Actuarial Analyst (I, II, or III)
About this role
We take great strides to ensure our employees have the resources to live well, be healthy, continue learning, develop skills, grow professionally and serve our local communities. We invite you to apply for a career with us.
Residency in or relocation to Louisiana is preferred for all positions.
Perform actuarial tasks to support department and management objectives.
- This role does not manage people
- This job reports to: Departmental Leadership
- Necessary Contacts: Underwriting, IT, Accounting, Marketing, other personnel as needed.
Position Summary
We are hiring an Actuarial Analyst to join the Actuarial Services team, and we are open to hiring at the level I, II, or III based on experience and qualifications. This role supports the organization's mission by ensuring health plan products are accurately priced, financially sustainable, and compliant with regulatory requirements. Through actuarial analysis, cross-functional collaboration, and strategic pricing support, the position helps deliver affordable, competitive healthcare solutions while maintaining the organization's financial strength and commitment to its members.
Qualifications
- All Levels: Bachelor's degree in actuarial science or related field. Four years of related experience may be used in lieu of bachelor’s degree. Excellent analytical, organizational, communication, and interpersonal skills. Strong technical writing skills preferred. Experience in actuarial uses of Excel software required and proficiency with SQL preferred.
- Actuarial Analyst I: Working knowledge of access software preferred.
- Actuarial Analyst II: 2 years of actuarial analyst experience or equivalent required. Healthcare experience preferred. Expert in actuarial uses of Excel software required.
- Actuarial Analyst III: 4 years of actuarial analyst experience or equivalent required. Health insurance experience preferred. Expert in actuarial uses of Excel software required. Mastery of one of the following is preferred: actuarial value calculations, regulatory filings, benefit pricing, reserving/valuation, trend analysis, risk share arrangements, actuarial projections or renewal rating.
- Actuarial Analyst I: Credit for 1 actuarial exam preferred.
- Actuarial Analyst II: Credit for at least 3 actuarial exams preferred.
- Actuarial Analyst III: Credit for at least 4 actuarial exams preferred.
- Maintains methods, systems, models and assumptions designed to project premium and claim amounts per member for the purpose of ensuring that budgeted pricing targets are as precise as possible.
- Maintains pricing methods, systems, models and assumptions designed to achieve targeted premium levels and ensure that a fair and appropriate premium rate is provided for each member.
- Communicates pricing changes to Underwriting, Marketing, Information Technology and Actuarial Systems departments and oversees testing of systems output to ensure that the correct price is implemented for each member and that benefit options are accurately quoted.
- Maintains methods, systems, models and assumptions used in estimating actuarial liabilities to ensure that these elements of the financial statements are as accurate as possible.
- Provides pricing support to the Marketing Development department to ensure that new products and benefits are adequately and competitively priced and that pricing is consistent with actuarial principles.
- Provides support to the Underwriting Department to promote underwriting practices that are consistent with actuarial principles.
- Prepares regulatory filings to ensure that the company is in compliance with related laws, regulations, and actuarial standards.
The Physical Demands described here are representative of those that must be met by an employee to successfully perform the Accountabilities and Essential Functions of the job. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential functions
- Perform other job-related duties as assigned, within your scope of responsibilities.
- Job duties are performed in a normal and clean office environment with normal noise levels.
- Work is predominately done while standing or sitting.
- The ability to comprehend, document, calculate, visualize, and analyze are required.
An Equal Opportunity Employer
All internal employees please apply through Workday Careers.
PLEASE USE A WEB BROWSER OTHER THAN INTERNET EXPLORER IF YOU ENCOUNTER ISSUES (CHROME, FIREFOX, SAFARI)
Additional Information
Please be sure to monitor your email frequently for communications you may receive during the recruiting process. Due to the high volume of applications we receive, only those most qualified will be contacted. To monitor the status of your application, please visit the "My Applications" section in the Candidate Home section of your Workday account.
If you are an individual with a disability and require a reasonable accommodation to complete an application, please contact recruiting@bcbsla.com for assistance.
In support of our mission to improve the health and lives of Louisianians, we encourage the good health of its employees and visitors. We want to ensure that our employees have a work environment that will optimize personal health and well-being. Due to the acknowledged hazards from exposure to environmental tobacco smoke, and in order to promote good health, our company properties are smoke and tobacco free.
We perform background and pre-employment drug screening after an offer has been extended and prior to hire for all positions. As part of this process records may be verified and information checked with agencies including but not limited to the Social Security Administration, criminal courts, federal, state, and county repositories of criminal records, Department of Motor Vehicles and credit bureaus. Pursuant with sec 1033 of the Violent Crime Control and Law Enforcement Act of 1994, individuals who have been convicted of a felony crime involving dishonesty or breach of trust are prohibited from working in the insurance industry unless they obtain written consent from their state insurance commissioner.
Additionally, we are a Drug Free Workplace. A pre-employment drug screen will be required and any offer is contingent upon satisfactory drug testing results.