About the role

  • Principal Actuary at Blue Cross NC collaborating with a team to deliver technical support for health insurance pricing and financial forecasting.

Responsibilities

  • 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.
  • 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.

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).
  • Value Based Care experience a plus.
  • Expert-level knowledge of SQL and advanced Excel – Highly Preferred.
  • Experience building complex financial models – Highly Preferred.
  • Proven ability to communicate complex actuarial concepts to non-actuarial stakeholders and senior management.
  • Strong critical thinking and creative problem-solving skills.

Benefits

  • 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.
  • Work-life balance, flexibility, and the autonomy to do great work.

Job title

Principal Actuary

Job type

Experience level

Lead

Salary

$118,691 - $189,906 per year

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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