Note: The job is a remote job and is open to candidates in USA. Blue Cross NC is seeking an Actuarial Analyst to support various actuarial functions including rating, pricing, and financial forecasting. The role involves performing actuarial research, data validation, and providing analytic support to key departments, ensuring informed decision-making and organizational success.
Responsibilities
- 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
Skills
- 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
- Experience in Medicare Part D pricing preferred
- Some experience and technical skills with drug trend modeling and loss‑of‑exclusivity (patent loss) forecasting
- Analytics skills, especially around Prescription drugs modeling
Benefits
- Annual Incentive Bonus*
- 401(k) with employer match
- Paid Time Off (PTO)
- Competitive health benefits and wellness programs
- 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
Company Overview
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. It was founded in 1933, and is headquartered in Durham, North Carolina, USA, with a workforce of 5001-10000 employees. Its website is https://www.bluecrossnc.com/.