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Premera Blue Cross Actuarial Analyst I in Mountlake Terrace, Washington

Join Our Team: Do Meaningful Work and Improve People’s Lives

Our purpose, to improve customers’ lives by making healthcare work better, is far from ordinary. And so are our employees. Working at Premera means you have the opportunity to drive real change by transforming healthcare.

To better serve our customers, we’re creating a culture that promotes employee growth, collaborative innovation, and inspired leadership. Forbes ranked Premera among America’s 2022 Best Midsize Employers (https://www.forbes.com/lists/best-midsize-employers/?sh=58210f5e210f) because we are committed to creating an environment where employees can do their best work and where best-in-class talent comes, stays, and thrives!

COVID-19 Vaccination Policy:

To learn more about our COVID-19 vaccination and accommodation requirements, please visit our Careers landing page.

As an Actuarial Analyst I in the Healthcare Economics (HCE) department, you will support provider and network actuarial analyses across various lines of business. As an Actuarial Analyst I, you will have the opportunity to develop your technical skills and grow your analytical skillset. You will support actuarial analyses on one of HCE’s several teams. This may include value-based and risk contracts, provider negotiations, and fee-for-service agreements, ROI analysis, financial reporting, or risk adjustment analysis. Additional activities will include less complex data extraction, analytical model maintenance and financial and performance reporting, as well as production of various reports and limited technical support to assist in the achievement of company financial and membership goals.

This is a hybrid role, with some onsite days required. You must live within driving distance of our Mountlake Terrace campus, located about 15 miles north of Seattle, Washington.

What you’ll do:

  • Under the guidance of more senior analysts, query data and perform actuarial calculations.

  • Create exhibits to answer internal and external customer questions, consulting directly with stakeholders.

  • Monitor data from internal departments, review it for content and accuracy, and identify associated problems.

  • Support existing and some new analyses, processes, and reports. Consider reproducibility and potential improvements.

  • Complete assigned, less complex projects accurately and efficiently, within preset timelines, and regularly report status to supervisor and project manager.

  • Prepare written documentation on all projects to provide a peer review trail and ensure continuity and integrity of position responsibilities. This includes organizing the project work plan, notes, output, proof of review and other documentation.

  • Prepare for internal and external meetings under the guidance of a more senior analyst or manager and share exhibits and findings from analysis.

What you’ll bring:

  • Bachelor’s Degree in Mathematics, Actuarial Science, Statistics, Computer Science or related field or (4) years of work experience. (Required)

  • Previous actuarial experience preferred.

  • Experience in health insurance and/or actuarial department preferred.

  • Knowledge of health insurance concepts and terms preferred.

  • Knowledge of SQL and other data querying tools.

  • Commitment to participate in the Actuarial student program.

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What we offer

  • Medical, vision and dental coverage

  • Life and disability insurance

  • Retirement programs (401K employer match and pension plan)

  • Wellness incentives, onsite services, a discount program and more

  • Tuition assistance for undergraduate and graduate degrees

  • Generous Paid Time Off to reenergize

  • Free parking

Equal employment opportunity/affirmative action:

Premera is an equal opportunity/affirmative action employer. Premera seeks to attract and retain the most qualified individuals without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, gender or gender identity, sexual orientation, genetic information or any other protected characteristic under applicable law.

If you need an accommodation to apply online for positions at Premera, please contact Premera Human Resources via email at careers@premera.com or via phone at 425-918-4785.

At Premera, we make healthcare work better. By focusing on improving our customers’ experience purposefully and serving their needs passionately, we make the process easier, less costly, and more positive. Through empathy and advocacy, we change lives.

As the leading health plan in the Pacific Northwest, we provide comprehensive health benefits and services to more than 2 million customers, from individuals to Fortune 100 companies. Our services include innovative programs focused on health management, wellness, prevention, and patient safety. We deliver these programs through health, life, vision, dental, disability, and other related products and services.

Premera Blue Cross is headquartered in Mountlake Terrace, WA, with operations in Spokane and Anchorage. The company has operated in Washington since 1933 and in Alaska since 1952. With more than 80 years of experience in the region, we deliver innovation, choice, and expertise.

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