Actuarial Analyst - P&C

Blue Cross Blue Shield of Michigan•Lansing, MI

About The Position

This position is responsible for supporting the company’s Actuarial functions. The core actuarial functions include pricing, reserving, reinsurance analysis, and forecasting. Additional responsibilities include management reporting, competitor analysis, strategy support, financial data calls, and other ad hoc projects. This position requires the understanding of insurance and business operations within Emerging Markets including, AF Group and COBX.

Requirements

Bachelor’s degree required, preferably in actuarial science, mathematics, or a related field.
Successful completion of at least one CAS/SOA examination is required.
Ability to communicate actuarial concepts and conclusions to non-actuaries.
Ability and proficiency in the use of computers and Company standard software specific to position.
Ability to work both independently and as part of a team.
Knowledge of mathematics and statistics with the ability to perform mathematical computations.
Ability to apply the principles of logical thinking to define problems, collect data, identify trends and draw conclusions.

Nice To Haves

Actuarial experience is preferred.
With proper education credentials, no experience is required

Responsibilities

Gather and organize data and perform analyses for pricing, loss reserving, product development, reinsurance, capital management, and/or other financial or business purposes.
Make recommendations and present findings to appropriate audiences.
Assist in rate review analyses including calculation of rate indications and various actuarial assumptions, communicating to underwriting leadership in both written and presentation formats.
Compile rate pages and rate filing support for designated line(s) of business.
Respond to questions or objections from state insurance departments with guidance.
Develop and refine reports related to pricing, loss reserving, dividend and retro premium accruals, industry financial information, competitor rate filings, reinsurance recoverable, or other business purposes.
Update assumptions, parameters, and formulas in pricing and reserving tools.
Combine data from multiple sources to fulfill financial data call reporting requirements.
Use bureau tools and forms to validate and submit financial call data.
Research and resolve rating bureau inquiries, criticisms, and error reports related to financial data calls using appropriate combination of explanation and error correction.
Perform ad hoc projects as required.
Meet required deadlines.
Document work performed.
Exercise discretion when communicating outside of the department and maintain confidentiality of information processed as appropriate.