Actuary

Blue Cross Blue Shield of Michigan•Lansing, MI

1d•Remote

About The Position

This position performs advanced actuarial analyses, designs and prepares exhibits, develops recommendations, and communicates findings to business partners and senior management. The Actuary also mentors and trains actuarial analysts. Work includes supporting pricing, loss reserving, product development, reinsurance, capital management, forecasting, and other financial or business purposes. The role works with business units on strategy and metrics, monitors projections and industry trends, and represents the Actuarial department on corporate projects and committees. Work is performed in a virtual office setting with no unusual hazards. Minimal overnight travel is required. The estimated pay range is $107,000 to $179,300; actual compensation depends on factors including internal equity, skills, experience, geographic location, and market conditions.

Requirements

Bachelor's degree in Actuarial Science, Mathematics, or a related area.
ACAS designation required.
At least four years of 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 reinsurance, reserving, ratemaking, financial reporting, capital management, underwriting, and claims practices.
Ability to perform actuarial and statistical analyses.
Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
Ability to communicate effectively with actuaries and non-actuaries verbally, in writing, and through presentations.
Expert skill in Excel and proficiency with Outlook, Word, and PowerPoint.
Ability to learn new software.

Nice To Haves

Pursuit of the FCAS designation.
Programming skills in SQL and/or statistical software such as R or Python.

Responsibilities

Perform actuarial analyses for pricing, loss reserving, product development, reinsurance, capital management, and other financial or business purposes.
Make recommendations and present findings to appropriate audiences through presentations, reports, and pricing tools.
Document work and establish or improve procedures for internal department processes.
Help design, enhance, and maintain pricing, reserving, reinsurance, and forecasting models.
Work with business units to 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, the Company's relative performance, and resulting action plans.
Provide guidance to 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 continuing education requirements, attest as required, and follow the Code of Professional Conduct and relevant actuarial standards of practice.