Actuarial Analyst I (Remote)

Summary

CareFirst BlueCross BlueShield is seeking an Actuarial Analyst I to support actuarial analyses through data collection, calculations, reporting, and modeling. The role prepares reports, contributes to special studies and ad hoc analyses, provides recommendations, resolves data integrity issues, and progresses toward ASA/FSA designation.

Responsibilities

• Reviews and organizes actuarial and operational data for use in a variety of actuarial analyses that may include rate filings, financial forecasts, IBNR analysis, trend analysis, provider contract analysis, etc. May utilize statistical tools to monitor and provide ongoing analysis. Prepares moderately complex reports and/or actuarial models . Documents data sources, assumptions, and methods. Updates SOPs as needed
• Prepares accurate and timely reports as assigned. These reports may be related to internal analysis or may be external in nature (statutory and regulatory)
• Participates and works collaboratively in a variety of special studies and ad hoc analyses in support of departmental business and/or clinical objectives
• Makes recommendations based on actuarial assumptions and methodologies. Presents analyses and recommendations in a polished and professional manner to internal and/or external customers. Researches and resolves data integrity issues. Partners with other team members to solve problems
• Makes progress toward ASA/FSA designation with the Society of Actuaries by passing SOA exams, completing modules, and/or obtaining validation by educational experience (VEE) credits

Skills

• Education Level: Bachelor's Degree in Mathematics, Finance, Actuarial Science or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience
• Knowledge of calculus, statistics, probability to determine likelihood of certain events
• Ability to use models and tables to evaluate large data sets
• Strong understanding of business and financial concepts
• Excellent communication skills both written and verbal
• Fast learner and proactive problem solver. Creativity is desirable
• Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence. Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging
• The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted
• Must be eligible to work in the U.S. without Sponsorship
• 0-2 actuarial exams passed, 0-2 years of health actuarial experience

Qualifications

Must Haves

• Education Level: Bachelor's Degree in Mathematics, Finance, Actuarial Science or related field OR in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience
• Knowledge of calculus, statistics, probability to determine likelihood of certain events
• Ability to use models and tables to evaluate large data sets
• Strong understanding of business and financial concepts
• Excellent communication skills both written and verbal
• Fast learner and proactive problem solver. Creativity is desirable
• Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence. Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging
• The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted
• Must be eligible to work in the U.S. without Sponsorship

Nice to Haves

• 0-2 actuarial exams passed, 0-2 years of health actuarial experience

Benefits

• CareFirst offers a comprehensive benefits package.
• Various incentive programs/plans, subject to eligibility requirements.
• 401k contribution programs/plans, subject to eligibility requirements.
• Remote work arrangement