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Actuarial Analyst III

Horizon Blue Cross Blue Shield of New JerseyNewark, United States4mo ago
Stop LossHealth OtherPricing & RatingReserving & ValuationUW Support & Portfolio Management

Role Summary

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HIGHLIGHTS

Senior health actuarial analyst supporting Stop Loss and level-funded groups in Newark, NJ. Responsible for pricing, underwriting support, reserving (including IBNR) and forecasting, plus development of pricing models and rate filing support. Requires ~4+ years actuarial/statistics experience and strong Excel/SAS skills.

JOB DESCRIPTION SUMMARY

  • Price and reserve Specific and Aggregate Stop Loss and level-funded group business
  • Develop and support pricing models, rate filings, and benefit adjustment analyses
  • Perform forecasting, IBNR analysis, and trend analysis for Stop Loss portfolios
  • Partner with underwriting and business partners and lead meetings to present results
  • Senior analyst role requiring 4+ years actuarial/statistics experience and strong Excel/SAS

DOMAIN EXPERTISE

  • Stop Loss pricing and reserving
  • Level Funded group pricing
  • Health insurance actuarial experience
  • IBNR and forecasting
  • Rate filings and benefit adjustment analysis

KEY REQUIREMENTS

  • 4+ years of actuarial and/or statistics experience
  • Bachelor’s degree required (math, statistics, actuarial sciences preferred)
  • Experience with Stop Loss and level-funded groups highly preferred
  • Strong Excel expertise and experience with SAS; working knowledge of Access preferred
  • Prefer Associate level in the Society of Actuaries (ASA)

TECH STACK

  • Excel
  • Access