Actuarial Associate

NC Health Affiliates LLC DBA Blue Cross NC; North Carolina; Hybrid; USD 67,000 - 107,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Parental leave and adoption/surrogacy

Tuition reimbursement and career dev

401k match and annual company contrib

PTO and wellness programs

Job summary

Blue Cross and Blue Shield of North Carolina is seeking an Actuarial Associate to support reserve valuation, financial forecasting and health program pricing. You will work with cross-functional teams and gain exposure to actuarial calculations and rate studies.

The role emphasizes learning under experienced actuaries, participation in the Actuarial Development Program, and opportunities to contribute to enterprise risk management and strategic projects.

Qualifications

• Bachelor's degree or advanced degree (where required).
• 0-2 years of experience in related field.
• Enrolled in the actuarial student program and committed to completing SOA education for ASA designation.
• Blue Cross NC will not sponsor employment authorization for this position.

Responsibilities

• Analyzes financial, statistical and mathematical data and performs actuarial calculations.
• Assist in pricing, reserves and/or cash flow projections.
• Assist in rate studies used to determine rate adequacy.
• Support actuarial research, experience studies, and statistical analyses.
• Provide support to senior analysts or actuaries as required.
• Retrieve and validate data for rate filings and actuarial models.
• Assist in model enhancements and explain changes to factors.
• Distribute reports and respond to inquiries.
• Investigate trends and anomalies.
• Support Enterprise Risk Management.
• Provide analytic support for corporate projects.
• Participate in the Actuarial Development Program.

Skills

Actuarial Analysis

Actuarial Science

Analytical Support

Data Analysis

Data Verification

Experience Studies

Report Processing

Reports Analysis

Research Analysis

Researching

Education

Bachelor's degree

Advanced degree (where required)

Enrolled in actuarial student program

Job description

Job Description Join our Commercial Reserving team as an Actuarial Associate and build your actuarial expertise while supporting key financial and healthcare initiatives. Working under the guidance of experienced actuaries, you’ll apply your knowledge of mathematics, probability, statistics, and business principles to support reserve valuation, financial forecasting, healthcare economics, and rating and pricing activities. You’ll collaborate with actuarial partners and cross-functional teams, including Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare, to provide analysis and technical support that informs health programs and business decisions.

What You’ll Do

• Analyzes financial, statistical and mathematical data and performs actuarial calculations.
• May assist in the determination of pricing, reserves and/or cash flow projections.
• Assists in performing rate studies used in determining rate adequacy.
• Assists in actuarial research, experience studies, and statistical analyses and calculations.
• Provides support to senior analysts or actuaries as required.
• Retrieves and validates data for rate filings and actuarial models.
• Assists senior staff in the building of model enhancements and determines reasons for changes to calculated factors.
• Distributes established reports and responds to inquiries.
• Investigates trends and anomalies.
• Supports 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

• Bachelor's degree or advanced degree (where required)
• 0-2 years of experience in related field
• Enrolled in the actuarial student program and is committed to completing the Society of Actuaries education system courses necessary to attain the ASA designation.
• At this time, Blue Cross NC will not sponsor employment authorization for this position.

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.

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. $66,998.00 - $107,197.00

Skills

Actuarial Analysis, Actuarial Science, Analytical Support, Data Analysis, Data Verification, Experience Studies, Report Processing, Reports Analysis, Research Analysis, Researching

About Us

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. We offer more than health insurance our customers can count on. We’re 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. Blue Cross NC is a fully taxed, not-for-profit company headquartered in Durham, North Carolina. We serve more than 4.3 million members, and we employ more than 5,000 people across the country who are passionate about making health care better for all. 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.

Authorization to Work in the United States

We use E-verify to confirm authorization to work in the United States. To learn more about E-Verify, including your rights and responsibilities, please visit E-Verify Overview for English or Visión General de E-Verify for Español.

Request Accommodations

Blue Cross NC provides reasonable accommodations to applicants with disabilities. If you need a reasonable accommodation for any part of the application, hiring process, or have technical issues that prevent you from completing your application please notify HR at [e-mail]. Blue Cross NC is a hybrid flex company. Whether the 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 of our approved states: Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Wisconsin, and Wyoming