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Principal Actuary

Remote:

Full Remote

Contract:

Full time

Salary:

91 - 164K yearly

Experience:

Senior (5-10 years)

Work from:

Georgia (country), Alabama (USA), Arizona (USA), Arkansas (USA), Colorado (USA), Florida (USA), Idaho (USA), Indiana (USA), Iowa (USA), Kansas (USA), Kentucky (USA), Louisiana (USA), Maryland (USA), Michigan (USA), Missouri (USA)...

Offer summary

Qualifications:

Bachelor's or advanced degree required, ASA and MAAA credentials needed, 5+ years of related experience, Alternative actuarial credentials considered, FSA candidates acceptable without 5 years.

Key responsabilities:

Provide technical support for rating/pricing
Assist with complex actuarial modeling
Support financial forecasting and network management
Contribute to new product development
Maintain continuing education requirements

Blue Cross NC Insurance XLarge https://www.bluecrossnc.com/

5001 - 10000 Employees

See more Blue Cross NC offers

Job description

Job Description

The Principal Actuary will apply advanced knowledge of mathematics, probability, statistics, health insurance, and principles of business in order to provide assistance and technical support for extensive and more complex rating/pricing, valuation, and financial forecasting. Works with a team of actuaries to assure a coordinated approach to the actuarial components of health programs. Provides actuarial support to Network Management, Underwriting, and Sales and Marketing. May have team leadership responsibilities, especially on specific projects.

Actively contributes to the success of the Actuarial Services team.
Responsible for handling highly complex actuarial modeling.
Leads and/or provides consultative support to assigned projects and is viewed as an expert in the field.
Assists in Rating/Pricing
Develop/Maintain rating models
Perform Medical Trend analysis
Support Administrative Expense factor development
Conduct Experience Studies
Conduct Rating Factor Studies
Support Rate Filing development
Assists in support for Financial Forecasting
Works with FP&A to support development of Plan forecast for assigned segments
Assists in support for Network Management
Support evaluation of financial impacts of provider contract changes
Assists in support for Underwriting (all segments)
Provide ad hoc support for underwriting requests
Assists in support for Sales and Marketing
Provide support for new product development
Provide support for new/existing product programs
Continuing Education
Responsible for maintaining continuing education requirements as set by the appropriate Actuarial governing body (i.e. Society of Actuaries)
Is a participant in good standing in the Actuarial Development Program, if still pursuing the FSA designation

Hiring Requirements

Bachelor's degree or advanced degree (where required)
Associate of the Society of Actuaries(ASA) and Member of the American Academy of Actuaries (MAAA)
5+ years of experience in related field
In lieu of an ASA, alternate actuarial credentials may be considered.
In lieu of 5 years of experience, may consider candidates who are Fellows of the Society of Actuaries (FSA).

Preferred Skills/Experience