Remote

Principal Actuary

Blue Cross and Blue Shield of North Carolina
paid time off, 401(k)
United States, Missouri
Jan 28, 2025
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. $105,600.00 - $191,800.00