experience (Two years’ relevant work experience is equivalent to one-year college)
Licenses/Certifications: Must be pursuing designation of ASA in the Society of Actuaries with a minimum completion of three exams
Your day may look like:
- Set claim liabilities.
- Develop rates and rate factors.
- Perform experience analysis.
- Establish financial projections.
- Analyze claim costs and premium factors.
- Evaluate potential savings from claim reduction initiatives.
- Monitor and measures actual results.
- Perform corporate reserving and forecasting
- Develop new perspectives and approaches to problems.
- Provide measurable input into new products, processes, standards and/or operational plans that will have some impact on the achievement of overall function results
As of the date of this posting, a good faith estimate of the current pay range is $64,893 to $114,518. The position is eligible for an annual incentive bonus (variable depending on company and employee performance.
The pay range for this position takes into account a wide range of factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, shift, travel requirements, internal equity, geography, business or organizational needs, and alignment with market data. At Blue Cross of Idaho, it is not typical for an individual to be hired at or near the top range for the position. Compensation decisions are dependent on factors and circumstances at the time of offer.
We offer a robust package of benefits including paid time off, paid holidays, community service and self-care days, medical/dental/vision/pharmacy insurance, 401(k) matching and non-contributory plan, life insurance, short and long term disability, education reimbursement, employee assistance plan (EAP), adoption assistance program and paid family leave program.
We will adhere to all relevant state and local laws concerning employee leave benefits, in line with our plans and policies.
Reasonable accommodations
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
Salary : $64,893 - $114,518
