Assistant Actuary I
Bring your drive for excellence, teamwork, and customer commitment to Independence. Join us as we renew and reimagine the future of health care. Together, we will achieve our mission to enhance the health and well-being of the people and communities we serve.
We are seeking a dedicated Assistant Actuarial I to join our Actuarial Services team, focusing on health value optimization. This role involves critical analysis and support for cost-of-care initiatives, ensuring these align with our strategic goals in health value optimization. The successful candidate will play a key role in influencing how our initiatives contribute to the overall value and efficiency of healthcare delivery.
Key Responsibilities:
- Analyze and evaluate cost of care savings initiatives with a focus on health value optimization, financial implications, and risk assessment
- Apply advanced actuarial techniques to model and forecast the impact of initiatives on healthcare costs and quality
- Collaborate with Clinical Care Innovation, Provider Contracting, and Product teams to ensure initiatives support health value optimization objectives
- Support medical cost claim drilldowns and ideation of cost savings initiatives
- Review and analyze industry benchmarks/surveys
- Ensure compliance with relevant regulations and standards
- Communicate complex actuarial analyses and strategies to internal and external stakeholders
Qualifications
- Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Services, or related field or equivalent work experience.
- Completion of ASA designation is required for Assistant Actuary I and a minimum of three years of experience.
- Solid mathematical background, including experience working with risk models, actuarial or mathematical analysis, and using automated or statistical analysis tools, proficiency in Excel required.
- Knowledge of SQL server a plus. Excellent organizational, analytical, and communication skills required.
Hybrid:
Independence has implemented a “Hybrid” model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the “Hybrid” model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania.
IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.
Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.
Inclusion and Belonging
At IBX, everyone can feel valued, supported, and comfortable to be themselves, and all associates have a fair opportunity to achieve their full potential. We put these principles into action every day by acting with integrity and respect. Celebrating and embracing diverse thoughts and perspectives that make up our workforce means our company is more vibrant, innovative, and better able to support the people and communities we serve.
About Our Company
Serving more than 8 million people nationwide, including 2.5 million in southeastern Pennsylvania, Independence Health Group — together with its subsidiaries — is the leading health insurance organization in the Philadelphia region. Our mission to build healthier lives for you, your family, and your employees shapes our actions and decisions every day.
At Independence, we see each of our members as an individual, with unique needs and concerns. We’re dedicated to harnessing the very latest ideas and technologies to deliver access to care that meets those needs and surpasses your expectations. For more information about Independence access our website at www.ibx.com. We’re revolutionizing health care, and our focus is on you!
Equal Employment Opportunity
IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.
Agency Disclaimer
All resumes submitted directly to an Independence Blue Cross employee from a vendor via email, the Internet or in any other form without a valid written search agreement in place for this position from the Independence Blue Cross Family of Companies Human Resources Department will be deemed the sole property of Independence Blue Cross and the Independence Blue Cross Family of Companies. Please note that no fee will be paid in the event the candidate is hired by Independence Blue Cross or the Independence Blue Cross Family of Companies as a result of the referral or through means other than our established process.