Actuarial Analyst, Experienced

$79,750 - $111,650/Yr

California Physicians' Service - Oakland, CA

Full-time - Mid Level

Hybrid - Oakland, CA

Insurance Carriers and Related Activities

About the position

The Actuarial Analyst, Experienced will be part of the Actuarial Pricing team at Blue Shield of California, responsible for forecasting costs and revenues to ensure the financial stability of the company. This role involves providing actuarial support for Specialty product lines, including Dental, Vision, and Life, and encompasses various actuarial disciplines such as forecasting, pricing, and claim analysis.

Responsibilities

• Understand core principles and functionality of decision, descriptive, predictive, and prescriptive analytic methods including forecasting and statistical techniques.
• Conduct and develop analysis, assess risk and population risk scores, develop pricing and trends, assess changes in benefit designs, develop reserves, perform forecasting, and analyze provider reimbursement terms.
• Coordinate, prepare, perform, and audit actuarial analyses to assist in the development of complex actuarial formulations leading to recommendations on pricing, trending, reserving, and risk assessment strategies.
• Perform data exploration using statistical programming languages (R, Python, SQL, SAS) and deploy predictive analytics and machine learning techniques to improve risk prediction and financial forecasting.
• Direct, coordinate, and develop evaluation and financial reporting standards for internal and external reports.

Requirements

• Bachelor's degree with a minor in mathematics, statistics, computer science, or equivalent business experience.
• At least 2 years of professional actuarial experience.
• Completion of at least 3 actuarial exams.

Nice-to-haves

• Experience with machine learning techniques.
• Familiarity with healthcare actuarial practices.

Benefits

• Dental insurance
• Work from home options