Blue Cross Blue Shield of Massachusetts

Actuarial Analyst I

Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Math, Business, Healthcare, or related field preferred
  • Minimum of 1 completed actuarial exam
  • 0-2 years of experience in healthcare or related industry
  • 0-2 years' experience in data analysis using tools like SAS, SQL, R, or Python
  • Experience developing data visualization in tools such as Tableau preferred

Responsibilities

  • Analyze rich datasets to identify emerging healthcare cost drivers
  • Design visualizations and build models to influence new healthcare products
  • Lead or assist in developing recommendations for various departments
  • Assist in process development for financial performance evaluation
  • Participate in defining objectives for significant projects

Benefits

  • Participation in a comprehensive rotational development program
  • Opportunity to enhance technical skills in Python and Tableau
  • Access to leadership development training and career planning tools
  • Robust support network for exam preparation in the Actuarial Leadership Development Program
  • Comprehensive benefits package including paid time off and insurance options
Full Job Description
What we need:

Blue Cross Blue Shield of Massachusetts (BCBSMA) seeks an Actuarial Analyst to join the Actuarial Leadership Development program. ALDP Participants focus on informing corporate strategy in critical areas including competitiveness, affordability, profitability, provider payment reform and health care policy.

This role is eligible for our Flex Persona. For candidates local to our Boston, MA and Hingham MA offices.

Your Day to Day

Work with a rich dataset and a robust well-established Enterprise Data Warehouse to identify emerging drivers of health care trend and cost, market pressures, and profitability Design compelling visualizations and build innovative models to influence and analyze new products, provider payment structures, and health care delivery mechanisms that will lower cost and improve the quality of care provided to our members Lead and/or assist the development of recommendations to various departments and business partners Lead and/or assist in development of processes/analyses to determine financial performance or evaluate cost/benefit, working to ensure consistent representation across the entire business Participate in determining objectives of significant projects or assignments

This document is not an exhaustive list of all responsibilities, skills, duties, requirements, or working conditions associated with the job. Employees may be required to perform other job-related duties.

We're Looking for:

  • Bachelor's degree required. Math, Business, Healthcare or related field strongly preferred
  • A minimum of 1 completed actuarial exam required
  • 0-2 years of experience preferably in healthcare or related industry
  • 0-2 years' experience in data analysis/extraction/manipulation using tools like SAS, SQL, R, Python, etc.
  • 0-2 years' experience developing data visualization in tools such as Tableau and analytic automation (scripting, macros) strongly preferred


What You Bring:

  • Ability to communicate (written & verbal) and collaborate with various business partners, including clinical and technical and non-technical staff required
  • Proven ability to constantly innovate
  • Commitment to participate in the Actuarial Leadership Development Program and obtain FSA designation


What You'll Gain:

  • Experience as an actuarial analyst through participation in our rotational development program, designed to ensure all program members are exposed to a wide range of actuarial positions
  • The ability to enhance technical skills such as Python and Tableau through offerings in collaboration with our Data & Analytics community
  • A robust support network through the Actuarial Leadership Development Program - exam support through both study time and study materials, access to career planning tools, leadership development training, and more!


Minimum Education Requirements:

High school degree or equivalent required unless otherwise noted above

Location
BostonTime Type
Full time

Salary Range: $85,000.00 - $116,000.00

The job posting range is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability.

This job is also eligible for variable pay.

We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

About Blue Cross Blue Shield of Massachusetts

Blue Cross Blue Shield of Massachusetts (BCBSMA) is a state licensed private health insurance company under the Blue Cross Blue Shield Association with headquarters in Boston. It is the largest health plan in Massachusetts, serving 2.8 million members. BCBSMA is committed to providing access to high-quality, affordable health care to help improve the health and well-being of its members and the communities it serves.
Learn more about Blue Cross Blue Shield of Massachusetts
Size
3,700 employees
Industry
Founded
1937

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