Sr. Manager, Actuary

BlueShield Of California - Oakland, CA

Full-time - Mid Level

Oakland, CA

About the position

The Senior Manager, Actuary for ASO and Specialty at Blue Shield of California is responsible for overseeing the UDS discount submission, financial modeling, and pricing for Dental, Vision, and Life Insurance products. This role emphasizes leadership development, creative problem-solving, and continuous learning within a high-performing team environment.

Responsibilities

• Manage the UDS discount submission, ensuring accurate data submission and driving improvements.
• Oversee the financial performance of Specialty product lines and ensure timely rate filings to regulatory agencies.
• Assess financial risks of unique funding arrangements in the self-funded market and provide insights for value delivery.
• Ensure timely and accurate delivery of all work products associated with job responsibilities.
• Develop and manage experience tracking reports, comparing to Plan, and sharing insights with management.
• Lead special projects, committees, and task forces as needed.
• Manage gross margin projections and conduct variance analysis for Specialty and ASO lines of business.
• Advise Senior Leadership on the financial performance of Specialty products and competitive discount strategies.

Requirements

• Bachelor's degree in actuarial science, mathematics, statistics, computer science, or equivalent experience.
• At least 7 years of relevant experience, including 2 years in a management role.
• Associate of Society of Actuaries required; Fellow of Society of Actuaries preferred.
• Advanced knowledge in financial analysis, risk management, and business acumen.
• Strong communication skills to convey complex technical subjects to non-technical audiences.
• Proficient in project and team management, problem-solving, and critical thinking.

Nice-to-haves

• Prior experience in Network or ASO is highly desired.