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Horizon Blue Cross Blue Shield of New Jersey

Horizon Blue Cross Blue Shield of New Jersey

Actuarial Analyst I

Actuarial Analyst I

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Job Details
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Uploaded On
March 6, 2024
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Location
Newark, NJ - Hybrid
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Remote?
No
Salary
$
68
k-$
92
k
Glassdoor Ratings
""
Recommend to a Friend
50%
""
Overall Score
3.3 / 5

Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware

Job Summary:

This is a Junior analyst position within the Actuarial department. This area evaluates Initiatives to assess impact to Horizon. The incumbent will evaluate vendor proposals and programs to support HNS vendor strategy, in addition to support Medical Policy and the Reimbursement Policy Committee regarding financial impacts of policy changes. Develop mathematical modeling techniques and statistical concepts to determine probability and assess risks.

Responsibilities:

Disclaimer:
This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.

Education/Experience:

  • Requires a bachelor’s degree, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university
  • Requires 0 to 2 years of actuarial and/or statistics experience.

Additional licensing, certifications, registrations:

  • ASA candidate a plus.


Knowledge/Skills:

  • Requires working knowledge of Excel.
  • Prefers working knowledge of Access or other database application.
  • Prefers experience with SAS or other programming language
  • Prefers knowledge of data analysis and Actuarial principles
  • Requires good oral and written communication skills
  • Requires strong analytical thinking
  • Requires strong mathematical skill and statistical analysis abilities.
  •  Requires good judgment and problem-solving skills.

Salary Range:

$68,500 - $91,665

​This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity.  This range has been created in good faith based on information known to Horizon at the time of posting.  Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:

  • Comprehensive health benefits (Medical/Dental/Vision)

  • Retirement Plans

  • Generous PTO

  • Incentive Plans

  • Wellness Programs

  • Paid Volunteer Time Off

  • Tuition Reimbursement

Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law.  Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.

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Working at 

Horizon Blue Cross Blue Shield of New Jersey

Horizon Blue Cross Blue Shield of New Jersey, a leading health insurance provider, has been at the forefront of serving the health needs of New Jersey residents for over 90 years. As a not-for-profit health service corporation, Horizon BCBSNJ is committed to delivering quality health care products, services, and information. Their dedication to improving health outcomes, combined with a deep understanding of the local community, offers actuaries a unique opportunity to work on impactful projects, drive health innovations, and contribute to a healthier New Jersey.