Blue Cross Blue Shield of North Carolina

Senior Actuarial Analyst - Medical Economics

US-Anywhere
+ 26 other locationsRemote
Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or advanced degree (as required)
  • 4+ years of relevant actuarial experience
  • Completion of 5+ exams towards ASA designation
  • Consideration for relevant experience in lieu of lack of exams
  • Potential for additional relevant experience to qualify for ASA attainment

Responsibilities

  • Develop reporting structure and analytic strategy for market teams
  • Enhance actuarial models to support the rating process
  • Distribute reports and respond to inquiries about trends
  • Develop BI content through full life-cycle for informed business decisions
  • Share expertise to explain enterprise data and BI tools
  • Manage or contribute to projects of moderate/high complexity
  • Participate actively in the Actuarial Development Program

Benefits

  • Opportunity to work at the cutting edge of health care delivery
  • Flexible work-life balance with autonomy
  • Comprehensive medical, dental, and vision coverage
  • Support for parental leave and adoption assistance
  • Career development programs and tuition reimbursement
  • 401k match with annual company contribution
Full Job Description

Job Description

Blue Cross NC is seeking a Senior Actuarial Analyst to join our Medical Economics Enablement team. In this role, you will apply actuarial expertise and advanced analytical skills to transform complex healthcare data into actionable insights that improve affordability, support strategic decision-making, and drive business performance. Working closely with actuarial, business, and technology partners, you will develop scalable analytic solutions, identify cost drivers and trends, and deliver data-driven recommendations that support enterprise priorities. The ideal candidate combines strong actuarial knowledge with technical proficiency in data analysis, programming, and healthcare analytics.

What You’ll Do

  • Develops reporting structure, toolset and analytic strategy to support market and domain teams as well as pricing for programs and products.

  • Supports the rating process by determining the need for and building actuarial model enhancements. 

  • Distributes established reports and responds to inquiries. Supports the investigation of trends and anomalies.

  • Coordinate and independently develop BI content (reports, dashboards, scorecards, more complex analytic solutions) through the entire development life-cycle to provide data necessary to effectively make business decisions and measure goal attainment and overall performance.

  • Share expertise with business areas to assist in understanding enterprise data content, definitions and usage and the available BI tools. Maintains robust knowledge of data assets and tools and supports development/maintenance of a formal Knowledge Base.

  • Plans, implements, manages and/or contributes to projects that are moderate/high complexity.

  • Is a participant in good standing in the Actuarial Development Program

What You Bring

  • Bachelor's degree or advanced degree (where required)

  • 4+ years of experience in relevant actuarial experience. Related experience may be considered.

  • Must have completed 5 or more exams towards the eventual attainment of the ASA designation.

  • In lieu of meeting minimum exam requirements, may consider additional relevant experience.

  • In lieu of meeting minimum experience requirement, may consider ASA or more exams towards the eventual attainment of ASA.

Bonus Points

  • Commercial and Medicare Healthcare knowledge – Highly Preferred

  • Experience with risk modeling/normalization, outlier analysis and benchmarking

  • Experience with Business Intelligence (BI) software – preferably Power BI

  • Experience with MS suite and Power tools (Power Automate, etc.) – nice to have

  • Experience with AI development tools - especially Copilot and Cortex Code - highly preferred

  • SQL (required) - especially the Snowflake environment, Python/R, automation/workflow software like Alteryx (nice to have)

  • Strong communication/storytelling abilities

What You’ll Get

  • The opportunity to work at thecutting edgeof health care delivery with a teamthatdeeply invested in the community.

  • Work-life balance, flexibility, and the autonomy to dogreat work

  • Medical, dental, and vision coverage along withnumeroushealth and wellness programs.

  • Parental leave and support plus adoption and surrogacyassistance

  • Career development programs and tuition reimbursement for continued education

  • 401k match including an annual company contribution

WhereYouWork

Our Hybrid Flex approach is builton presencewith a purpose giving you flexibility to work remotely with intentional in-person connection that supports a workplacethatflexible, connected, and future focused.

In a Hybrid-Flex role,youwork in the office at least two days a week for collaboration and connection. In a Remote Flex role,youwork virtually, with a few in-office visits each year formeaningfulmoments that matter.

Whether your role is Hybrid Flex or Remote Flex depends on the nature of the work and distance from our Durham headquarters. We welcome candidates from outside the local area and in anystateslistedonthis job posting. Onsite expectations will be discussed during the interview process.

Salary Range

At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs.Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.

*Based on annual corporate goal achievement and individual performance.

$98,092.00 - $156,947.00

Skills

Business Intelligence (BI), Business Intelligence Development, Data Analysis, Data Analytics, Data Governance, Data Modeling, Data Science, Data Visualization, Data Warehousing (DW), Microsoft Power Business Intelligence (BI)

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About Blue Cross Blue Shield of North Carolina

Blue Cross Blue Shield of North Carolina (BCBSNC) is a non-profit health insurance company based in Durham, North Carolina. The company provides health insurance to more than 3.7 million customers in North Carolina. BCBSNC offers a variety of health insurance plans, including individual and family plans, Medicare Advantage plans, and employer-sponsored plans. The company also offers wellness programs and resources to help customers manage their health. BCBSNC was founded in 1933 and has since grown to become one of the largest health insurance providers in North Carolina.
Learn more about Blue Cross Blue Shield of North Carolina
Size
5,000 employees
Industry

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