Your Role

The Actuarial Provider Strategies team helps design and implement value-based care (VBC) payment models, which include Accountable Care Organizations (ACOs) and other innovative alternative payment models (APMs) to improve the affordability and quality of care our members receive. The Associate Actuarial Analyst will report to the Principal of Actuarial Provider Strategies and work closely with their team and with colleagues from various backgrounds and roles within the company. In this role you will be collaborating with various stakeholders to design and execute risk share payment strategies as well as configuration of various networks to enable and support Blue Shield's long-term strategic goals.

Your Work

In this role, you will:

• Learn various actuarial techniques and procedures by: conducting analysis, assessing risk and population risk scores and assignment, developing pricing and trends, assessing changes in benefit designs, developing reserves, performing forecasting, analyzing provider reimbursement terms and/or evaluating actuarial risk related analysis
• Compile and categorize data, documenting and verifying the factors used in computations such as those used in evaluating loss and expense reserves, preparing rate filings, schedules of statistics, premiums, benefits, member risk data and score submissions and establishing rating and pricing levels
• Produce timely various standard analytic reports for internal and/or external use
• Study for exams towards credentials

Your Knowledge and Experience

• Requires a bachelor's degree in mathematics, statistics, computer science or related discipline or equivalent business experience
• Typically, has completed 1 to 2 courses towards the eventual attainment of the Associate, Society of Actuaries (ASA) designation
• No previous professional actuarial experience required but typically has obtained broad theoretical job knowledge through advanced education

Pay Range:

The pay range for this role is: $ 31.73 to $ 44.41 for California.

Note:

Please note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate's experience, location (California, Bay area, or outside California), and current employee salaries for similar roles.