Actuarial Analyst

This is a fully remote position, open to applicants in Alabama, +22 more states.

📋 Description

• Conduct actuarial research, experience studies, and perform statistical analyses and calculations.

• Compute premiums and reserves for both new and existing insurance products.

• Assist senior analysts or actuaries in their tasks.

• Gather and verify data for rate filings and actuarial models.

• Develop model enhancements and analyze reasons behind changes to calculated factors.

• Evaluate the impacts of modifications to product lines and segments.

• Update internal stakeholders on filing status and submit rate filings to regulatory agencies, such as NCDOI and CMS.

• Collect and verify data for monthly reports as well as UCL and ALR calculations.

• Aid valuation by executing the ALR model and confirming results.

• Conduct research to support ALR assumption studies and UCL estimates.

• Distribute established reports and address inquiries.

• Examine trends and anomalies.

• Implement control activities that support Enterprise Risk Management.

• Deliver analytical support for corporate and departmental initiatives.

• Engage actively in the Actuarial Development Program.

• Offer actuarial expertise and consultative assistance to Finance, Underwriting, Sales & Marketing, Network Management, Healthcare, and other business sectors.

⛳️ Requirements

• A bachelor's degree or an advanced degree (if applicable).

• A minimum of 2 years of relevant actuarial experience; related experience may also be considered.

• Candidates nearing graduation or recent graduates may be eligible for consideration.

• Completion of at least 3 exams towards the eventual achievement of the ASA designation.

• Additional relevant experience may be taken into account in place of the minimum exam requirements.

• ASA designation or additional exams towards obtaining the ASA may be accepted in lieu of minimum experience requirements.

• Blue Cross NC will not provide sponsorship for employment authorization for this position.

🏝️ Benefits

• Work-life balance, flexibility, and autonomy.

• Comprehensive medical, dental, and vision coverage.

• Health and wellness initiatives.

• Parental leave and support services.

• Assistance for adoption and surrogacy.

• Opportunities for career development.

• Tuition reimbursement for continuing education.

• 401(k) matching, including an annual company contribution.

• Annual incentive bonus.

• Paid Time Off (PTO).