Assistant Actuary I

Assistant Actuary I at Independence Blue Cross

Our organization is looking for dynamic individuals who love to learn, thrive on innovation, and are open to exploring new ways to achieve our goals. If this describes you, we want to speak with you. You can help us achieve our vision to lead nationally in innovating equitable whole-person health.

We are seeking a dedicated Assistant Actuary I to join our Actuarial Services team, focusing on health value optimization. This role involves critical analysis and support for cost of care initiatives, ensuring these align with our strategic goals in health value optimization. The successful candidate will play a key role in influencing how our initiatives contribute to the overall value and efficiency of healthcare delivery.

Key Responsibilities

• Analyze and evaluate cost of care savings initiatives with a focus on health value optimization, financial implications, and risk assessment
• Apply advanced actuarial techniques to model and forecast the impact of initiatives on healthcare costs and quality
• Collaborate with Clinical Care Innovation, Provider Contracting, and Product teams to ensure initiatives support health value optimization objectives
• Support medical cost claim drilldowns and ideation of cost savings initiatives
• Review and analyze industry benchmarks/surveys
• Ensure compliance with relevant regulations and standards
• Communicate complex actuarial analyses and strategies to internal and external stakeholders

Qualifications

• Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Services, or related field or equivalent work experience.
• Completion of ASA designation required for Assistant Actuary I and a minimum of three years of experience.
• Solid mathematical background including experience working with risk models, actuarial or mathematical analysis, and using automated or statistical analysis tools, proficiency in Excel required.
• Knowledge of SQL server a plus.
• Excellent organizational, analytical, and communication skills required.

Work Model & Location

Independence Blue Cross has implemented a “Hybrid” model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the “Hybrid” model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania.

Key skills/competency

• Actuarial Analysis
• Health Value Optimization
• Cost of Care Management
• Financial Modeling
• Risk Assessment
• Data Analysis
• Stakeholder Communication
• Regulatory Compliance
• Excel Proficiency
• SQL Server (preferred)