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Job Summary
Job Description Summary
This position is responsible for managing the implementation, maintenance and critical review and analysis of models, studies and systems which use actuarial principles for the purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions; developing complicated models and teaching others how to develop models; developing written and oral presentations that drive the delivery of information for decision making; and managing day-to day projects that may include non-Actuarial departments. Must also possess and demonstrate a deep understanding of one actuarial area or business segment
- Develops complicated models and teaches others how to develop models. Ensures that the modeling is being done appropriately, efficiently and in a timely manner
- Complies with all applicable compliance requirements and all Actuarial Standards of Practice.
- Communicates effectively within the Finance Division. Ensures that presentations are accurate, effective and completed on time. Has ability to develop written and oral presentations that clearly drive the delivery of information for decision making.
- Represent Actuarial as Subject Matter Expert on assigned projects, leadership meetings and corporate committees.
- Coach less experienced actuarial staff.
- Maintain and further develop knowledge and skills for increasingly complex scenarios and models.
- Responsible for actuarial analysis, pricing and/or forecasting of a product, line, network or similar component (ex. state, line of business, market segment, product , tool, etc....)and final work product, including data, assumptions, methodology, limitations and recommendations Provide actuarial report, opinion or finding as needed.
- Develops all internal (Actuarial) and external (other areas within the Company) relationships necessary to accomplish goals.
- Understands basic business and actuarial concepts and models. Deeply understands certain actuarial areas and/or at least one business segment.
- Manageprojects that may include non-Actuarial departments by determining appropriate scenarios, data, assumptions, methodology, analysis, modeling, recommendations and next steps
- Ensures that continuous improvements are being made in the various work being managed.
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). Compliance with the membership requirements for each professional designation.
- At least 5 years of actuarial experience in the health insurance or related field.
- 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.
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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
$88,700.00 - $160,200.00
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.