Actuarial Director – Government Programs

Blue Cross and Blue Shield of Minnesota

Actuarial Director overseeing Medicaid and Medicare products at Blue Cross Minnesota. Leading a team to manage actuarial activities, influence rate adequacy, and ensure regulatory compliance.

Posted 6/26/2026full-timeEagan • Minnesota • 🇺🇸 United StatesLead💰 $152,900 - $267,700 per yearWebsite

About the role

Key responsibilities & impact

Serve as the actuarial line of business owner for specified market segment products (Medicaid, Medicare Cost, Medicare Supplement).
Manage a team responsible for all actuarial activities including budgeting, forecasting, trend analysis and revenue/cost driver identification and evaluation.
Communicate with executive leadership in an effective and straightforward manner, serving as a thought leader in the management of financial risk.
Partner with DHS and their contracted actuaries to influence rate adequacy, assess financial implications of proposed methodologies, and advocate for accurate reflection of risk, trends, and program changes.
Collaborate with underwriting, product, marketing and sales to maintain product viability and financial soundness.
Oversee Managers who serve as the primary contacts with regulators for rate and annual filings.
Stay abreast of regulatory changes, ensuring all responsibilities are addressed.
Provide insightful research, analysis and interpretation of actuarial and statistical data.

Requirements

What you’ll need

10+ years of experience in the areas of actuarial, finance or related field, including experience in managed care.
5+ years of staff, team lead and/or project lead experience.
2+ years in-depth experience with market segment products (Medicaid, Medicare Cost, Medicare Supplement).
FSA or ASA designation.
MAAA designation.
Experience working with cross-functional teams and juggling multiple client priorities in a fast-paced environment.
Demonstrated delegation and management skills.
Demonstrated ability to influence executive level leaders with in-depth data and analysis.
Outstanding oral and written communication skills, including ability to story tell and articulate financial analysis to non-financial colleagues.
High school diploma (or equivalency) and legal authorization to work in the U.S.

Benefits

Comp & perks

Medical, dental, and vision insurance
Life insurance
401k
Paid Time Off (PTO)
Volunteer Paid Time Off (VPTO)
And more

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

actuarial analysisbudgetingforecastingtrend analysisrevenue driver identificationcost driver evaluationfinancial risk managementdata analysisstatistical analysismanaged care

Soft Skills

team leadershipcommunicationinfluencecollaborationdelegationmanagementstorytellingarticulation of financial analysisprioritizationadaptability

Certifications

FSAASAMAAA