About Blue Cross and Blue Shield of Minnesota

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. As a Blue Cross associate, you are joining a culture that is built on values of succeeding together, finding a better way, and doing the right thing. If you are ready to make a difference, join us.

The Impact You Will Have

Blue Cross and Blue Shield of Minnesota is hiring an Actuary to support actuarial reserving and forecasting. This role is at the intersection of traditional actuarial practice and modern predictive analytics. In this role, the candidate will expand their knowledge of Blue Cross's reserving practices and loss analytics methodologies, gain insight into key challenges and opportunities within our actuarial and reserving functions, and apply advanced industry techniques to evaluate healthcare claim liabilities. The position also includes responsibilities related to predictive modeling, supporting the development and enhancement of models that inform reserving, forecasting, and broader actuarial decision-making. This role contributes directly to the accuracy, transparency, and innovation of Blue Cross's financial insights, while offering exposure to emerging tools and collaboration with external partners to shape the future of actuarial analytics.

The ideal candidate has at least five years of IBNR actuary experience, an ASA designation, and a strong background in statistical analysis work. This role requires healthcare industry experience, particularly working with medical and claims data, along with hands-on expertise in advanced programming and analytics, including SQL, R, SAS, and at least two years of advanced Python development. Experience creating clear, impactful reporting using Power BI or similar visualization tools is essential, has strong communication skills and proficiency in Microsoft Excel, Word, and PowerPoint.

Your Responsibilities

Research, analyze and interpret actuarial and statistical data and provide technical assistance to other departments. This includes identifying issues to be researched, determining affected areas, estimating the impact and leading the resolution.

Develop mathematical models in connection with other departments to predict impact of proposed changes. May also be involved in the design of these models.

Understand/interpret the financial impact of decisions made by retrieving and analyzing claim costs, revenue and/or other relevant data. Participate in the design and implementation of new products and system enhancements by providing data and recommendations to assist in evaluating the impact of the proposed benefit, system or process changes.

Responsible for divisional representation on corporate projects and may have leadership roles on these teams. Independently manage, which may include directing other staff, the retrieval and analysis of data on multiple tasks or projects with little or no management involvement.

Act as a resource for other members of the department/division on business issues and may be responsible for training and guidance of Actuarial support personnel or Analysts. Makes satisfactory progress according to the Actuarial Student Program guidelines.

Other specific accountabilities as assigned by management.

Required Skills and Experience

5+ years of related professional experience. All relevant experience including work, education, transferable skills, and military experience will be considered.

ASA or above.

Strong oral and written communication skills.

Excellent PC skills. Knowledge of data retrieval languages.

Knowledge of BCBSMs databases or industry knowledge.

High school diploma (or equivalency) and legal authorization to work in the U.S.

Preferred Skills and Experience

Bachelor's degree.

FSA strongly preferred.

MAAA strongly preferred.

Proven experience building predictive models using Python.

Demonstrated ability to effectively present IBNR findings and insights to executive leadership.

Strong data science and programming background with at least 2 years of hands-on advanced programming with Python.

Experience in healthcare, including managing substantial IBNR across various segments.

Healthcare industry experience, particularly working with medical and claims data.

Strong desire to learn.

Role Designation

Hybrid

Anchored in Connection

Our hybrid approach is designed to balance flexibility with meaningful in-person connection and collaboration. We come together in the office two days each week - most teams designate at least one anchor day to ensure team interaction. These in-person moments foster relationships, creativity, and alignment. The rest of the week you are empowered to work remote.

Compensation and Benefits

$102,400.00 - $138,300.00 - $174,200.00 Annual

Pay is based on several factors which vary based on position, including skills, ability, and knowledge the selected individual is bringing to the specific job.

We offer a comprehensive benefits package which may include:

Medical, dental, and vision insurance
Life insurance
401k
Paid Time Off (PTO)
Volunteer Paid Time Off (VPTO)
And more

To discover more about what we have to offer, please review our benefits page.

Equal Employment Opportunity Statement

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. Blue Cross of Minnesota is an Equal Opportunity Employer and maintains an Affirmative Action plan, as required by Minnesota law applicable to state contractors. All qualified applications will receive consideration for employment without regard to, and will not be discriminated against based on any legally protected characteristic.

Individuals with a disability who need a reasonable accommodation in order to apply, please contact us at: talent.acquisition@bluecrossmn.com.

Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.

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