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Director, Actuarial Job

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Location
Eagan, MN
6 hit(s)  

Profile

For more than 80 years, **MEMBERS ONLY**SIGN UP NOW***. has been passionate about improving health. We provide quality, cost-effective health plans and innovative programs that make a healthy difference in people’s lives. Blue Cross is the largest health plan based in Minnesota, covering nearly 3 million members in the state and across the country. We strive to help all Minnesotans overcome the barriers to good health.

We offer our employees a comprehensive benefits, compensation and total rewards package to keep you and your family healthy and to secure your financial future. Our Employee Resource Groups help us advance health equity while promoting a diverse and inclusive work environment. Join us and make a healthy difference in people’s lives through the work you do every day. Together, we'll make Minnesota a better place to live — and a healthier one.

Description Summary

BlueCross BlueShield of Minnesota seeks an actuarial director to lead a team dedicated to the Government Markets space.  This actuary’s primary focus will be on Medicaid products, with additional responsibilities to include some of our Medicare portfolio, e.g. Medicare Cost and/or Med Supp.  Polished communication skills and the ability to work in a cross-functional team environment will be keys to success in this leadership role. 

Accountabilities

Leads and directs all actuarial work for PMAP/MNCare, as well as other assorted Medicare products, e.g. Medicare Cost and Med Supp.  Responsibilities include oversight of budgeting, forecasting, trend analysis and revenue/cost driver identification and evaluation for these lines of business.

Provides actuarial perspective in collaborative cross-segment efforts to manage the product, including interaction with other departments such as Underwriting, Government Markets, Finance, Network Management and Legal.

Directs the development of mathematical models and analysis of data, in collaboration with other departments, to predict impact of proposed changes, support financial reporting and forecasting, and develop/amend processes to maintain product viability and financial soundness.

Directs rate and annual filings as required by State and Federal regulators ensuring timeliness, acceptance by regulators, and appropriate loss ratios for regulatory and corporate requirements for solvency, profitability and membership.

Participates in rate and contract negotiation processes with the state, working to ensure actuarially-sound pricing and consideration of all material aspects impacting such rates.

Communicates with BCBSM senior leadership in an effective and straightforward manner, providing perspective on potential risks and opportunities for given decisions.

Manages the team including interviewing and hiring employees following required EEO and Affirmative Action guidelines and ensuring employees receive the proper training.

Conducts performance evaluation, and is responsible for managing employees, including skill and career development, policy administration, coaching on performance management and behavior, employee relations and cost control.

Requirements

Bachelor’s degree in mathematics, statistics, actuarial science, economics, finance, accounting or related field.

Eight years of experience in the areas of actuarial, finance or related field, including experience in managed care.

Three years of staff, team lead, or project lead experience.

FSA, FCAS, or ASA designation.

MAAA designation

Demonstrated delegation and management skills.

Excellent oral and written communication skills.

Experience with Medicaid and/or Medicare strongly preferred.

Preferred Requirements

FLSA Status

Exempt

Blue Cross Blue Shield of Minnesota is an Equal Opportunity and Affirmative Action employer that values diversity. All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on race, color, creed, religion, sex, national origin, genetic information, marital status, status with regard to public assistance, disability, age, veteran status, sexual orientation, gender identity, or any other legally protected characteristic.

Make a difference

Thank you for your interest in Blue Cross. Be part of a company that lets you be you — and make a healthy difference in people’s lives every day

Blue Cross is an Equal Opportunity and Affirmative Action employer that values diversity. All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on race, color, creed, religion, sex, national origin, genetic information, marital status, status with regard to public assistance, disability, age, veteran status, sexual orientation, gender identity, or any other legally protected characteristic.

Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association

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Company info

Blue Cross and Blue Shield of Minnesota
Website : http://www.bluecrossmn.com

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