Your Role
The Actuarial Pricing team is responsible for forecasting costs and revenues to ensure the financial stability of the company. The Actuarial Analyst, Experienced will report to the Actuarial Analyst, Principle. In this role you will provide Actuarial support for the CalPERS PPO product. This role will include elements of all the major actuarial disciplines, including forecasting, pricing, cost of healthcare analysis, and reserve setting.
Your Work
In this role, you will:
- Understand the core principles and functionality of decision, descriptive, predictive and prescriptive analytic methods including forecasting, statistical and machine learning techniques
- Conduct and develop analysis, assess risk and population risk scores and assignment, develop pricing and trends, assess changes in benefit designs, develop reserves, perform forecasting, analyze provider reimbursement terms and/or evaluates actuarial risk related analysis
- Coordinate, prepare, perform and audit actuarial analyses to assist in the development of complex actuarial formulations leading to the recommendation of pricing, trending, reserving, provider reimbursement and/or risk assessment strategies
- Perform data exploration using a combination of statistical programming languages (including, but not limited R, Python, SQL, SAS) and deploy predictive analytics and machine learning techniques to improve risk prediction, improve reserve, trend and financial forecasting in a manner that is actuarially sound, and enable real-time results and operational efficiencies
- Direct, coordinate, and/or develop evaluation and financial reporting standards for internal and external reports
Your Knowledge and Experience
- Requires a bachelor’s degree with at least a minor in mathematics, statistics, computer science or equivalent business experience
- Requires at least 2 years of professional actuarial experience
- Requires completion of at least 3 actuarial exams
Pay Range:
The pay range for this role is: $ 79750.00 to $ 111650.00 for California.
Note:
Please note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate's experience, location (California, Bay area, or outside California), and current employee salaries for similar roles.
