"This position is eligible to work remotely or hybrid in accordance with our Telecommuting Policy."
Are you ready to make a difference? Choose to work for one of the most trusted companies in Kansas.
Why Join Us?
- Family Comes First: Total rewards package that promotes the idea of family first for all employees; including paid time off and family first leave.
- Professional Growth Opportunities: Advance your career with ongoing training and development programs both through our internal Blue University and external opportunities.
- Dynamic Work Environment: Collaborate with a team of passionate and driven individuals.
- Trust: Work for one of the most trusted companies in Kansas.
- Lead and Inspire: Guide and mentor your team to achieve their full potential and success.
Compensation
$156,240 - $186,000
Exempt Grade 20
- Blue Cross and Blue Shield of Kansas offers excellent competitive compensation with the goal of retaining and growing talented team members. The compensation range for this role is a good faith estimate, it is estimated based on what a successful candidate might be paid. All offers presented to candidates are carefully reviewed to ensure fair, equitable pay by offering competitive wages that align with the individual's skills, education, experience, and training. The range may vary above or below the stated amounts.
What you'll do
- Lead and train team members, providing feedback and professional development and performing evaluations. Coordinating workload and developing unit schedules and performance standards.
- Prepare all statewide annual rate filings including the development and maintenance of the models to support the filings and ensure compliance with State and Federal laws. Assist in discussing formulas, procedures, and rate filings with the Kansas Department of Insurance
- The development and maintenance of models used for calculating ASO stoploss rates. The preparation/reporting of ASO stoploss rates.
- Assist in monitoring the effectiveness of the rate formulas and factors and in developing improvements.
- The support with preparation and the analysis of risk regarding the Medicare Advantage market.
- Participate in product development teams and represent the Actuarial Research Department in various team meetings.
- Support actuarial research and complete surveys and special studies.
- Maintain documentation and keep the Director of Actuarial, Chief Actuary, and CFO informed on projects.
What you need
- Bachelor's degree in mathematics, Actuarial Science, or a related field required.
- Associateship or Fellowship designation in the Society of Actuaries (SOA) and membership in the American Academy of Actuaries (AAA) required.
- Minimum of eight years of actuarial experience pricing or reserving health insurance products
- Extensive experience with actuarial models, financial forecasting, and compliance with state and federal regulations.
- Advanced knowledge in applying data analytics, statistical modeling, and predictive techniques to improve accuracy and efficiency in actuarial processes within the health insurance industry.
- Excellent communication skills to convey complex actuarial concepts to non-technical stakeholders and senior leadership.
- Strong understanding of regulatory requirements related to actuarial filings, including GAAP and statutory accounting standards.
- Ability to lead cross-functional initiatives and collaborate with Finance and other departments across the enterprise to drive business objectives.
- Ability to work in an office environment and use standard office equipment.
- Occasional travel may be required for meetings, training, or client engagements.
Benefits & Perks
- Base pay is only one component of your competitive Total Rewards package:
- Incentive pay program (EPIP)
- Health/Vision/Dental insurance
- 6 weeks paid parental leave for new mothers and fathers
- Fertility/Adoption assistance
- 2 weeks paid caregiver leave
- 5% 401(k) plan matching
- Tuition reimbursement
- Health & fitness benefits, discounts and resources
Our Commitment to Diversity, Equity, Inclusion, and Belonging
At Blue Cross and Blue Shield of Kansas, we are committed to fostering a culture of diversity, equity, inclusion, and belonging (DEIB), where mutual respect is at the foundation of our workplace. We provide equal employment opportunities to all individuals, regardless of race, color, religion, belief, sex, pregnancy (including childbirth, lactation, and related medical conditions), national origin, age, physical or mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military or veteran status, family or parental status, or any other characteristic protected by applicable law.
We believe that embracing diversity and authentically promoting inclusion, equity, and belonging among our team members is crucial to our collective success. By intentionally recruiting, developing, and retaining a diverse pool of talent, we cultivate an environment where everyone feels valued, heard, and empowered to contribute. Accommodations are available for applicants with disabilities upon request, ensuring an inclusive and accessible hiring process for all.