The Actuarial Associate will under general guidance and supervision, applies knowledge of mathematics, probability, statistics, and principles of business in order to provide assistance and technical support for rating/pricing, valuation, healthcare economics and/or financial forecasting. Works with a team of actuaries to assure a coordinated approach to the actuarial components of health programs. Provides actuarial support to Network Management, Underwriting, Sales and Marketing, Finance, and/or Healthcare.
Performs actuarial research, experience studies, and statistical analyses and calculations using Excel, SQL, and SAS.
Calculates premiums, risk scores, and reserves of new and existing plans of insurance.
Provides support to senior analysts or actuaries as required.
Retrieves and validates data for actuarial models. Builds model enhancements and determines reasons for changes to calculated factors. Analyzes impacts of changes to product lines and segments.
Communicates filing status to internal stakeholders and transmits rate filings to regulatory agencies (NCDOI, CMS).
Distributes established reports and responds to inquiries. Investigates trends and anomalies.
Provides analytic support for corporate and departmental projects.
Hiring Requirements
Bachelor's degree or advanced degree (where required)
0-2 years of experience in related field
Must have completed at least 1 exam towards the eventual attainment of the ASA designation.
Preferred Skills And Experience
Strong organizational skills, and the ability to manage time-sensitive projects.
Ability to think creatively and strategically, leveraging business and industry knowledge to drive change and mitigate complex risks.
Adaptive and versatile learner, with the ability to communicate effectively and react quickly to changing business dynamics.
This specific position would focus on providing pricing, forecasting, and strategic support for all Blue Cross NC Medicare products. We are considering candidates at multiple pre-credentialed levels.
Salary Range
$56,800.00 - $90,900.00
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
Industries
Insurance
Referrals increase your chances of interviewing at Blue Cross NC by 2x