Actuary - Commercial Insurance (Remote)

Blue Cross Blue Shield of Michigan•Lansing, MI

3d•Remote

About The Position

This position is responsible for performing advanced actuarial analyses, designing and preparing exhibits, developing appropriate recommendations, and communicating with business partners and senior management. The role also involves mentoring and training actuarial analysts.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, or related area.
Requires Associate designation in the CAS or SOA.
Minimum of four (4) years property and casualty actuarial experience.
Excellent oral and written communication skills.
Ability to make competent, independent, decisions.
Advanced knowledge of actuarial principles and practices in one or more of the following areas: reinsurance, reserving, ratemaking, financial reporting, capital management, underwriting, and claims practices.
Ability to perform actuarial and statistical analyses.
Ability to apply the principles of logical thinking to define problem; collect data, establish facts, and draw conclusions.
Excellent communication with others, both actuaries and non-actuaries, verbally, in writing, and via presentations.
Expertly skilled in use of Excel; proficiently skilled in use of Outlook, Word, and PowerPoint.
Ability to learn new software.

Nice To Haves

Pursuit of FCAS designation preferred.
Programming skills in SQL and/or statistical software (e.g. R, Python) preferred.

Responsibilities

Perform actuarial analyses for pricing, loss reserving, product development, reinsurance, capital management, and/or other financial or business purposes.
Communicate effectively: Make recommendations and present findings to appropriate audiences via creation of presentations, reports and pricing tools as applicable.
Document all work and establish or improve procedures for internal department processes.
Help design, enhance, and maintain pricing, reserving, reinsurance and forecasting models.
Work with various business units to help create and drive strategic plans and metrics.
Monitor premium and loss ratio projections and communicate status to business units and senior management.
Monitor industry results and trends and the Company’s relative performance to the industry. Monitor resulting action plans.
Provide guidance and mentor other actuarial analysts.
Represent Actuarial on corporate projects as needed.
Attend meetings and serve on committees as necessary, representing the Actuarial department.
Perform advanced special projects as needed.
Maintain good standing with the Actuarial Society, complete annual CE requirements and attest as required, and follow the Code of Professional Conduct and all relevant actuarial standards of practice.