Actuarial Associate

Blue Cross and Blue Shield of North Carolina•St. David's, SC

3d•$66,998 - $107,197•Hybrid

About The Position

Join the Commercial Reserving team as an Actuarial Associate and develop actuarial expertise while supporting financial and healthcare initiatives. Under the guidance of experienced actuaries, apply mathematics, probability, statistics, and business principles to support reserve valuation, financial forecasting, healthcare economics, and rating and pricing activities. Collaborate with actuarial partners and cross-functional teams, including Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare. Provide analysis and technical support that informs health programs and business decisions.

Requirements

Bachelor's degree or advanced degree where required.
0–2 years of experience in a related field.
Enrollment in the actuarial student program and commitment to completing the Society of Actuaries education system courses necessary to attain the ASA designation.

Responsibilities

Analyze financial, statistical, and mathematical data and perform actuarial calculations.
Assist in determining pricing, reserves, and/or cash flow projections.
Assist with rate studies used to determine rate adequacy.
Assist with actuarial research, experience studies, and statistical analyses and calculations.
Provide support to senior analysts or actuaries as required.
Retrieve and validate data for rate filings and actuarial models.
Assist senior staff in building model enhancements and determine reasons for changes to calculated factors.
Distribute established reports and respond to inquiries.
Investigate trends and anomalies.
Support Enterprise Risk Management.
Provide analytic support for corporate and departmental projects.
Participate in good standing in the Actuarial Development Program.