As an Associate Actuary focused on Medicare Pricing, you will work under direct supervision to apply your background in mathematics, probability, and statistics to support the financial and actuarial needs of our organization. You will collaborate with a team of actuaries to assist in rating/pricing, valuation, healthcare economics, and financial forecasting for Blue Cross NC Medicare products. In this role, you will provide essential actuarial support to departments such as Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare. Your work will contribute to pricing, forecasting, and strategic initiatives for our Medicare offerings.
What You’ll Do
Performs actuarial research, experience studies, and statistical analyses and calculations using Excel, SQL, and SAS.
Calculates premiums, risk scores, and reserves of new and existing plans of insurance.
Provides support to senior analysts or actuaries as required.
Retrieves and validates data for 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).
Distributes established reports and responds to inquiries. Investigates trends and anomalies.
Provides analytic support for corporate and departmental projects.
What You Bring
Bachelor's degree or advanced degree (where required)
0-2 years of experience in related field
Completed 1-2 actuarial exams towards the eventual attainment of the ASA designation.
Bonus Points
Previous Medicare experience a plus
Previous Actuarial Internship experience a plus
SQL/SAS experience a plus
What You’ll Get
The opportunity to work at the cutting edge of health care delivery with a team that’s deeply invested in the community.
Work-life balance, flexibility, and the autonomy to do great work.
Medical, dental, and vision coverage along with numerous health and wellness programs.
Parental leave and support plus adoption and surrogacy assistance.
Career development programs and tuition reimbursement for continued education.
401k match including an annual company contribution
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.
$66,998.00 - $107,197.00
Skills
Actuarial Science, Medicare
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It's an exciting time to work at Blue Cross and Blue Shield of North Carolina (Blue Cross NC). Health care is changing, and we're leading the way. We offer more than health insurance our customers can count on. We’re committed to better health and better health care − in our communities and beyond. Our employees bring energy and creativity to the workplace, and it shows in our innovative approach to improving the health and well-being of North Carolinians.
Blue Cross NC is a fully taxed, not-for-profit company headquartered in Durham, North Carolina. We serve more than 4.3 million members, and we employ more than 5,000 people across the country who are passionate about making health care better for all.
Help us lead the charge for better health care by joining our award-winning team. Discover tremendous opportunities with us to do challenging and rewarding work. Opportunities that can lead you to a fulfilling career, work that can help others lead healthier, happier lives.
Blue Cross NC is an independent licensee of the Blue Cross and Blue Shield Association.
