Sr Actuarial Analyst

With more than 7,000 employees, we are the largest health insurance company in Michigan. We offer an exciting work environment with a diverse group of employees. Our goal is to make health insurance easier for our members. We want to transform the industry and become a resource that people can trust.

Detroit, MI (Hybrid)

Blue Cross Blue Shield of Michigan

When you think of <a href="https://www.bcbsm.com/" target="_blank" rel="noopener noreferrer">Blue Cross Blue Shield of Michigan</a> for health insurance, you can know you&rsquo;re getting much more. We're a company founded on a tradition of affordable, quality health care for everyone, improving the present and investing in the future.&nbsp;<br /><br />We offer:<br />Plans for employers and individuals that meet today&rsquo;s needs, budgets and lifestyle<br />The largest network of doctors and hospitals in the state<br />Lower health care costs Higher quality health care<br />Award-winning diversity practices<br />Grants and programs that promote better health throughout Michigan<br /><strong><br />Mission:&nbsp;</strong>We commit to being our members&rsquo; trusted partner by providing affordable, innovative products that improve their care and health.<br /><br /><a href="http://www.bcbsm.com/index/about-us/our-company.html" target="_blank" rel="noopener noreferrer"><strong>Click here</strong></a> to learn more about our commitment to our Social Mission, view company updates and reviews, and view our awards &amp; accolades.<br /><br />For Application Timeline &amp; Selection Process:&nbsp;<a href="https://s3.amazonaws.com/data.vizirecruiter.com/Images/BCBSMCareers+-+Quick+Reference+Guide.pdf" target="_blank" rel="noopener noreferrer">Click Here</a>. Learn more about your options as an external candidate. <a href="https://ejko.fa.us2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_3/requisitions" target="_blank" title="BCBSM" rel="noopener noreferrer">Click here</a> to view open positions. http://www.bcbsm.com

keywords: position summary,analysis,quality assurance,management,education,experience,knowledge,skills

Non-Manager

Competitive Total Compensation Package

Overview: <p><strong>Responsible for designing and performing routine and complex calculations, analysis and actuarial research used for actuarial analysis with limited direct supervisory review. Actuarial analysis can include but not limited to valuations, financial reporting and forecasting, trend analytics, and pricing.</strong></p>
Responsibilities: <ul> <li>Design and perform routine and complex actuarial analyses and calculations using knowledge and demonstrated application of actuarial methods and practices, determining priorities and procedures.&nbsp;</li> <li>Ensure completeness, accuracy and appropriateness of all insurance data used in the production of outputs; recommend improvements to data as needed.&nbsp;</li> <li>Independently identify actuarial problems and associate actions and solutions; consider internal, external and customer impacts. Independently communicate to stakeholders.&nbsp;</li> <li>Assess and implement efficiency enhancing processes where available.&nbsp;</li> <li>Respond to requests from internal departments; prioritize and review work of peers.&nbsp;</li> <li>May provide technical guidance to less experienced professionals and technicians.&nbsp;</li> <li>Remain current on actuarial techniques, seek development and improvement opportunities and understand corporate/cross-functional objectives and cultural beliefs.&nbsp;</li> </ul>
Requirements: <ul> <li>Bachelor&rsquo;s degree in actuarial science or related area.&nbsp;</li> <li>Three (3) years actuarial experience. Preference to have at least one year of BCN/BCBSM actuarial experience or comparable experience at another company.&nbsp;</li> <li>Earned at least four (4) exam components (exam, validation by educational experience, modules, final assessment) towards the attainment of the ASA designation and plans to continue making timely progress to obtain ASA credential.&nbsp;</li> <li>Knowledge of actuarial methods and practices used to perform moderately complex actuarial analyses and calculations.&nbsp;</li> <li>Strong analytical and critical thinking skills.&nbsp;</li> <li>Can effectively use email and verbal communication, and can create exhibits and sections of presentations, memos or other reports explaining complicated issues to actuarial and non-actuarial audiences.&nbsp;</li> <li>Ability to apply appropriate planning and prioritization techniques for own work and collaborative work with others.&nbsp;</li> <li>Other related skills and/or abilities may be required to perform this job.</li> </ul>