New

Associate Actuary

Blue Cross Blue Shield Association
vision insurance, 401(k)
United States, Illinois, Chicago
Oct 23, 2025
Use statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of internal and/or external proposals, activities, or initiatives for the Federal Employee Program (FEP), the Federal Employee Dental and Vision Insurance Program (FEDVIP), and other departments within BCBSA and the Plans as needed. Operate with a high level of autonomy for purposes of pricing, underwriting, reserving, forecasting and other actuarial functions. Manage small projects and communicate complicated concepts, information, and recommendations, and present technical information to non-technical audiences. Work product affects management decisions as well as financial soundness of Blue Plans, FEP, and FEDVIP. Provides the evaluation, implementation, and maintenance of models and studies, which use actuarial principles for the purposes of pricing, underwriting, reserving, trend analyses, rating support, forecasting, and other actuarial functions, including peer review, as needed. Summarizes results, provides observations and recommendations to assist with management decisions. Develops, analyzes, and quantifies the effects of new initiatives, proposals, environmental changes such as: laws/regulation, tax policy; trend; competitor, member, and provider behavior impacting FEP, FEDVIP, BCBSA, or Blue Plans, as appropriate. Analyzes the financial effect and determines the estimated actuarial impact and recommends appropriate solutions. Responds to a variety of technical inquiries or requests and provides technical actuarial assistance to internal customers or external customers (OPM, Congress, etc.), and Blue Plans upon request. Supports and evaluates the Plan Trend Surveys and other BCBSA publications as requested. Maintains actuarial credentials which may include continued progression through the actuarial examination process. Supports actuarial presentations at meetings, conferences, and training sessions as requested. The posting range for this position is: $103,677.00-$149,129.62 Qualifications Education Required Bachelor's Degree Actuarial Science, Mathematics, Statistics, or related field; or equivalent work experience Experience 5+ Years actuarial experience, with multiple years in medical, dental, vision insurance, or other health related experience Required Knowledge Skills and Abilities Moderate health actuarial and related technical expertise in rating, underwriting, valuation, product development, trend analysis, forecasting, rate filings, financial statements, legislative analysis, policy development, and R&D projects is required. General understanding of data support systems and data requirements. Ability to work effectively in multi-disciplinary team environment . Excellent oral and written communication skills and the ability to present technical information to non-technical audiences Ability to work in unfamiliar and potentially politically driven situations with limited data. Demonstrated technical skills with the Microsoft Office Suite are required, including Microsoft Excel Skilled in basic accounting and financial analysis. Certifications & Licenses Required: Associate of the Society of Actuaries (ASA) - SOA Extra Posting Information: Five years of actuarial experience, with multiple years in medical, dental, vision insurance, or other health related experience Experience in Access, SAS, SQL, Visual Basic, R, or other programming skills. #LI-Hybrid The posted salary range is the lowest to highest salary we, in good faith, believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the hiring range and this hiring range may also be modified in the future. A candidate's position within the hiring range may be based on several factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, shift, travel requirements, and business or organizational needs.This job is also eligible for annual bonus incentive pay. We offer a comprehensive package of benefits including paid time off, 11 holidays, medical/dental/vision insurance, generous 401(k) matching, lifestyle spending account and many other benefits to eligible employees. Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.