Analyst, Actuarial II Int

Looking for a chance to do meaningful work that touches millions? Come join the hardest working, nonprofit health plan in California and help us shape the future of health care. Blue Shield of California's Mission is to ensure all Californians have access to high-quality care at an affordable price. Blue Shield is focused on improving health care delivery by working closely with providers and making it more accessible, affordable and customer-centric. Being a mission-driven organization means we do much more than serve our 4 million members: we were the first health plan in the nation to limit our annual net income to 2 percent of revenue and return the difference to our customers and the community, and since 2005 we have contributed more than $325 million to the Blue Shield of California Foundation to improve community health and end domestic violence. We also believe that a healthier California begins with our employees, so we provide them with resources to develop and maintain a healthy lifestyle through our award-winning wellness program, Wellvolution. Description Provides Actuarial Dept with pricing support, calculating reserves, risk assessment/analysis, data reporting, financial forecasting/projections, creating filings and/or performing financial and risk analysis in changes to provider contracts in order to help BSC meet its goals of providing low-cost healthcare and meeting earnings objectives. Responsibilities May perform a combination of the following depending on discipline/dept: Conducts analysis, pricing and risk assessment to estimate financial outcomes. Maintains and produces timely various standard analytic reports for internal and/or external use. Analyses changes in provider reimbursement terms. Calculates premiums, reserves and non-forfeiture values of new and existing plans of insurance. Assists in preparing the actuarial portions of the financial statements and the federal income tax returns. Compiles, evaluates and certifies statistical data. Calculates premiums or reserves for new or existing products, and may perform research, experience studies and other statistical analyses. Usually assigned to a line of bus or unit for analyzing loss and expense reserves, developing rate indicators, evaluating pricing levels, analyzing profitability and communicating results to more senior actuaries. Qualifications Education/Requirements Position requires college degree with at least a minor in mathematics, statistics, computer science or equivalent business experience. Typically has completed three courses towards the eventual attainment of the Associate, Society of Actuaries (ASA). Minimum Experience Level Typically requires two years of professional actuarial experience. #J-18808-Ljbffr Blue Shield of California