Actuarial Analyst I - III

Aceco Precision Manufacturing - Meridian, ID

Full-time - Entry Level

Meridian, ID

Fabricated Metal Product Manufacturing

About the position

The Actuarial Analyst I - III position at Blue Cross of Idaho involves utilizing actuarial models to support the company's profitability and membership objectives. The role includes performing experience analysis, establishing financial projections, and assisting with the annual Medicare bid process. Analysts will develop reserves for various Medicare products and create ad hoc reports for government entities, ensuring compliance and accuracy in financial reporting.

Responsibilities

• Set claim liabilities.
• Develop rates and rate factors.
• Perform experience analysis.
• Establish financial projections.
• Analyze claim costs and premium factors.
• Evaluate potential savings from claim reduction initiatives.
• Monitor and measure actual results.
• Perform corporate reserving and forecasting.
• Develop new perspectives and approaches to problems.
• Provide measurable input into new products, processes, standards and/or operational plans that will impact overall function results.

Requirements

• Bachelor's Degree or equivalent work experience (Two years' relevant work experience is equivalent to one-year college).
• Must be pursuing designation of ASA in the Society of Actuaries with a minimum completion of one exam (for Actuarial Analyst I).
• 2 years' relevant experience (for Actuarial Analyst II).
• Must be pursuing designation of ASA in the Society of Actuaries with a minimum completion of three exams (for Actuarial Analyst II).
• 4 years' relevant experience (for Actuarial Analyst III).
• Must be pursuing designation of ASA in the Society of Actuaries with a minimum completion of five or more exams (for Actuarial Analyst III).