Managing Actuary - Medicare Cost and Supplement

BlueCross BlueShield of Minnesota
life insurance, vision insurance, paid time off, 401(k)

Jan 11, 2025
About Blue Cross Blue Cross and Blue Shield of Minnesota is one of the most recognized and trusted health care brands in the world with 2.5 million members. We're committed to reinventing health care to improve health for our members and the community. We hope you'll join us. How Is This Role Important to Our Work? Innovative, collaborative, strategic actuarial leader needed for Medicare Supplement and Medicare Cost product lines. Leader will be supported by dedicated associate and responsible for pricing, forecasting, product development, product implementation, and rate filing for segment products. Develop relationships and partner with actuarial leaders and other departments including product, legal, finance, regulatory affairs, and compliance to optimally manage products within the broader Medicare portfolio. Responsible for guiding and motivating the supporting actuarial associate in business segment initiatives and professional development. A Day in the Life: Manage the pricing, forecasting, product development, product implementation, and rate filing of the Medicare Cost and Medicare Supplement products. Lead associate handling products' initiatives, with key focus on associate's professional development Research, analyze and interpret Medicare actuarial and statistical data and provide technical assistance to other departments estimating the impact and owning the resolution. Design mathematical models in connection with other departments (e.g. Product, Compliance) to predict impact of proposed changes. Make suggestions to amend or develop products and processes to maintain product viability and financial soundness as a result of analyzing claims, revenue and/or other relevant data. Independently manage, which includes directing supporting staff, in the retrieval and analysis of data on multiple tasks or projects with little or no management involvement. This may include filling in for management when needed. Responsible for regulatory review of new legislation and compliance with existing legislation related to segment Other specific accountabilities as assigned by management. Nice to Have: Bachelor's degree. Medicare Cost and/or Medicare Supplement product experience Experience building and manipulating pricing and forecasting models Required Skills and Experiences: 6+ years of related professional experience. All relevant experience including work, education, transferable skills, and military experience will be considered. 3 years of experience in Medicare pricing. ASA or above. Strong collaboration, project & time management, and delegation skills. Strong oral and written communication skills. Excellent Microsoft Excel, Word, PowerPoint skills. Knowledge of data retrieval languages, preferably SQL and SAS. Compensation and Benefits: Pay Range: $115,000.00 - $155,300.00 - $195,600.00 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. Make A Difference Blue Cross is an Equal Opportunity and Affirmative Action employer that values diversity. All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on race, color, creed, religion, sex, national origin, genetic information, marital status, status with regard to public assistance, disability, age, veteran status, sexual orientation, gender identity, gender expression, or any other legally protected characteristic. Reasonable Accommodation for Job Seekers with a Disability: If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to talent.acquisition@bluecrossmn.com. All roles require a high school diploma (or equivalency) and legal authorization to work in the U.S. Blue Cross and Blue Shield of Minnesota and Blue Plus are nonprofit independent licensees of the Blue Cross and Blue Shield Association.