This role will use actuarial models to ensure Blue Cross of Idaho meets profitability and membership goals by setting claim liabilities, developing rates and rate factors. Perform experience analysis for blocks of business, and establishing financial projections.
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
Actuarial Analyst III:Experience: 4 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 five or more exams
- 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.
Your day may look like:- 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 for a level I $60,048 - $92,894, level II is $78,064 - $117,095, level III is $86,650 - $129,974. 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, travel requirements, internal equity, 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.
Applicants must be legally authorized to work in the United States at the time of application and throughout employment. The company does not provide employment-based visa sponsorship for this position
Reasonable accommodationsTo 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.
