Independence Blue Cross · 5 months ago
Assistant Actuary I
Philadelphia, Pennsylvania
Full-time
Hybrid
Mid, Senior Level
5+ years expIndependence Blue Cross is committed to enhancing the health and well-being of the communities they serve. They are seeking an experienced Assistant Actuary I with a strong background in Medicare pricing to support the pricing, forecasting, and strategic analysis of their Medicare products.
Health CareHealth InsuranceInsuranceMedical
Responsibilities
Support the development and pricing of Medicare Advantage and Part D products
Assist in preparing annual CMS bid submissions, including benefit design, cost projections, and revenue estimates
Evaluate historical claims and utilization data to support the pricing of benefit differentials and cost-sharing structures across Medicare plan designs
Collaborate with cross-functional teams, including finance, underwriting, and product development, in support of pricing analyses and corporate strategy and forecasts
Monitor regulatory changes and assess their impact on pricing and profitability
Contribute to actuarial models and tools used for bid development and scenario analysis
Present findings and recommendations to actuarial leadership and business partners
Qualification
Required
Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field
5+ years of actuarial experience, with a focus on Medicare pricing
Fellow or Associate of the Society of Actuaries (SOA)
Familiarity with CMS bid process and regulatory requirements
Strong analytical and problem-solving skills
Proficiency in Excel and SQL
Excellent communication and collaboration skills
Preferred
Experience with Medicare Advantage and/or Part D actuarial models
Understanding of risk adjustment and revenue forecasting
Demonstrated ability to work independently and drive projects forward with minimal oversight
Proven track record of taking initiative, managing competing priorities, and delivering high-quality work in a deadline-driven environment
Company
Independence Blue Cross
The leading health insurer in southeastern Pennsylvania. It is a sub-organization of Independence Blue Cross.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Alexandra Jorgensen
Senior Vice President Human Resources
Joe Geist
SVP & Market President, National
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