Job Description
As an Actuarial Analyst, you'll use actuarial analysis to support pricing, valuation, forecasting, and healthcare economics. You'll work with a team of actuaries to support health programs and provide technical insights to partners across Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare.
This role focuses on Commercial core reserving, including estimating and explaining key liabilities and assets such as unpaid claims and pharmacy accruals.
What You'll Do
Performs actuarial research, experience studies, and statistical analyses and calculations.
Calculates premiums and reserves of new and existing plans of insurance.
Provides support to senior analysts or actuaries as required.
Retrieves and validates data for rate filings and 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).
Retrieves and validates data for monthly reports and for UCL and ALR calculation.
Supports valuation by executing ALR model and verifying results. Researches to support ALR assumption studies and UCL estimates.
Distributes established reports and responds to inquiries. Investigates trends and anomalies.
Executes control activities to support Enterprise Risk Management.
Provides analytic support for corporate and departmental projects.
Is a participant in good standing in the Actuarial Development Program
What You Bring
Bachelor's degree or advanced degree (where required)
2+ years of relevant actuarial experience. Related experience may be considered.
Must have completed at least 3 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 requirements, may consider ASA or more exams towards the eventual attainment of the ASA.
Bonus Points
Short-term reserving experience preferred
We are considering candidates at multiple pre-credentialed and credentialed levels.
What You'll Get
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
Learn more (https://careers.bluecrossnc.com/global/en/benefits) ?
Salary Range
At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs. Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.
*Based on annual corporate goal achievement and individual performance.
$81,068.00 - $129,708.00
Skills
Actuarial Analysis, Actuarial Science, Analytical Support, Data Analysis, Data Verification, Experience Studies, Report Processing, Reports Analysis, Research Analysis, Researching
JOB ALERT FRAUD: We have become aware of scams from individuals, organizations, and internet sites claiming to represent Blue Cross and Blue Shield of North Carolina in recruitment activities in return for disclosing financial information. Our hiring process does not include text-based conversations or interviews and never requires payment or fees from job applicants. All our career opportunities are published on https://bcbsnc.wd5.myworkdayjobs.com/en-US/BCBSNC . If you have already provided your personal information that you suspect is fraudulent activity, please report it to your local authorities. Any fraudulent activity should be reported to: HR.Staffing@BCBSNC.com .
About Us
It's an exciting time to work at Blue Cross and Blue Shield of North Carolina (Blue Cross NC). Health care is changing, and we're leading the way. We offer more than health insurance our customers can count on. We're committed to better health and better health care - in our communities and beyond. Our employees bring energy and creativity to the workplace, and it shows in our innovative approach to improving the health and well-being of North Carolinians.
Blue Cross NC is a fully taxed, not-for-profit company headquartered in Durham, North Carolina. We serve more than 4.3 million members, and we employ more than 5,000 people across the country who are passionate about making health care better for all.
Help us lead the charge for better health care by joining our award-winning team. Discover tremendous opportunities with us to do challenging and rewarding work. Opportunities that can lead you to a fulfilling career, work that can help others lead healthier, happier lives.
Authorization to Work in the United States
We use E-verify to confirm authorization to work in the United States. To learn more about E-Verify, including your rights and responsibilities, please visit E-Verify Overview (https://www.e-verify.gov/employees/e-verify-overview) for English or Visión General de E-Verify (https://www.e-verify.gov/es/empleados/vision-general-de-e-verify) for Español.
Request Accommodations
Blue Cross NC provides reasonable accommodations to applicants with disabilities. If you need a reasonable accommodation for any part of the application or hiring process, please notify HR at HR.Staffing@bcbsnc.com .
Blue Cross NC is a Hybrid Flex company. Whether the role is Hybrid Flex or Remote Flex depends on the nature of the work and distance from our Durham headquarters. We welcome candidates from outside the local area and in any of our approved states:
Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Wisconsin, and Wyoming
