Job Description
As a Principal Actuary, you will leverage your advanced expertise in mathematics, probability, statistics, and health insurance to tackle complex rating/pricing, valuation, and financial forecasting challenges. You will collaborate with a dedicated team of actuaries to ensure a cohesive approach to the actuarial aspects of health programs. Your role will also involve providing critical actuarial support to Network Management, Underwriting, and Sales and Marketing teams. Additionally, you may take on leadership responsibilities, particularly for specific projects, guiding and mentoring your team to achieve excellence.Actively contributes to the success of the Actuarial Services team.
Responsible for handling highly complex actuarial modeling.
Leads and/or provides consultative support to assigned projects and is viewed as an expert in the field.
Assists in Rating/Pricing
Develop/Maintain rating models
Perform Medical Trend analysis
Support Administrative Expense factor development
Conduct Experience Studies
Conduct Rating Factor Studies
Support Rate Filing development
Assists in support for Financial Forecasting
Works with FP&A to support development of Plan forecast for assigned segments
Assists in support for Network Management
Support evaluation of financial impacts of provider contract changes
Assists in support for Underwriting (all segments)
Provide ad hoc support for underwriting requests
Assists in support for Sales and Marketing
Provide support for new product development
Provide support for new/existing product programs
Continuing Education
Responsible for maintaining continuing education requirements as set by the appropriate Actuarial governing body (i.e. Society of Actuaries)
Is a participant in good standing in the Actuarial Development Program, if still pursuing the FSA designation
Hiring Requirements
Bachelor's degree or advanced degree (where required)
Associate of the Society of Actuaries(ASA) and Member of the American Academy of Actuaries (MAAA)
5+ years of experience in related field
In lieu of an ASA, alternate actuarial credentials may be considered.
In lieu of 5 years of experience, may consider candidates who are Fellows of the Society of Actuaries (FSA).
Nice to haves
Advanced skills in SQL
Advanced Analytical Problem-Solving Skills
Strong Communication Skills
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.
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