Blue Cross and Blue Shield of North Carolina
Actuarial Analyst
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Job Description
Blue Cross NC is seeking an Actuarial Analyst to support rating and pricing, valuation, healthcare economics, and financial forecasting. Under general guidance, this role applies knowledge of mathematics, probability, statistics, and business principles to provide technical actuarial support. The Actuarial Analyst works closely with a team of actuaries to ensure a coordinated approach to health program analysis and provides support to Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare teams.
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
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- 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.
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
Where You’ll Work
Our Hybrid Flex approach is built on presence with a purpose – giving you flexibility to work remotely with intentional in-person connection – that supports a workplace that’s flexible, connected, and future focused.
In a Hybrid-Flex role, you’ll work in the office at least two days a week for collaboration and connection. In a Remote Flex role, you’ll work virtually, with a few in-office visits each year for meaningful moments that matter.
Whether your 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 states listed on this job posting. Onsite expectations will be discussed during the interview process.
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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.
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