Manager & Actuary
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.
Manager & Actuary – Medical Cost Trend & Forecasting Responsibilities:
- Support trend updates on a monthly basis for all segments including analyzing trends, forecasting future costs, and identifying drivers of variances vs. expected results.
- Provide trend support for major company initiatives such as annual pricing exercises and AOP/reforecast/segment strategy.
- Implement best practices from a modeling perspective to optimize team resources. Proactively review advanced data analytic methods and identify opportunities to incorporate into team processes and improve predictive performance.
- Communicate and collaborate effectively with key stakeholders both in the actuarial department and in other functional areas. Represent actuarial during meetings with management and educate stakeholders up to the executive level on the financial impact of emerging trends by segment.
- Monitor industry news and ensure the company is competitively well-positioned in a dynamic marketplace.
- Manage 2-4 Analysts: communicates and balances key priorities, delegates work appropriately, and provides performance feedback and coaching to this team. Supports analysts to facilitate completion of their exams as well as their actuarial and professional development.
Qualifications:
- Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field or equivalent work experience
- ASA or FSA Required (FSA preferred)
- 5+ years of experience in a Health Insurance Actuarial department (trend experience preferred but not required)
- Solid mathematical background including extensive experience working with risk models, actuarial or mathematical analysis, and using automated or statistical analysis tools.
- Proven ability to manage projects to a successful conclusion as well as the ability to identify best practices and methods
- Effective facilitation and presentation skills required to demonstrate medical cost trend drivers in a clear and concise manner to all levels of management
- Strong organizational and project-planning skills
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.
At Independence Blue Cross, 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.