Actuarial Analyst

Blue Cross and Blue Shield of North Carolina•Remote Flex - North Carolina, SC

1d•$81,068 - $129,708•Hybrid

About The Position

As an Actuarial Analyst, you’ll use actuarial analysis to support pricing, valuation, forecasting, and healthcare economics. You’ll work with a team of actuaries to support health programs and provide technical insights to partners across Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare. This role focuses on Commercial core reserving, including estimating and explaining key liabilities and assets such as unpaid claims and pharmacy accruals.

Requirements

Bachelor's degree or advanced degree (where required)
2+ years of relevant actuarial experience. Related experience may be considered.
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.

Nice To Haves

Short-term reserving experience preferred

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