Para Actuary - Financial Focus

Posted Yesterday
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Columbia, SC, USA
In-Office
Senior level
Insurance
The Role
Extract and report enrollment and financial data to develop competitive rates and meet profitability goals. Build actuarial models and reporting for new products, maintain rating system tables and documentation, produce monthly and ad hoc reports, support underwriting and actuarial staff, document regulatory submissions, and perform profitability analysis across lines of business.
Summary Generated by Built In

Summary
 
Extracts and reports enrollment and financial data used to develop competitive rates to achieve financial targets and reach profitability goals.
Description
 

Why should you join the BlueCross BlueShield of South Carolina family of companies? Other companies come and go, but we've been part of the national landscape for more than seven decades, with our roots firmly embedded in the South Carolina community. We are the largest insurance company in South Carolina … and much more. We are one of the nation's leading administrators of government contracts. We operate one of the most sophisticated data processing centers in the Southeast. We also have a diverse family of subsidiary companies, allowing us to build on various business strengths. We deliver outstanding service to our customers. If you are dedicated to the same philosophy, consider joining our team!

Position Purpose:

Extracts and reports enrollment and financial data used to develop competitive rates to achieve financial targets and reach profitability goals.

Location: 

This position is from 8:30am - 5pm Monday - Friday at 4101 Percival Road, Columbia, SC 29229.

What You’ll Do:

  • Develops reporting for new product types.
  • Maintains user tables and documentation for rating systems.
  • Conducts ad hoc reporting and provides support to underwriting and actuarial staff as needed.
  • Provides periodic system updates.
  • Produces required monthly reports.

To Qualify For This Position, You'll Need The Following: 

  • Required Education: Bachelor's in a job related field
  • Required Work Experience: 5 Years Financial analysis and reporting.
  • Skills and Abilities:Analyzes competing programs to assist with competitive pricing decisionsDevelops actuarial computer model.Develops reporting for new product typesDocuments submissions to state regulatory authoritiesPerforms profitability analysis to determine appropriate rates for various lines of business

Our Comprehensive Benefits Package Includes The Following: 

We offer our employees great benefits and rewards. You will be eligible to participate in our benefits program the first of the month following 28 days of employment.   

  • Subsidized health plans, dental and vision coverage 

  • 401k retirement savings plan with company match 

  • Life Insurance 

  • Paid Time Off (PTO) 

  • On-site cafeterias and fitness centers in major locations 

  • Education Assistance 

  • Service Recognition 

  • National discounts to movies, theaters, zoos, theme parks and more 

What We Can Do for You: 

We understand the value of a diverse and inclusive workplace and strive to be an employer where employees across all spectrums have the opportunity to develop their skills, advance their careers and contribute their unique abilities to the growth of our company. 

What To Expect Next:  

After submitting your application, our recruiting team members will review your resume to ensure you meet the qualifications. This may include a brief telephone interview or email communication with our recruiter to verify resume specifics and salary requirements. 

Equal Employment Opportunity Statement

BlueCross BlueShield of South Carolina and our subsidiary companies maintain a continuing policy of nondiscrimination in employment to promote employment opportunities for persons regardless of age, race, color, national origin, sex, religion, veteran status, disability, weight, sexual orientation, gender identity, genetic information or any other legally protected status. Additionally, as a federal contractor, the company maintains affirmative action programs to promote employment opportunities for individuals with disabilities and protected veterans. It is our policy to provide equal opportunities in all phases of the employment process and to comply with applicable federal, state and local laws and regulations.

We are committed to working with and providing reasonable accommodations to individuals with disabilities, pregnant individuals, individuals with pregnancy-related conditions, and individuals needing accommodations for sincerely held religious beliefs, provided that those accommodations do not impose an undue hardship on the Company.

If you need special assistance or an accommodation while seeking employment, please email [email protected] or call 800-288-2227, ext. 47480 with the nature of your request. We will make a determination regarding your request for reasonable accommodation on a case-by-case basis.

We participate in E-Verify and comply with the Pay Transparency Nondiscrimination Provision. We are an Equal Opportunity Employer. Here's more information.

Some states have required notifications. Here's more information. 

Skills Required

  • Bachelor's degree in a job related field
  • 5 years financial analysis and reporting experience
  • Develops actuarial computer model
  • Develops reporting for new product types
  • Maintains user tables and documentation for rating systems
  • Analyzes competing programs to assist with competitive pricing decisions
  • Documents submissions to state regulatory authorities
  • Performs profitability analysis to determine appropriate rates for various lines of business

BlueCross BlueShield of South Carolina Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about BlueCross BlueShield of South Carolina and has not been reviewed or approved by BlueCross BlueShield of South Carolina.

  • Healthcare Strength The package includes multiple medical and dental plan options, free vision, company‑paid life insurance, and short‑/long‑term disability, plus wellness programs and an EAP. On‑site clinics and fitness centers at major locations complement core health coverage.
  • Leave & Time Off Breadth Paid time off starts at about four weeks per year alongside nine paid holidays. This provides substantial baseline leave from day one.
  • Wellbeing & Lifestyle Benefits Wellness discounts, coaching, and incentives are emphasized, with on‑site fitness resources where available. Additional tools and services support day‑to‑day wellbeing.

BlueCross BlueShield of South Carolina Insights

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The Company
HQ: Columbia, SC
10,001 Employees
Year Founded: 1946

What We Do

For more than six decades, BlueCross BlueShield of South Carolina has been part of the national landscape. Our roots are firmly embedded in the state. We are the largest insurance company in South Carolina. We are also the only one that has an A+ Superior A.M. Best rating. We are one of the nation's leading government contract administrators. We operate one of the most sophisticated data processing centers in the Southeast and have a diverse family of subsidiary companies. Our full-time employees enjoy benefits like a 401(k) retirement savings plan with company match, subsidized health plans, free vision coverage, life insurance, paid annual leave and holidays, wellness programs and education assistance. If you are a full-time employee in the National Guard or reserves, we will cover the difference in your pay if you are called to active duty. BlueCross has a dedicated corporate culture of community support. Our employees are some of the most giving in the country. They support dozens of nonprofit organizations every year. If you're ready to join a diverse company with secure, community roots and an innovative future, apply for a position now!

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