Actuarial Associate
Job Description
We are seeking an early-career Actuarial Associate who is eager to apply their knowledge of mathematics, probability, statistics, and business principles in a supportive, team-based environment. Under direct guidance and supervision, this role provides hands-on technical support for rating and pricing, valuation, healthcare economics, and financial forecasting. The Actuarial Associate will work alongside experienced actuaries and collaborate with teams across Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare while building a strong foundation for a career in actuarial science.
What You’ll Do
Analyzes financial, statistical and mathematical data and performs actuarial calculations.
May assist in the determination of pricing, reserves and/or cash flow projections.
Assists in performing rate studies used in determining rate adequacy.
Assists in actuarial research, experience studies, and statistical analyses and calculations.
Provides support to senior analysts or actuaries as required.
Retrieves and validates data for rate filings and actuarial models. Assists senior staff in the building of model enhancements and determines reasons for changes to calculated factors.
Distributes established reports and responds to inquiries.
Investigates trends and anomalies.
Supports Enterprise Risk Management.
Provides analytic support for corporate and departmental projects.
Is a participant in good standing in the Actuarial Development Program
What You Bring
Bachelor's degree or advanced degree (where required)
0-2 years of experience in related field
Enrolled in the actuarial student program and is committed to completing the Society of Actuaries education system courses necessary to attain the ASA designation.
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
Learn more
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
_____________________________________________________________________
JOB ALERT FRAUD: We have become aware of scams from individuals, organizations, and internet sites claiming to represent Blue Cross and Blue Shield of North Carolina in recruitment activities in return for disclosing financial information. Our hiring process does not include text-based conversations or interviews and never requires payment or fees from job applicants. All our career opportunities are published on https://bcbsnc.wd5.myworkdayjobs.com/en-US/BCBSNC. If you have already provided your personal information that you suspect is fraudulent activity, please report it to your local authorities. Any fraudulent activity should be reported to: [email protected].
We are seeking an early-career Actuarial Associate who is eager to apply their knowledge of mathematics, probability, statistics, and business principles in a supportive, team-based environment. Under direct guidance and supervision, this role provides hands-on technical support for rating and pricing, valuation, healthcare economics, and financial forecasting. The Actuarial Associate will work alongside experienced actuaries and collaborate with teams across Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare while building a strong foundation for a career in actuarial science.
What You’ll Do
Analyzes financial, statistical and mathematical data and performs actuarial calculations.
May assist in the determination of pricing, reserves and/or cash flow projections.
Assists in performing rate studies used in determining rate adequacy.
Assists in actuarial research, experience studies, and statistical analyses and calculations.
Provides support to senior analysts or actuaries as required.
Retrieves and validates data for rate filings and actuarial models. Assists senior staff in the building of model enhancements and determines reasons for changes to calculated factors.
Distributes established reports and responds to inquiries.
Investigates trends and anomalies.
Supports Enterprise Risk Management.
Provides analytic support for corporate and departmental projects.
Is a participant in good standing in the Actuarial Development Program
What You Bring
Bachelor's degree or advanced degree (where required)
0-2 years of experience in related field
Enrolled in the actuarial student program and is committed to completing the Society of Actuaries education system courses necessary to attain the ASA designation.
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
Learn more
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
_____________________________________________________________________
JOB ALERT FRAUD: We have become aware of scams from individuals, organizations, and internet sites claiming to represent Blue Cross and Blue Shield of North Carolina in recruitment activities in return for disclosing financial information. Our hiring process does not include text-based conversations or interviews and never requires payment or fees from job applicants. All our career opportunities are published on https://bcbsnc.wd5.myworkdayjobs.com/en-US/BCBSNC. If you have already provided your personal information that you suspect is fraudulent activity, please report it to your local authorities. Any fraudulent activity should be reported to: [email protected].