Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware

Job Summary:

This is a mid-level to senior-level analyst position within the Actuarial department. This role will be primarily responsible for developing internal benchmarks across all lines of business utilizing Milliman Health Cost Guidelines logic and the Milliman MCRM model. The individual will work with stakeholders across the enterprise to understand and consider varying characteristics by market, product and Value Based Partner to produce accurate benchmarks.

• Develop deep understanding of Milliman Health Cost Guidelines logic.

• Work with business stakeholders across the organization and all lines of business to understand benchmarking needs.

• Identify and develop inputs for the Milliman Managed Care Rating Model, specific to each population (e.g., Market, Product, etc).

• Perform detailed analyses comparing benchmarks to internal experience to identify areas for focus.

• Communicate and present benchmark analysis findings to key stakeholders throughout the organization.

• Develop and communicate benchmarks for Value Based Partners.

• Other actuarial and analytic duties throughout the department as assigned.

• May lead phases of benchmarking development project.

Education/Experience:

• Requires a Bachelors degree, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university, or equivalent work experience
• Requires 2+ years of actuarial and/or statistics experience or attainment of Associate level in the Society of Actuaries (ASA)

Additional licensing, certifications, registrations:

• ASA candidate a plus

Knowledge:

• Requires working knowledge of Excel
• Prefers working knowledge of Access or other database application
• Prefers experience with SAS or other programming language
• Prefers knowledge of data analysis and Actuarial principles

Skills and Abilities:

• Requires good oral and written communication skills
• Requires strong analytical thinking
• Requires strong mathematical skill and statistical analysis abilities
• Requires good judgment and problem solving skills
   

Salary Range:

$75,300 - $100,800

​This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity.  This range has been created in good faith based on information known to Horizon at the time of posting.  Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:

• Comprehensive health benefits (Medical/Dental/Vision)

• Retirement Plans

• Generous PTO

• Incentive Plans

• Wellness Programs

• Paid Volunteer Time Off

• Tuition Reimbursement

Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law.  Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.