Risk Adjustment Actuary

The Impact You Will Have

Blue Cross and Blue Shield of Minnesota is hiring a Risk Adjustment Actuary in Eagan, MN. This role is part of the Risk Adjustment Analytics team, which supports enterprise-wide initiatives across Medicare, ACA Commercial, and Medicaid. This position serves as a key technical leadership role on the team, guiding actuarial assumption development and analysis that support enterprise decision-making.

Responsibilities

• Research, analyze and interpret actuarial and statistical data and provide technical assistance to other departments. This includes identifying issues to be researched, determining affected areas, estimating the impact, and leading the resolution.
• Develop mathematical models in connection with other departments to predict impact of proposed changes. May also be involved in the design of these models.
• Understand/interpret the financial impact of decisions made by retrieving and analyzing claim costs, revenue, and/or other relevant data. Participate in the design and implementation of new products and system enhancements by providing data and recommendations to assist in evaluating the impact of the proposed benefit, system, or process changes.
• Responsible for divisional representation on corporate projects and may have leadership roles on these teams. Independently manage, which may include directing other staff, the retrieval and analysis of data on multiple tasks or projects with little or no management involvement.
• Act as a resource for other members of the department/division on business issues and may be responsible for training and guidance of Actuarial support personnel or Analysts. Makes satisfactory progress according to the Actuarial Student Program guidelines.
• Other specific accountabilities as assigned by management.

Required Skills and Experience

• 5+ years of related professional experience. All relevant experience including work, education, transferable skills, and military experience will be considered.
• ASA or above.
• Strong oral and written communication skills.
• Excellent PC skills. Knowledge of data retrieval languages.
• Knowledge of BCBSM databases or industry knowledge.
• High school diploma (or equivalency) and legal authorization to work in the U.S.

Preferred Skills and Experience

• Bachelor's degree.
• FSA preferred.
• 3+ years of risk adjustment (RA) actuarial experience preferred.
• Demonstrated knowledge of recent CMS risk adjustment model changes and implications.
• Experience independently analyzing complex data and leading multiple risk adjustment-related projects with minimal oversight.
• Proven ability to develop and refine risk adjustment assumptions, including applying insights from evolving data and regulatory environments.
• Ability to assess the broader risk adjustment landscape and translate findings into clear, actionable assumptions and recommendations.
• Recognized as a subject matter resource for risk adjustment assumption development and strategy.