Sr Actuarial Analyst

Blue Cross and Blue Shield of North Carolina

1d • $98,092 - $156,947

About The Position

Blue Cross NC is looking for a Senior Actuarial Analyst who will apply expertise in mathematics, probability, statistics, and business principles to offer assistance and technical support for complex rating/pricing, valuation, healthcare economics, and financial forecasting tasks. This position works with minimal supervision as part of a team of actuaries to ensure a coordinated approach to the actuarial aspects of health programs. The analyst provides actuarial support to departments such as Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare.

Requirements

• Bachelor's degree or advanced degree (where required)
• 4+ years of experience in relevant actuarial experience. Related experience may be considered.
• Must have completed 5 or more 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 requirement, may consider ASA or more exams towards the eventual attainment of ASA.

Nice To Haves

• Base knowledge of SQL and advanced Excel – Highly Preferred
• Experience building complex financial models – Highly Preferred
• Proven ability to communicate complex actuarial concepts to non-actuarial stakeholders and senior management.
• Strong critical thinking and creative problem-solving skills.

Responsibilities

• Performs qualitative and quantitative analysis of data to support development of rating plans and pricing for programs and products.
• Evaluates moderately complex trend analysis.
• Supports the rating process by determining the need for and building actuarial model enhancements.
• Determines reasons for changes in calculated factors and communicates changes to internal stakeholders.
• Reviews and observe appropriateness of actuarial formulae.
• Transmits rate filings to regulatory agencies (NCDOI, CMS)
• Supports valuation by modifying and executing the ALR model.
• Performs ALR assumption studies and calculates impact on calculated reserves.
• Supports development of UCL estimates.
• Assists in the preparation of Annual Actuarial Memorandum, Premium Deficiency Reserve Study, and quarterly and annual statutory results.
• Distributes established reports and responds to inquiries.
• Investigates trends and anomalies.
• Supports resolution of control exceptions and maintains control documentation.
• Participates in requirements gathering for and serves as delegate or backup for corporate projects.
• Generates ideas and analytical approaches for Departmental projects.
• Plans, implements, manages and/or contributes to projects that are moderate/high complexity.
• Is a participant in good standing in the Actuarial Development Program

Benefits

• The opportunity to work at the cutting edge of health care delivery with a team that’s deeply invested in the community.
• Work-life balance, flexibility, and the autonomy to do great work.
• Medical, dental, and vision coverage along with numerous health and wellness programs.
• Parental leave and support plus adoption and surrogacy assistance.
• Career development programs and tuition reimbursement for continued education.
• 401k match including an annual company contribution

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level