Rotational Apprentice - Actuarial Services

Deep Roots. Solid Growth. Caring People. Rooted in Wyoming! We are Blue Cross Blue Shield Wyoming: a not-for-profit health insurer with offices throughout the state. Ever since a small group of caring, persistent Wyoming women helped us put down roots in 1945, everything we do is aimed at better health care for the people of Wyoming. Our Vision:
We envision a future where integrity, compassion, and trust define a local health insurance experience. Committed to doing the right thing for our members, employees, and community, we strive to protect and contribute to the health and care of all we serve. Our Mission: provide our members with access to local health insurance solutions that prioritize health, care, and well-being for those who call Wyoming home.

If our passion and purpose resonate with you, you may be who we are looking for.

As a Rotational Apprentice – Actuarial Services with the BCBSWY Actuarial Team, you will play an essential role in supporting the Actuarial Services department through structured training and hands-on analytical work related to health insurance pricing, underwriting, reserving, forecasting, financial planning, reporting, and regulatory activities. You will participate in a rotational program designed to build a broad understanding of our business.

In addition to actuarial, the apprentice will complete rotations in small group underwriting, large group underwriting, finance, and audit/enterprise risk management, gaining exposure to both technical and business-focused work while supporting real-world projects in each department.

• Assisting with actuarial analyses to support premium rate development, product pricing, and benefit changes;
• Supporting the development and monitoring of claim reserves (including IBNR), accruals, and other actuarial liabilities;
• Preparing and validating data for state and federal rate filings and other regulatory submissions;
• Maintaining and running existing actuarial models and tools;
• Providing analytical support to underwriting, finance, network/clinical, and product teams on defined tasks.

In this role, you will gain knowledge, skills, and experience as you interact with highly qualified team members, and have the opportunity to apply these competencies to improve actuarial workflows.

To be successful in this role, you’ll need to have an excellent mathematical background with a strong knowledge of statistical principles; the ability to analyze data using spreadsheets, databases and other software tools; be detail-oriented with strong organizational and time management abilities; be goal oriented; and have excellent communication and interpersonal skills. A bachelor’s degree in Actuarial Science is preferred. Degrees in Mathematics, Statistics, Data Science, Economics, or a related quantitative field will also be considered.

Preference will be given to applicants with progress toward actuarial credentials (e.g. completion of SOA actuarial exams).

• Best-In-Class Health Insurance at minimal to no-cost for BCBSWY employees!
• PLUS many other benefits along with highly competitive compensation!
• Our compensation program is reviewed for competitive market match on an annual basis and employees are eligible for annual merit increases.
• Monthly incentives that are based on individual and company performance are also available to eligible employees and members of our Sales Team can realize generous performance-based commissions.
• At BCBSWY our employees are provided best-in-class benefits to support their physical, financial, and emotional wellness.
• These benefits include medical, dental, vision, 401(k), life insurance, paid time off (PTO),…