Actuarial Analyst II

Horizon Blue Cross Blue Shield of New Jersey empowers our members to achieve their best health. For over 90 years
, we have been New Jersey's health solutions leader driving innovations that improve health care quality, affordability, and member experience. Our members are our neighbors, our friends, and our families. It is this understanding that drives us to better serve and care for the 3.5 million people who place their trust in us. We pride ourselves on our best-in-class employees and strive to maintain an innovative and inclusive environment that allows them to thrive.

When our employees bring their best and succeed, the Company succeeds.

This mid-level analyst role performs actuarial analysis for Horizon's Medicaid business, including reserving and valuation, forecasting, experience analysis, and rate advocacy. This role applies actuarial techniques and data analysis to evaluate medical cost trends, utilization, program performance, while collaborating with actuarial leadership and cross-functional partners.

• Support forecast development and financial projections, reserves and analytics for the Medicaid lines of business.
• Assess the impact of proposed state and federal legislative changes.
• Perform experience analysis for Medicaid products, including medical cost, utilization, and trend components. Monitor emerging experience and identify drivers of variance from expected results.
• Prepare actuarial exhibits, summaries, and documentation for internal leadership and external stakeholders.
• Provide support for additional actuarial projects as requested.
• Assist with Medicaid quarterly financial reporting, certifications, and responses to state inquiries.
• Support analysis related to benefit changes, policy updates, and regulatory requirements.
• Evaluate the financial impact of program changes, quality initiatives, and value-based arrangements.
• Ensure analyses align with CMS and state Medicaid guidelines.

• Develop, maintain, and enhance actuarial models used for Medicaid analysis.
• Validate data sources and ensure accuracy, consistency, and reasonableness of results.
• Apply actuarial judgment in selecting assumptions and methodologies under guidance from senior staff.

• Partner with Finance, Network, Clinical, and Operations teams to support Medicaid initiatives.
• Communicate analytical results clearly to nonactuarial stakeholders.
• Respond to ad-hoc data requests and analytic questions related to Medicaid performance.

Education/

Experience:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.
• 2-4 years of actuarial or analytical experience.
• Experience with Medicaid or other government programs health insurance preferred.
• Strong analytical, problem‑solving, quantitative skills, and written and verbal communication skills.
• Proficiency in Excel and exposure to actuarial or data tools (e.g., SQL, SAS, R, Python, or similar).
• Working toward an ASA is highly preferred.

Additional licensing, certifications, registrations:

• Associate of the Society of Actuaries (ASA) preferred.

Knowledge

• Familiarity with capitation rate development and regulatory filings highly preferred.
• Demonstrated overachieving through commitment to execution, accountability, results, and curiosity mindset.
• Expert knowledge of Excel.
• Advanced proficiency with SAS or SQL.

Skills and Abilities

• Analytical thinking and attention to detail.
• Developing actuarial judgment.
• Ability to manage multiple priorities and deadlines.
• Collaboration and effective communication.
• Commitment to continuous learning and professional growth.

At Horizon, you'll do meaningful work that directly improves lives—while being supported by a mission-driven organization that values expertise, collaboration, and growth. We believe that when our people thrive, our communities do too. If you are passionate about making an impact, we'd love to hear from you!

$79,100 - $105,945

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not…