Actuary at Premera Blue Cross in Mountlake Terrace WA

Actuary

Location: Mountlake Terrace WA

Workforce Classification:

Hybrid

Join Our Team: Do Meaningful Work and Improve People’s Lives

Our purpose, to improve customers’ lives by making healthcare work better, is far from ordinary. And so are our employees. Working at Premera means you have the opportunity to drive real change by transforming healthcare.

Premera is committed to being a workplace where people feel empowered to grow, innovate, and lead with purpose. By investing in our employees and fostering a culture of collaboration and continuous development, we’re able to better serve our customers. It’s this commitment that has earned us recognition as one of the best companies to work for. Learn more about our recent awards and recognitions as a greatest workplace.

Learn how Premera supports our members, customers and the communities that we serve through our Healthsource blog: https://healthsource.premera.com/.

As an Actuary, you will oversee assigned projects and guide the technical work of supporting analysts. Your responsibilities will include developing and maintaining computer programs, preparing rate and provider reimbursement studies, conducting statistical analyses, producing reports, and performing other actuarial and analytical work. You will develop detailed project plans that define the scope and strategic approach for each analysis. This role requires a strong understanding of departmental objectives and insurance risk, as well as an active ASA or FSA designation.

This is a hybrid role, located on our campus in Mountlake Terrace, Washington.

What you’ll do:

• Consult with department management to establish project goals, work plan objectives, analytical strategies, and timeline requirements for completion of assigned work product.
• Recommend team priorities, analytical work, and responsibilities of project support staff.
• Provide on-going and ad hoc actuarial support to other Premera departments, as appropriate.
• Create written communication and/or peer review all written communication and analyses of project team.
• Conduct peer review and documentation of complex analytical analyses.
• Assess risk and develop analytic strategies.
• Provide data and actuarial calculations relating to the analyses of existing and proposed products and benefits, provider risk pools, stop loss, and administrative costs, as required.
• Conduct peer reviews of technical work of analyst team.
• Monitor and review analytical data from various departments for content, accuracy, associated problems, and action recommendations to correct.
• Provide detailed documentation of corrective actions including discussions of effect to Plan results for distribution.
• Develop and interpret trend data.
• Draft written discussion of interpretation of various actuarial issues and create appropriate analytical presentation of results to support interpretation. Provide peer review of written material developed by project support staff.
• Mentor or train more junior analysts or other actuarial staff.
• Present findings and consult as needed to multiple levels of internal and external client leadership.
• Identify problem areas in any facet of Plan operations and recommend and/or implement changes to improve operations or help to attain Plan goals.

What you’ll bring:

Required Qualifications

• Bachelor’s Degree in Mathematics, Statistics, Actuarial Science, Computer Science, or related field, or (4) years of work experience.
• (5) years of experience in health insurance.
• ASA or FSA designation.

Knowledge, Skills, and Abilities

• Ability to manage projects and people effectively.
• Knowledge of Visual Basic and SQL programming.
• Knowledge of health insurance concepts and terms, including solid understanding of insurance risk.
• Strong analytical, problem solving, and troubleshooting skills. Ability to make decisions and communicate how the conclusion and decision was derived.
• Ability to provide strategic analytical design of projects.
• Ability to work independently and as a member of a team.
• Ability to interact effectively cross functionally, across department lines and with all levels of management.
• Strong attention to detail.
• Excellent communications skills, both written and verbal, including the ability to communicate technical actuarial concepts to non-actuaries.
• Extensive computer experience, including working with complex spreadsheets, databases, and programs.
• Proficiency in a computer programming language and aptitude to learn others. Proficient with standard Microsoft Office products, such as Word, Excel, PowerPoint, Access, etc.

Physical Requirements

The following have been identified as essential physical requirements of this job and must be performed with or without an accommodation:

• This is primarily a sedentary role which requires the ability to exert up to 10 lbs. of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects, including the human body.
• This role requires the ability to keyboard and to communicate clearly and understandably in person and over the telephone.

Premera total rewards

Our comprehensive total rewards package provides support, resources, and opportunities to help employees thrive and grow. Our total rewards are more than a collection of perks, they're a reflection of our commitment to your health and well-being. We offer a broad array of rewards including physical, financial, emotional, and community benefits, including:

• Medical, vision, and dental coverage with low employee premiums.

• Voluntary benefit offerings, including pet insurance for paw parents.

• Life and disability insurance.

• Retirement programs, including a 401K employer match and, believe it or not, a pension plan that is vested after 3 years of service.

• Wellness incentives with a wide range of mental well-being resources for you and your dependents, including counseling services, stress management programs, and mindfulness programs, just to name a few.

• Generous paid time off to reenergize.

• Looking for continuing education? We have tuition assistance for both undergraduate and graduate degrees.

• Employee recognition program to celebrate anniversaries, team accomplishments, and more.

For our hybrid employees, our on-campus model provides flexibility to create your own routine with access to on-site resources, networking opportunities, and team engagement.

• Commuter perks make your trip to work less impactful on the environment and your wallet.

• Free convenient on-site parking.

• Subsidized on-campus cafes make lunchtime connections with colleagues fun and affordable.

• Participate in engaging on-site activities such as health and wellness events, coffee connects, disaster preparedness fairs and more.

• Our complementary fitness & well-being center offers both in-person and virtual workouts and nutritional counseling.

• Need a brain break? Challenge someone to a game of shuffleboard or ping pong while on campus.

Equal employment opportunity/affirmative action:

Premera is an equal opportunity/affirmative action employer. Premera seeks to attract and retain the most qualified individuals without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, gender or gender identity, sexual orientation, genetic information or any other protected characteristic under applicable law.

If you need an accommodation to apply online for positions at Premera, please contact Premera Human Resources via email at careers@premera.com or via phone at 425-918-4785.

The pay for this role will vary based on a range of factors including, but not limited to, a candidate’s geographic location, market conditions, and specific skills and experience.

The salary range for this role is posted below; we generally target up to and around the midpoint of the range.

National Plus Salary Range:

$123,200.00 - $209,400.00

*National Plus salary range is used in higher cost of labor markets including Western Washington and Alaska.

We’re happy to discuss compensation further during the interview because we believe that open communication leads to better outcomes for all. We’re committed to creating an environment where all employees are celebrated for their unique skills and contributions.