Actuary

To learn more about Arkansas Blue Cross and Blue Shield Hiring Policies, please click here. Workforce Scheduling Remote Job Summary The Actuary is directly involved with the gain and loss equation for the Enterprise. The primary responsibilities include those of rate making for risk assumption products and the setting of liabilities for those same products at all financial reporting points in time. The former determines the parameters for profitability for the Enterprise via the cost-based alignment of expected costs vs. product price. The latter is a score keeping function that aligns the same two issues in retrospect Requirements Education & Experience Bachelor's degree in Mathematics, Actuarial Science, Statistics, Economics, Computer Science, Business or other quantitative-related field. Associate in the Society of Actuaries required. Member in the American Academy of Actuaries preferred. Six (6) years of actuarial experience, with majority of experience in healthcare and with demonstrated progression in the Actuarial Analyst track. Proficient experience in the use of relational databases, statistical packages, spreadsheet and/or database application Possess advanced knowledge of the healthcare financing industries with emphasis on managed care delivery models. Experience in rate-making, valuation of assets and liabilities, and experience studies for at least one product type Above average reviews as a Senior or Lead Actuarial Analyst. Specialized Knowledge & Skills Mathematical Reasoning Skills Critical Thinking Detail-Oriented Verbal and Written Communication Skills Microsoft Excel Data Analysis Microsoft Access VBA Stress Management Analytical Problem Solving Sound Judgment Self Motivation Skills Analytical Problem Solving, Critical Thinking, Detail-Oriented, Mathematical Reasoning Skills, Microsoft Access VBA, Microsoft Excel Data Analysis, Self Motivation, Sound Judgment, Stress Management, Verbal and Written Communication Skills Responsibilities Collaborating with internal and external partners to solve complex issues., Compiling, analyzing, and/or developing essential data for Enterprise objectives., Designated as Division expert on all actuarial matters related to assigned product(s). Actuarial representative within the Enterprise when Actuarial services are requested., Designing, testing, and evaluating models to further Enterprise goals, including minimizing risk and/or maximizing profitability., Developing controlled processes and reliable calculations for liability estimates (IBNR, risk adjustment, provider incentive payments, etc.)., Estimating projections for pricing, reserves and/or cash flow purposes, especially to determine rate accuracy., Forecasting product performance and analyzing variances from previous forecasts to identify emerging trends., Managing projects as requested, especially as they relate to Enterprise objectives and Actuarial Division improvements., Presenting actuarial models, exhibits, and forecasts to internal and external customers. Ability to represent the Actuarial Division and Actuarial Profession well., Providing actuarial advice to upper-level management. Ability to communicate recommendations clearly and confidently., Providing timely and accurate information that demonstrates compliance with federal and state regulations., Representing the Actuarial Division with compentency and professionalism to internal and external stakeholders., Supporting development of new products and services for the Enterprise., Working with and acting as a mentor to Data Analysts and Actuarial Analysts, and helping maintain an environment that encourages learning. Certifications Security Requirements This position is identified as level three (3). This position must ensure the security and confidentiality of records and information to prevent substantial harm, embarrassment, inconvenience, or unfairness to any individual on whom information is maintained. The integrity of information must be maintained as outlined in the company Administrative Manual. Segregation of Duties Segregation of duties will be used to ensure that errors or irregularities are prevented or detected on a timely basis by employees in the normal course of business. This position must adhere to the segregation of duties guidelines in the Administrative Manual. Employment Type Regular ADA Requirements 1.1 General Office Worker, Sedentary, Campus Travel - Someone who normally works in an office setting and routinely travels for work within walking distance of location of primary work assignment