Job Description

Under general guidance and supervision, applies knowledge of mathematics, probability, statistics, and principles of business in order to provide assistance and technical support for rating/pricing, valuation, healthcare economics and/or financial forecasting. Works with a team of actuaries to assure a coordinated approach to the actuarial components of health programs. Provides actuarial support to Network Management, Underwriting, Sales and Marketing, Finance, and/or Healthcare.

• 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

Hiring Requirements

• 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.

Salary Range

$68,200.00 - $109,100.00