Actuarial Analyst III
Horizon Blue Cross Blue Shield of New Jersey empowers our members to achieve their best health. For over 90 years, we have been New Jersey's health solutions leader driving innovations that improve health care quality, affordability, and member experience. Our members are our neighbors, our friends, and our families. It is this understanding that drives us to better serve and care for the 3.5 million people who place their trust in us. We pride ourselves on our best-in-class employees and strive to maintain an innovative and inclusive environment that allows them to thrive. When our employees bring their best and succeed, the Company succeeds.
This is the senior level analyst position within the Actuarial Trend team. Design and perform analytical studies related to Trend Analysis, Prescription Drugs Analysis and Forecast.
Responsibilities:
Design, perform or support trend analysis and forecast.
Design, perform or support actuarial pricing and activities related to annual fillings
Collect and analyze data to use for financial and utilization analysis, reporting, and monitoring (including IBNR).
Partner with internal and external customers to develop creative solutions and strategies, uncover opportunities and minimize risks
Provide insight to emerging cost trend, population risk, and variances to expected results
Support corporate strategies and business plan development for membership growth & financial strength
Lead meetings with business partners providing transparency in and an understanding of the actuarial analyses and results
Lead, manage, develop and train less-experienced staff
Education/Experience:
Requires a Bachelor's degree, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university, or equivalent work experience.
Requires 4+ years of actuarial and/or statistics experience and attainment of Associate level in the Society of Actuaries (ASA).
Additional licensing, certifications, registrations:
ASA Certification required.
Knowledge:
Requires expert knowledge of Excel.
Prefers working knowledge of Access or other database application.
Prefers experience with SAS or other programming language.
Requires knowledge of data analysis and Actuarial principles.
Skills and Abilities:
Requires good oral and written communication skills.
Requires strong analytical thinking.
Requires strong mathematical skill and statistical analysis abilities.
Requires good judgment and problem-solving skills.
Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware
Salary Range:
$101,300 - $138,390
This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:
Comprehensive health benefits (Medical/Dental/Vision)
Retirement Plans
Generous PTO
Incentive Plans
Wellness Programs
Paid Volunteer Time Off
Tuition Reimbursement
Disclaimer:
This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.
Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.
Apply Now
This is the senior level analyst position within the Actuarial Trend team. Design and perform analytical studies related to Trend Analysis, Prescription Drugs Analysis and Forecast.
Responsibilities:
Design, perform or support trend analysis and forecast.
Design, perform or support actuarial pricing and activities related to annual fillings
Collect and analyze data to use for financial and utilization analysis, reporting, and monitoring (including IBNR).
Partner with internal and external customers to develop creative solutions and strategies, uncover opportunities and minimize risks
Provide insight to emerging cost trend, population risk, and variances to expected results
Support corporate strategies and business plan development for membership growth & financial strength
Lead meetings with business partners providing transparency in and an understanding of the actuarial analyses and results
Lead, manage, develop and train less-experienced staff
Education/Experience:
Requires a Bachelor's degree, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university, or equivalent work experience.
Requires 4+ years of actuarial and/or statistics experience and attainment of Associate level in the Society of Actuaries (ASA).
Additional licensing, certifications, registrations:
ASA Certification required.
Knowledge:
Requires expert knowledge of Excel.
Prefers working knowledge of Access or other database application.
Prefers experience with SAS or other programming language.
Requires knowledge of data analysis and Actuarial principles.
Skills and Abilities:
Requires good oral and written communication skills.
Requires strong analytical thinking.
Requires strong mathematical skill and statistical analysis abilities.
Requires good judgment and problem-solving skills.
Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware
Salary Range:
$101,300 - $138,390
This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:
Comprehensive health benefits (Medical/Dental/Vision)
Retirement Plans
Generous PTO
Incentive Plans
Wellness Programs
Paid Volunteer Time Off
Tuition Reimbursement
Disclaimer:
This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.
Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.
Apply Now