Actuarial Analyst

About the role

The Commercial Reserving team is seeking an actuarial professional to support financial forecasting, reserve valuation, and healthcare analytics initiatives. In this role, you will apply actuarial principles, statistical analysis, and business acumen to deliver insights that support strategic decision-making and the financial performance of our health plans. Working alongside a collaborative team of actuaries, you will provide actuarial expertise and consultative support to partners across Finance, Underwriting, Sales & Marketing, Network Management, Healthcare, and other business areas.

Responsibilities

• Performs actuarial research, experience studies, and statistical analyses and calculations.
• Calculates premiums and reserves of new and existing plans of insurance.
• Provides support to senior analysts or actuaries as required.
• Retrieves and validates data for rate filings and actuarial models.
• Builds model enhancements and determines reasons for changes to calculated factors.
• Analyzes impacts of changes to product lines and segments.
• Communicates filing status to internal stakeholders and transmits rate filings to regulatory agencies (NCDOI, CMS).
• Retrieves and validates data for monthly reports and for UCL and ALR calculation.
• Supports valuation by executing ALR model and verifying results.
• Researches to support ALR assumption studies and UCL estimates.
• Distributes established reports and responds to inquiries.
• Investigates trends and anomalies.
• Executes control activities to support Enterprise Risk Management.
• Provides analytic support for corporate and departmental projects.
• Is a participant in good standing in the Actuarial Development Program

Requirements

• Bachelor's degree or advanced degree (where required)
• 2+ years of relevant actuarial experience. Related experience may be considered. Will also consider those that are about to graduate or have recently graduated.
• Must have completed at least 3 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 requirements, may consider ASA or more exams towards the eventual attainment of the ASA.
• At this time, Blue Cross NC will not sponsor employment authorization for this position.

Skills

• Actuarial Analysis
• Actuarial Science
• Analytical Support
• Data Analysis
• Data Verification
• Experience Studies
• Report Processing
• Reports Analysis
• Research Analysis
• Researching

Benefits

• 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