Principal Actuary

Job DescriptionBlue Cross NC is seeking a Principal Actuary to leverage advanced expertise in mathematics, probability, statistics, health insurance, and business principles to deliver comprehensive technical support for complex rating, pricing, valuation, and financial forecasting initiatives. The role involves collaborating with a team of actuaries to ensure a unified approach to the actuarial aspects of health programs. Additionally, the Principal Actuary will provide actuarial support to Network Management, Underwriting, and Sales and Marketing departments. Leadership responsibilities may be assigned, particularly for designated projects.What You'll DoActively contributes to the success of the Actuarial Services team.Responsible for handling highly complex actuarial modeling.Leads and/or provides consultative support to assigned projects and is viewed as an expert in the field.Assists in Rating/PricingDevelop/Maintain rating modelsPerform Medical Trend analysisSupport Administrative Expense factor developmentConduct Experience StudiesConduct Rating Factor StudiesSupport Rate Filing developmentAssists in support for Financial ForecastingWorks with FP&A to support development of Plan forecast for assigned segmentsAssists in support for Network ManagementSupport evaluation of financial impacts of provider contract changesAssists in support for Underwriting (all segments)Provide ad hoc support for underwriting requestsAssists in support for Sales and MarketingProvide support for new product developmentProvide support for new/existing product programsContinuing EducationResponsible for maintaining continuing education requirements as set by the appropriate Actuarial governing body (i.e. Society of Actuaries)Is a participant in good standing in the Actuarial Development Program, if still pursuing the FSA designationWhat You BringBachelor's degree or advanced degree (where required)Associate of the Society of Actuaries (ASA) and Member of the American Academy of Actuaries (MAAA)5+ years of experience in related fieldIn lieu of an ASA, alternate actuarial credentials may be considered.In lieu of 5 years of experience, may consider candidates who are Fellows of the Society of Actuaries (FSA).Bonus PointsValue Based Care experience a plusExpert-level knowledge of SQL and advanced Excel - Highly PreferredExperience building complex financial models - Highly PreferredProven ability to communicate complex actuarial concepts to non-actuarial stakeholders and senior management.Strong critical thinking and creative problem-solving skills.What You'll GetThe 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 contributionLearn moreSalary RangeAt 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.$118,691.00 - $189,906.00SkillsValue Based Care _____________________________________________________________________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: HR.Staffing@BCBSNC.com .