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Job Summary
This position uses statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of company decisions or situations. They have an in-depth knowledge of at least one market or business segment and operate with a high level of autonomy for daily purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions. This position can communicate complicated concepts, information, and recommendations regarding process, data, analysis, and results, while catering information to different audiences as needed. As necessary, position manages small projects with limited interaction outside Actuarial department.
Job Responsibilities:
- Create new actuarial models and identify improvements to existing models to analyze the probability and financial or other impacts of various scenarios.
- Validate modeling assumptions & recommend other possible sources for identification and validation of assumptions.
- Collect, integrate, analyze, and validate data from various sources, as well as recommend other possible data sources and ways to visualize and validate data.
- Monitor and identify trends, patterns & relationships in data and modeling results.
- Operates with high level of autonomy for daily tasks and decision making.
- Communicate and interact effectively with other actuaries, actuarial analysts and Actuarial management. Has ability to develop simple written and oral presentations that provide basic information for decision making and can cater information to different audiences and clearly present complicated concepts.
- Develops relationships with other actuarial titles, as well as with co-workers outside of the Actuarial department.
- Understands business and actuarial concepts with in-depth knowledge of at least one market or business segment.
- Manages small projects and begins to manage the interaction with non-Actuarial departments.
- Mentor Sr Actuarial and Actuarial Analysts
- Implement process improvement, conduct peer review, and document updates to process, assumptions, data, and modeling.
- Complies with all applicable compliance requirements.
Required Job Qualifications:
- Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
- Associate of the Society of Actuaries (ASA) and Membership in the American Academy of Actuaries (MAAA).
- At least 3 years of actuarial experience.
- Verbal and written communications skills to prepare effective documentation, facilitate training and development, and participate in presentations.
- PC proficiency to include Word and Excel.
Preferred Job Qualifications:
- Access, SQL, Visual Basic or other programming skills.
- Actuarial experience in the health insurance or related field.
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HCSC Employment Statement:
We are an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.
Base Pay Range$80,700.00 - $145,700.00
Top Skills
What We Do
Imagine Something New, Something Different.
Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families.
HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development.
HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC.
Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization.
Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.
