Sr Actuarial Analyst

Job Description

Blue Cross NC is looking for a Senior Actuarial Analyst who will apply expertise in mathematics, probability, statistics, and business principles to offer assistance and technical support for complex rating/pricing, valuation, healthcare economics, and financial forecasting tasks. This position works with minimal supervision as part of a team of actuaries to ensure a coordinated approach to the actuarial aspects of health programs. The analyst provides actuarial support to departments such as Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare.

What You’ll Do

• Performs qualitative and quantitative analysis of data to support development of rating plans and pricing for programs and products.

• Evaluates moderately complex trend analysis.

• Supports the rating process by determining the need for and building actuarial model enhancements.  Determines reasons for changes in calculated factors and communicates changes to internal stakeholders.

• Reviews and observe appropriateness of actuarial formulae.

• Transmits rate filings to regulatory agencies (NCDOI, CMS)

• Supports valuation by modifying and executing the ALR model.  Performs ALR assumption studies and calculates impact on calculated reserves.  Supports development of UCL estimates.

• Assists in the preparation of Annual Actuarial Memorandum, Premium Deficiency Reserve Study, and quarterly and annual statutory results.

• Distributes established reports and responds to inquiries.  Investigates trends and anomalies.

• Supports resolution of control exceptions and maintains control documentation.

• Participates in requirements gathering for and serves as delegate or backup for corporate projects.  Generates ideas and analytical approaches for Departmental projects. 

• Plans, implements, manages and/or contributes to projects that are moderate/high complexity.

• Is a participant in good standing in the Actuarial Development Program

What You Bring

• Bachelor's degree or advanced degree (where required)

• 4+ years of experience in relevant actuarial experience. Related experience may be considered.

• Must have completed 5 or more exams towards the eventual attainment of the ASA designation.

• In lieu of meeting minimum exam requirements, may consider additional relevant experience.

• In lieu of meeting minimum experience requirement, may consider ASA or more exams towards the eventual attainment of ASA.

Bonus Points

• Base knowledge of SQL and advanced Excel – Highly Preferred

• Experience building complex financial models – Highly Preferred

• Proven ability to communicate complex actuarial concepts to non-actuarial stakeholders and senior management.

• Strong critical thinking and creative problem-solving skills.

What You’ll Get

• The opportunity to work at the cutting edge of health care delivery with a team that’s deeply invested in the community.

• Work-life balance, flexibility, and the autonomy to do great work.

• Medical, dental, and vision coverage along with numerous health and wellness programs.

• Parental leave and support plus adoption and surrogacy assistance.

• Career development programs and tuition reimbursement for continued education.

• 401k match including an annual company contribution 

• Learn more   

Salary Range

At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets,  licensure and certifications and other business and organizational needs. Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs. 

*Based on annual corporate goal achievement and individual performance.
 

$98,092.00 - $156,947.00

Skills

Actuarial Analysis, Actuarial Consulting, Actuarial Science, Business Analysis, Complex Project Management, Financial Modeling, Hiring Management, People Management, Risk Assessments, Valuation Analysis

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JOB ALERT FRAUD: We have become aware of scams from individuals, organizations, and internet sites claiming to represent Blue Cross and Blue Shield of North Carolina in recruitment activities in return for disclosing financial information. Our hiring process does not include text-based conversations or interviews and never requires payment or fees from job applicants. All our career opportunities are published on https://bcbsnc.wd5.myworkdayjobs.com/en-US/BCBSNC. If you have already provided your personal information that you suspect is fraudulent activity, please report it to your local authorities. Any fraudulent activity should be reported to: HR.Staffing@BCBSNC.com.