Actuarial Analyst, Consultant
Blue Shield of California
Oakland, CA · Posted October 12, 2026
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Where Oakland, CA ranks
Where Oakland, CA placed in our monthly rankings, month by month. Each month stays online at its own address.
November 2026
- #2Cities with the most hybrid jobs34% · of 100
- #2Cities with the most hybrid jobs in the West Coast34% · of 66
- #7Best all-round cities for remote workers in the West Coast72 / 100 · of 39
- #9Best cities for director and executive jobs in the West Coast23% · of 71
- #10Best cities for energy and utilities jobs86 openings · of 27
- #11Best cities for engineering pay after cost of living$187k · of 94
Rankings about finance jobs
- Best cities for finance jobs #1 New York (1,932 openings)
- Best cities for finance pay after cost of living #1 San Mateo ($162k)
- Most requested AI skills in finance jobs #1 AI tools in daily work (4.3%)
- AI tools named most often in finance jobs #1 Claude (0.55%)
- Employers with the most finance jobs #1 Amazon (475 roles)
Pay compared with the market
This listing does not state pay. Across 30 open actuarial analyst listings that state pay, the middle half runs $83,500 to $106,500 and the median is $102,000.
Listed pay is what employers advertise, not what people are paid.
How AI is used in this kind of work
AI use among actuaries is little observed so far. Measured exposure for actuaries: 5% (little observed).
Share of this job’s tasks that AI is already used for at work, from real usage. It is not a forecast of job loss, and a low number means no use seen yet. Source: Anthropic Economic Index.
Blue Shield of California has filed 8 layoff notices in the last twelve months, covering 60 workers, most recently August 2026. These are public filings with state labor departments, and an open role can sit alongside them. See the filings
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About the job
Your Role
The Pharmacy Finance Analytics team provides analytics and actuarial support for pharmacy pricing, trend, forecasting, rebate analysis, formulary strategy, and financial performance. The Actuarial Analyst, Consultant will report to the Senior Manager, Actuary. In this role you will perform complex analyses to evaluate pharmacy cost drivers, utilization trends, rebate performance, and emerging market dynamics. You will develop forecasting models and support pricing, financial planning, and strategic initiatives that promote affordability and member access. You will partner primarily with Finance, Actuarial, and Pharmacy stakeholders to deliver data-driven recommendations that influence business decisions and improve financial outcomes.
Your Work
In this role, you will:
Analyze pharmacy and healthcare data to identify trends, evaluate financial performance, and support strategic decision-making.
Develop and maintain actuarial, forecasting, and financial models that support pricing, budgeting, and business planning.
Partner with cross-functional stakeholders to assess business opportunities, risks, and the financial impact of key initiatives.
Translate complex analyses into clear, actionable insights for leadership and operational teams.
Support ongoing monitoring of financial results, emerging market trends, and drivers of healthcare cost and utilization.
Contribute to the development of innovative analytic solutions that improve affordability, member outcomes, and business performance.
Lead and support ad hoc analyses, regulatory submissions, and strategic projects across the organization.
Your Knowledge and Experience
Requires a Bachelor’s degree in mathematics, statistics, actuarial science, computer science, or a related field
Requires 7 years of prior relevant experience as an actuary with deep expertise in a primary domain
Requires demonstrated specialist-level knowledge and independently owned complex analyses and deliverables
Requires applied statistical and modeling techniques to improve forecasts, assumptions, and business decisions
Requires evaluation of machine learning model results and feature importance to improve performance over time
Attained ASA, Associate of the Society of Actuaries preferred
Experience analyzing pharmacy trends, drug utilization, rebates, formulary strategies, or pharmacy financial performance is preferred.
Hybrid
This role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week.
Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.