Job Description

Awarded the Best Place to Work 2021, Blue Cross Blue Shield of Arizona helps to fulfill its mission of improving the quality of life of Arizonans by delivering a variety of health insurance products and services to meet the diverse needs of individuals, families, and small and large businesses as well as providing information and tools to help individuals make better health decisions.

This remote work opportunity requires residency, and work to be performed, within the State of Arizona.

Blue Cross Blue Shield of Arizona (BCBSAZ) is now hiring a full-time Actuarial Analyst to work on-site/remote within the state of Arizona. This position will perform advanced analytics to facilitate fact-based decisions about financial results, strategic planning, and corporate financial health.  

 

Our ideal candidate has advanced skills in mathematics and statistics and is proficient with data warehouse query tools and programming..  

 

What to Expect 

 

As you work to help us improve the quality of life for Arizonans, expect to thrive in an energetic, diverse environment, championed by an organization consistently named a Best Places to Work and Most Admired Company in Arizona.  

Inspiring Health in Arizona Starts with You 

 

Our benefits support work-life balance and the flexibility you need to be your best. 

 

They include: 

  • Eleven (11) paid holidays, including two floating holidays you can use any time you wish 

  • Accrued paid time off (up to 16 days per calendar year) 

  • Comprehensive medical, dental, and vision coverage 

  • 401K up to 5% dollar-per-dollar match 

  • Up to 12% annual bonus based on corporate goals and individual performance 

  • Wellness programs and gym reimbursements 

  • Eight (8) paid volunteer hours to serve your community 

  • Tuition reimbursement for you; scholarship opportunities for your children 

  • Employee discounts, gym reimbursement, and wellness programs 

 

To thrive in this job, you must be able to: 

  • Apply analytics knowledge to generate reports, actuarial analyses, and mathematical models. 

  • Deal with ambiguity and make recommendations with incomplete/conflicting information in a timely manner. 

  • Independently solve problems and draw accurate conclusions from limited data. 

  • Effectively use written and oral communication skills to influence stakeholders across all levels and departments of the organization. 

  • Translate technical information into everyday language that a non-technical audience could understand. 

  • Build working relationships that promote trust and collaboration, while maintaining confidentiality and privacy. 

 

We are looking for someone who can: 

  • Complete financial forecasting to evaluate and ensure corporate financial health. 

  • Analyze and monitor monthly financial results, sources of gain, and plan variances. 

  • Create monthly claims liability estimates for all business segments, for review and certification by Chief Actuary 

  • Analyze internal/external issues affecting claims payments/processing and initiate analyses on additional items with focus on establishing adequate claims reserve level. 

  • Work on regulatory filings including quarter and annual health statement filings and medical loss ratio reporting. 

  • Determine the necessity and amount of a premium deficiency reserve based on projects of future revenue and benefits to ensure solvency requirements are met. 

 

Qualifications 

  • Bachelor’s degree in actuarial science, business, mathematics, statistics, or related field of study 

  • Two (2) years of experience in the actuarial world or relevant work 

  • Five (5) years of experience working for a healthcare organization/health insurer (preferred) 

  • Membership in the American Academy of Actuaries and/or Society of Actuaries (preferred) 

 

Why Join Blue Cross Blue Shield of Arizona? 

?

At BCBSAZ, your pursuit of balance, happiness, and fulfillment is supported through our Workability model, a future-focused workforce strategy that encourages you to perform your job wherever you work best. Whether fully remote, always in the office, or somewhere in between, you decide which arrangement best supports your work style and season of life. 

Our Commitment

BCBSAZ does not discriminate in hiring or employment on the basis of race, ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected group.

Thank you for your interest in Blue Cross Blue Shield of Arizona.  For more information on our company, see azblue.com.  If interested in this position, please apply.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

Apply Online