Associate Actuary

BlueCross BlueShield of South Carolina•Colorado Springs, CO

16h•Remote

About The Position

Maintains actuarial reporting systems, analyzes actuarial reports, summarizes reports, and provides recommendations. Location: This position is full-time (40-hours/week) Monday-Friday in a typical office environment. This role is remote. Position Purpose: Maintains actuarial reporting systems, analyzes data, summarizes findings, and provides recommendations to support key actuarial functions.

Requirements

Bachelor's degree in a job-related field.
An Associate of the Society of Actuaries (ASA) or Associate of the Casualty Actuarial Society (ACAS).
5 Years Actuarial experience.
Associate of the Society of Actuaries or the Casualty Actuarial Society.
Knowledge of actuarial principles, procedures, and regulations.
Strong mathematical and analytical skills.
Excellent communication and organizational skills with the ability to effectively prioritize.
Ability to handle confidential or sensitive information with discretion.

Responsibilities

Compiles monthly and quarterly actuarial reports.
Extracts complex data into spreadsheet form.
Performs profitability analysis and determination of appropriate level and rates for various lines of business.
Reviews state insurance department rate filings, making premium comparisons with competing companies and adjusting prior company experience to reflect future contingent liabilities for the purpose of pricing a revision to an existing product or rate level.
Correctly prepares and documents rate filings and other submissions to state regulatory authorities.
Files rate, rule, and form revisions along with annual required filings.
Completes ad hoc reporting for financial and insurance data by state insurance departments and provides input to state insurance departments on proposed legislation.
Develops actuarial computer models and technically supports the actuarial staff.
Serves as a liaison to the information systems department.
Accurately determines reserves for reported and unreported liabilities.
Establishes the review of various methodologies used to promulgate these reserves as well as provides both written and oral support of carried reserves to regulators, independent actuaries and auditors, and other examiners.
Recommends follow-up studies as needed.
Directs, motivates, and develops other Actuarial Team members.