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Blue Cross Blue Shield of Massachusetts Experienced Actuarial Analyst in Boston, Massachusetts

Ready to help us transform healthcare? Bring your true colors to blue.

Why Blue Cross Blue Shield of Massachusetts?

With almost 3 million members and roughly 50% of the market share, Blue Cross Blue Shield of Massachusetts (BCBSMA) is a not for profit health insurance company in Massachusetts committed to making quality health care affordable. A career at BCBSMA offers many opportunities to make an impact on one of the biggest issues facing the U.S economy: health care cost. Growth opportunities, new challenging assignments, and coaching are available to help you on your career path.

The Actuarial Services team informs corporate strategy in critical areas including competitiveness, affordability, profitability, provider payment reform and health care policy. As an Analyst on the Actuarial Services team, you will work with a rich dataset and a robust well-established Enterprise Data Warehouse to identify emerging drivers of health care trend and cost, market pressures, and profitability. In a constantly evolving health care system, you will have the opportunity to build innovative models to design and analyze new products, provider payment structures, and health care delivery mechanisms that will lower cost and improve the quality of care provided to our members.

What are we looking for in an applicant?

The ideal candidate has a background in a quantitative field. Experience in working with large data sets and data driven decision-making is required. Also essential is close attention to detail, focus on results, and the ability to effectively present results. The candidate in this position is required to constantly innovate, challenge assumptions, and generate new ideas and process improvements. Finally, we are seeking a team player with the ability to collaborate with others towards shared goals.

Required Technical and Behavior Competencies

  • Use of software for data analysis; specifically spreadsheet and database systems (e.g. MS Excel, MS Access), data extraction and manipulation (e.g. COGNOS, SAS), data visualization (e.g. Tableau) and analytic automation (e.g. scripting, macros).

  • Time management skills to execute on a variety of projects under specific time restraints

  • Strong written and oral communication skills in a variety of settings

  • Creative problem solving skills

  • Exceptional analytical skills and technical expertise

  • Successful at managing priorities

Education and Experience

  • Bachelor’s degree required with a focus in Math, Business, Health Care or related field strongly preferred

  • A minimum of 3 years of experience preferably in healthcare or related industry. Minimum ot four actuarial exams

  • Commitment to successfully participating in the Actuarial Rotational Program and obtaining FSA designation.

  • Commitment to leadership development and becoming a business leader

LocationBostonTime TypeFull time

Voted as the highest in member satisfaction among Massachusetts commercial health plans by JD Power, Blue Cross Blue Shield of Massachusetts is a community-focused, tax-paying, not-for-profit health plan headquartered in Boston. We have been a market leader for over 75 years, and are consistently ranked among the nation's best health plans. Our daily efforts are dedicated to effectively serving our 2.8 million members, and consistently offering security, stability, and peace of mind to both our members and associates.

Our Commitment to You

We are committed to investing in your development and providing the necessary resources to enable your success. We are dedicated to creating a refreshing and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path. We take pride in our diverse, community-centric, wellness-focused culture and believe every member of our team deserves to enjoy a positive work-life balance.

Blue Cross Blue Shield of Massachusetts is an Equal Employment / Affirmative Action Employer. Applicants are considered for all positions without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or expression, or any other characteristics protected by law.

Blue Cross Blue Shield of Massachusetts will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with Blue Cross Blue Shield of Massachusetts's legal duty to furnish information.