Join HCSC and be part of a purpose-driven company that will invest in your professional development.
Job Summary
Job Description Summary
This position is responsible for participating in implementation, maintenance and more detailed analysis of models, studies and systems which use actuarial principles for the purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions, running and developing complicated models and performing detailed analysis of the results. Developing simple written and oral presentations that provide basic information for decision making. Understanding basic business and actuarial concepts.
Job Description
* Runs and develops advanced models. Performs detailed analysis based on the results of the modeling.
* Complies with all applicable compliance requirements.
* Communicates and interacts effectively with other Actuarial Analysts and Actuarial management. Has ability to develop simple written and oral presentations that provide basic information for decision making.
* Develops relationships with other Actuarial Analysts, as well as with co-workers outside of the Actuarial department.
* Understands basic business and actuarial concepts.
* Manages small projects and begins to manage the interaction with non-Actuarial departments.
* Potential to manage an actuarial intern.
* Regularly works to improve on processes and modeling.
* Must participate in the Actuarial Student Program, if not a credentialed Actuary (ASA or FSA)
Required Job Qualifications:
* Bachelor's degree in actuarial science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
* Completion of 3 ASA (Associate of the Society of Actuaries) exam equivalents based on specifications in the Society of Actuaries' Education and Examination System.
* At least 2 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
$58,800.00 - $130,100.00
Working at
Health Care Service Corporation
Health Care Service Corporation (HCSC) is the largest customer-owned health insurance company in the United States, serving millions of members across its five Blue Cross and Blue Shield-affiliated health plans. With a strong commitment to improving healthcare access and quality, HCSC offers rewarding career opportunities in the actuarial field. As a vital component of HCSC's operations, actuaries play a crucial role in assessing and managing risk. They analyze complex data to develop sound pricing models, ensure the financial stability of insurance products, and support the organization's mission to provide affordable and comprehensive healthcare coverage. Actuaries at HCSC work in a collaborative and innovative environment, leveraging cutting-edge tools and technologies to make data-driven decisions. They collaborate with cross-functional teams, including underwriters, product managers, and healthcare professionals, to develop effective strategies that balance risk and affordability while meeting the evolving needs of members. HCSC values professional development and fosters a culture of continuous learning. Actuaries have access to a wide range of training and development opportunities, including industry seminars, actuarial exams, and mentorship programs. They also benefit from a supportive network of experienced professionals who are dedicated to sharing knowledge and best practices. Joining HCSC as an actuary offers the chance to make a significant impact on the healthcare landscape, improve the lives of individuals and communities, and contribute to the ongoing transformation of the industry. With competitive compensation, comprehensive benefits, and a vibrant work environment, HCSC is an ideal destination for actuaries seeking a fulfilling and rewarding career in the healthcare sector.