Actuarial Analyst
- Employer
- Blue Cross and Blue Shield of North Carolina
- Location
- Durham,NC
- Salary
- Not Specified
- Posted
- May 18, 2017
- Closes
- Jul 19, 2017
- Ref
- 2912934147#GIJ--J2CBackfill.1
- Category
- Actuary
- Job Type
- Not Specified
- Career Level
- Not Specified
Job DescriptionUnder 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, and financial forecasting. Works with a team of actuariesto assure a coordinated approach to the actuarial components of health programs. Provides actuarial support to Network Management, Underwriting, and Sales and Marketing. 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 Hiring Requirements Bachelor s degree Must have at least two years experience in the field of actuarial science and have completed 2-3 exams towards the eventual attainment of the ASA designation. The incumbent is in the actuarial student program and is committed to completing the Society of Actuaries education system courses necessary to attain the ASA designation. Hiring Preferences A degree in actuarial science, mathematics, economics, accounting or other relevant field is preferred. Good analytical and decision-making skills Good communication skills Exposure to Microsoft Excel and Word, Visual Basic, exposure to data retrieval software Strong desire to attain their FSA Company DescriptionIt's an exciting time to work at Blue Cross and Blue Shield of North Carolina. Health care is changing, and we're leading the way. We offer more than health insurance our customers can count on. We are 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.Our company is a not-for-profit with headquarters in Durham and major operations in Winston-Salem and Fayetteville. In all we employ more than 4,500 North Carolinians and serve more than 3.7 million customers.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.