Consulting Actuary - Pharmacy

$143.62K - $229.79K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Posted 8 days ago


Blue Cross and Blue Shield of North Carolina rating

7.8

Company rating: 7.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

163rd of 257 rated insurance


Job description

Job Description

The Consulting Actuary - Pharmacy serves as a senior-level individual contributor within the Pharmacy Analytics team, supporting the organization's pharmacy strategy through advanced actuarial and analytical expertise. This role is responsible for performing complex actuarial analyses, generating actionable insights, and informing strategic decision-making to drive business outcomes.
This position collaborates closely with cross-functional stakeholders and other actuarial teams to ensure alignment with enterprise priorities and to deliver high-quality, data-driven solutions. In addition, the Consulting Actuary provides guidance and oversight to junior team members, supporting the development of talent and ensuring consistent, accurate, and timely deliverables.

What You'll Do

  • Communicate effectively with all levels and divisions within the organization, including Divisional Leadership

  • Supports pharmacy rebate trend and forecasting.

  • Monitors and forecasts pharmacy profitability and communicates this information to leadership.

  • Provides actuarial support for corporate pharmacy initiatives.

  • Communicates and collaborates effectively with key pharmacy stakeholders, including senior leadership, on relevant pharmacy topics.

  • Monitors industry news and ensures the company is competitively well-positioned in a dynamic marketplace.

  • Proactively reviews advanced data analytic methods and identifies opportunities to improve team processes.

  • Works effectively with external vendors, including PBM partner contacts.

  • Represents actuarial team during meetings with management from other functional areas.

  • Performs other duties and special projects as required.

  • Meet continuing education standards required for job function, thought leadership and maintenance of actuarial credentials

What You Bring

  • Bachelor's degree or advanced degree (where required)

  • Member of the American Academy of Actuaries

  • Fellow of the Society of Actuaries

  • 7 years of relevant actuarial experience, related experience may be considered.

  • In lieu of an FSA, will consider candidates who are an Associate of the Society of Actuaries (ASA) and have at least 9 years of relevant actuarial experience.

Bonus Points

  • Experience with Pharmacy Analytics is Highly Preferred

What You'll Get

  • The opportunity to work at thecutting edgeof health care delivery with a teamthat'sdeeply invested in the community.

  • Work-life balance, flexibility, and the autonomy to dogreat work

  • Medical, dental, and vision coverage along withnumeroushealth and wellness programs.

  • Parental leave and support plus adoption and surrogacyassistance

  • Career development programs and tuition reimbursement for continued education

  • 401k match including an annual company contribution

  • Learn more

Salary Range

At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs.Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.

*Based on annual corporate goal achievement and individual performance.

$143,616.00 - $229,786.00

Skills

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Frequently asked questions

Q: What skills or qualities help someone succeed as a Consulting Actuary?

A: To succeed as a Consulting Actuary, one must possess strong technical skills in areas such as probability theory, statistical modeling, and data analysis, as well as proficiency in actuarial software and programming languages like R or Python. Additionally, effective communication, problem-solving, and analytical skills are crucial for interpreting complex data and presenting findings to clients, while also being adaptable and able to navigate diverse business environments. These strengths enable Consulting Actuaries to provide valuable insights and recommendations, driving business growth and informing strategic decisions.

Q: What is the career path for a Consulting Actuary?

A: A Consulting Actuary's career path typically begins with entry-level roles such as Actuarial Analyst or Junior Consultant, where they develop foundational skills in data analysis, modeling, and communication. As they gain experience, they progress to mid-level roles like Senior Consultant or Actuarial Manager, where they lead projects, mentor junior staff, and develop expertise in specialized areas like risk management or product development. Senior-level roles, such as Partner or Director, involve strategic leadership, business development, and thought leadership, offering opportunities for long-term career growth and potential directions into executive or entrepreneurial roles.



Blue Cross and Blue Shield of North Carolina job posting for a Consulting Actuary - Pharmacy in Columbus, OH with a salary of $143,616 to $229,786 Annually and benefits including Medical, Vision, Dental, PTO, and Retirement with a map of Columbus location.