What are the responsibilities and job description for the Actuary position at Blue Cross of Idaho?
Blue Cross of Idaho is looking for an Actuary be a part of the Health Economics division! We are looking for a collaborative teammate that can provide analytical support in the pursuit of lowering healthcare costs. Partnering with the business area to provide business analytics services and develop insights and understand business performance based on data and statistical methods.
Required Experience
We are looking for an Actuary with:
The pay range for this position takes into account a wide range of factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, travel requirements, internal equity, business or organizational needs, and alignment with market data. At Blue Cross of Idaho, it is not typical for an individual to be hired at or near the top range for the position. Compensation decisions are dependent on factors and circumstances at the time of offer.
We offer a robust package of benefits including paid time off, paid holidays, community service and self-care days, medical/dental/vision/pharmacy insurance, 401(k) matching and non-contributory plan, life insurance, short and long term disability, education reimbursement, employee assistance plan (EAP), adoption assistance program and paid family leave program.
We will adhere to all relevant state and local laws concerning employee leave benefits, in line with our plans and policies.
Reasonable accommodations
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
Required Experience
We are looking for an Actuary with:
- Five years health actuarial or analytics experience
- Bachelor's Degree in Mathematics, Statistics, Computer Science, Economics, or related field
- Associate, Society of Actuaries (ASA)
- Use actuarial expertise to lead modeling and financial analysis for value-based care (VBC) arrangements.
- Design and evaluate VBC contract methodologies and translate results into clear internal and external reporting.
- Perform and support monthly and year‑end contract‑level settlement calculations.
- Partner with Accounting and Finance to explain financial drivers, performance trends, and variances.
- Collaborate closely with Provider Network Management and Clinical teams to recommend contract or program adjustments to improve financial and quality outcomes.
- Identify, investigate, and resolve data issues or anomalies, translating findings for both technical and non‑technical audiences.
- Clearly communicate financial results and implications to non‑actuarial stakeholders.
- Sign actuarial statements of opinion, including reserves and rate filings, as applicable.
- Perform other duties and responsibilities as assigned
The pay range for this position takes into account a wide range of factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, travel requirements, internal equity, business or organizational needs, and alignment with market data. At Blue Cross of Idaho, it is not typical for an individual to be hired at or near the top range for the position. Compensation decisions are dependent on factors and circumstances at the time of offer.
We offer a robust package of benefits including paid time off, paid holidays, community service and self-care days, medical/dental/vision/pharmacy insurance, 401(k) matching and non-contributory plan, life insurance, short and long term disability, education reimbursement, employee assistance plan (EAP), adoption assistance program and paid family leave program.
We will adhere to all relevant state and local laws concerning employee leave benefits, in line with our plans and policies.
Reasonable accommodations
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
Salary : $106,762 - $160,144