Actuary

Blue Cross and Blue Shield of Kansas is looking to add an Actuary to our dedicated Actuarial team. This position will play a critical role in connecting pricing and trend analysis expertise with actuarial principles to support health plan pricing, forecasting, and strategic decision‑making. This position leads actuarial efforts related to pricing and filing strategy, profitability analysis, and financial modeling, while providing insights and reporting to senior leadership and cross‑functional stakeholders.

"This position is eligible to work remotely, hybrid or onsite in accordance with our Telecommuting Policy."

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 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.

• Are you ready to make a difference? Choose to work for one of the most trusted companies in Kansas.
• Family Comes First:
  Total rewards package that promotes the idea of family first for all employees.
• Professional Growth Opportunities:
  Advance your career with ongoing training and development programs.
• Dynamic Work Environment:
  Collaborate with a team of passionate and driven individuals.
• Trust:
  Work for one of the most trusted companies in Kansas.
• Compensation $116,000 - $145,000
• Exempt Grade 18

• Serve as the actuarial liaison with external consultants for Medicare Advantage Part C and D bid development.
• Conduct profitability and forecasting analyses for Medicare Advantage plans, including cohort‑level insights.
• Translate actuarial findings into actionable business insights to support budgeting, planning, and strategy.
• Perform ad‑hoc analyses related to Star ratings, benefit changes, and regulatory impacts.
• Communicate forecast variances and key drivers to senior leadership.
• Monitor trends and regulatory developments across Medicare Advantage, PDP, and Medigap markets.
• Provide strategic input on product development, pricing variables, and market positioning.
• Participate in cross‑functional work groups focused on the strategy and performance of the over‑65 product portfolio.
• Support actuarial exhibits for regulatory filings and validate system/database changes impacting actuarial research.

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related field.
• Associateship or Fellowship designation in the Society of Actuaries (SOA) and membership in the American Academy of Actuaries (AAA) required.
• Minimum of 6 years of actuarial experience with pricing, forecasting, trend analysis, risk management, strategic planning, and/or program evaluation required.
• Experience with building and evaluating new actuarial models, project management, communication with senior leadership, and tracking actual to expected outcomes required.

• In-depth knowledge of Medicare Advantage pricing, regulations, and market dynamics.
• Proficiency in Excel, SQL, Python, R, Tableau, and/or Power BI, with experience in advanced actuarial modeling, data analysis, and visualization.
• Knowledge of rating and underwriting regulations across multiple states as well as an understanding of health insurance marketing, sales strategies, and customer segmentation.
• Ability to develop adaptable models for rates, reserves, and projections in a dynamic environment.
• Lead and influence cross‑functional teams to define metrics, validate assumptions, and ensure alignment with enterprise goals.
• Present findings and recommendations to senior leadership, translating complex actuarial insights into actionable strategies.
• Effective communication skills with the ability to explain technical concepts to non‑technical audiences.
• Mentor junior actuarial staff and contribute to knowledge sharing across the actuarial team.

• Base compensation 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