BCBSMA
Associate Director, Actuarial
Boston · Director · Full-time
Sponsorship not specified$186k-$227kDetected 28 days ago
PythonSQLData AnalysisStatisticsComplianceFinancial AnalysisAccountingForecastingValuationSASLeadershipCommunicationCollaborationFinancial ReportingVariance AnalysisActuarial ScienceUnderwriting
About the role
- The successful candidate will be responsible for overseeing all aspects of the company's claim reserves, ensuring actuarial soundness, regulatory compliance, and financial sustainability.
- This individual will provide critical analysis and strategic insights to executive leadership.
- This role is eligible for our Flex persona.
Responsibilities
- Develop and maintain actuarial models for financial forecasting, reserving, and risk adjustment.
- Maintain direct accountability to state insurance departments for all actuarial opinions and rate filings.
- Develop and monitor trend information for pricing and forecasting purposes, including recommendations for large group pricing trend.
- Develop premium forecast for BCBSMA's commercial insured lines of business.
- Manage and mentor a team of actuaries, fostering a culture of accountability, collaboration, and innovation.
- Collaborate with finance, underwriting, sales, and other departments to support product design, pricing, and strategic initiatives.
Requirements
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Member of the American Academy of Actuaries (MAAA) is required.
- Demonstrated expertise in Individual/ACA, Group Commercial, and Medicare lines of business, including pricing, reserving, risk adjustment, and regulatory compliance.
- Fellow of the Society of Actuaries (FSA) is required.
- Eligibility to serve as an Appointed Actuary under all applicable state and federal requirements.
- A minimum of 8 years of progressive actuarial experience in the health insurance industry, with at least 3 years in a leadership or supervisory role.
- Extensive knowledge of health insurance regulatory requirements, the Affordable Care Act (ACA), and statutory accounting principles.
Skills
- Proficiency in actuarial modeling software and data analysis tools (e.g., SQL, SAS, Python).
- Strong executive presence with polished and well-developed written and oral communication skills.
- Strategic thinker with the ability to translate complex actuarial concepts into actionable business insights.
- #LI-HYBRID
- Minimum Education Requirements:
- High school degree or equivalent required unless otherwise noted above
- Location
- Boston Time Type
- Full time
- Salary Range: $185,850.00 - $227,150.00
- This job is also eligible for variable pay.
- Minimum Education
Compensation
- $185,850.00 - $227,150.00
- The job posting 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 posted range, and the range may be modified in the future.
- This job is also eligible for variable pay.
- An employee's pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability.
- Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable.
Benefits
- It's in our differences that we will remain relentless in our pursuit to transform healthcare for ALL.
Company info
- Ready to help us transform healthcare?
- Bring your true colors to blue.
- We are seeking a highly qualified and experienced Associate Director of Actuarial Reserves to lead our actuarial reserving functions.
This listing is sourced directly from BCBSMA's careers page and normalized into a canonical job model.