Job Description
Awarded a Healthiest Employer, Blue Cross Blue Shield of Arizona aims to fulfill its mission to inspire health and make it easy. AZ Blue offers a variety of health insurance products and services to meet the diverse needs of individuals, families, and small and large businesses as well as providing information and tools to help individuals make better health decisions.
At AZ Blue, we have a hybrid workforce strategy, called Workability, that offers flexibility with how and where employees work. Our positions are classified as hybrid, onsite or remote. While the majority of our employees are hybrid, the following classifications drive our current minimum onsite requirements:
Hybrid People Leaders: must reside in AZ, required to be onsite at least twice per week
Hybrid Individual Contributors: must reside in AZ, unless otherwise cited within this posting, required to be onsite at least once per week
Hybrid 2 (Operational Roles such as but not limited to: Customer Service, Claims Processors, and Correspondence positions): must reside in AZ, unless otherwise cited within this posting, required to be onsite at least once per month
Onsite: daily onsite requirement based on the essential functions of the job
Remote: not held to onsite requirements, however, leadership can request presence onsite for business reasons including but not limited to staff meetings, one-on-ones, training, and team building
Please note that onsite requirements may change in the future, based on business need, and job responsibilities. Most employees should expect onsite requirements and at a minimum of once per week.
This remote work opportunity requires residency, and work to be performed, within the State of Arizona.
PURPOSE OF THE JOB
Performs actuarial and advanced analytical work to support product pricing, benefit development, rate filings, forecasting, and other business decisions. Translates data into actionable insights that support financial performance, regulatory compliance, and affordable coverage for members.
REQUIRED QUALIFICATIONS
Required Work Experience
No experience is required
Required Education
Bachelor's Degree in actuarial science, business, mathematics, statistics, economics or related field of study
Required Licenses
N/A
Required Certifications
N/A
PREFERRED QUALIFICATIONS
Preferred Work Experience
5 years of experience working for a healthcare organization / health insurer (Applies to All Levels)
5 years of experience in an actuarial field (Applies to All Levels)
Preferred Education
Bachelor’s Degree in business, mathematics, statistics, or related field of study (Applies to All Levels)
Preferred Licenses
N/A
Preferred Certifications
Associate, Society of Actuaries (ASA) (Applies to All Levels)
Member of the American Academy of Actuaries (MAAA) (Applies to All Levels)
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES
ACTUARIAL ANALYST I / Associate Actuary I
Under general supervision, determine adequate and competitive premium levels for Individual, Commercial and Government products
Under general supervision, prepare and submit rate filings to Federal and State authorities
Under general supervision, analyze benefit changes, prepare competitive analysis and summarize results
Under general supervision, complete financial forecast scenario modeling to evaluate and ensure profitable business segments
Under general supervision, prepare impact analysis for benefit changes, develop pricing factors to ensure adequate premium coverage for each product line
Develop sensitivity testing analysis and summarize results to management
Display knowledge of Individual, Commercial and Government products, pricing, and forecasting
Display initiative in research beyond the specific assignment
Meaningfully contribute to the area’s workload, considering volume and complexity
ALL LEVELS
Each progressive level includes the ability to perform the essential functions of any lower levels and train employees in those levels.
The position requires a full-time work schedule. Full-time is defined as working at least 40 hours per week, plus any additional hours as requested or as needed to meet business requirements.
Perform all other duties as assigned
REQUIRED COMPETENCIES
Required Job Skills
(Applies to All Levels)
Advanced skill in mathematics and statistics
Required Professional Competencies
(Applies to All Levels)
Analytical knowledge necessary to generate reports, actuarial analyses, and mathematical models based on available data and then make sound decisions based on reported data
Ability to solve problems independently and draw accurate conclusions from limited data using basic mathematical modeling and actuarial techniques.
Ability to deal with ambiguity and make recommendations with less than complete or conflicting information while maintaining appropriate time management.
Ability to maintain confidentiality and privacy
Ability to communicate effectively, both orally and in writing, to all levels in all departments.
Ability to summarize technical information to a non-technical audience.
Ability to build and maintain productive working relationships with others.
Required Leadership Experience and Competencies
N/A
PREFERRED COMPETENCIES
Preferred Job Skills
N/A
Preferred Professional Competencies
N/A
Preferred Leadership Experience and Competencies
N/A
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Our Commitment
AZ Blue does not discriminate in hiring or employment on the basis of race, ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected group.
Thank you for your interest in Blue Cross Blue Shield of Arizona. For more information on our company, see azblue.com. If interested in this position, please apply.
Job Tags
Full time, Work experience placement, Remote work, 1 day per week