And Qualifications Pricing Support: Provide support to senior level staff and management with regard to rate filings. Continue building a knowledge base for how rate filings are developed and submitted. Forecasting Support: Provide support to senior level staff and management with regard to completing the company forecast. Continue to gain a knowledge of the forecast process and what the results reflect. Reserve Support: Provide support to senior level staff and management with regard to complet... more details
Actuarial Analyst
Job LocationsUS-PA-Harrisburg
Workplace
Hybrid
Employment Type
Full Time
ID
2024-2866
Position Description
At Capital Blue Cross, we promise to go the extra mile for our team and our community. This promise is at the heart of our culture, and it’s why our employees consistently vote us one of the “Best Places to Work in PA.”
This position provides support to the Actuarial department in any or all of the core actuarial functions of pricing, reserving, and forecasting and assists in the determination of rates. This position analyzes, develops, and validates statistical data and is expected to build upon a basic foundation of actuarial functions and knowledge. A candidate will use his/her understanding and familiarity with the tools used in the actuarial department to consider how they apply to the business.
This is an entry-level actuarial position. Typically holds a bachelor's degree in mathematics, statistics, or actuarial science and has less than two years' experience.
Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries with the completion of up to three exams.
Responsibilities and Qualifications
Pricing Support: Provide support to senior level staff and management with regard to rate filings. Continue building a knowledge base for how rate filings are developed and submitted.
Forecasting Support: Provide support to senior level staff and management with regard to completing the company forecast. Continue to gain a knowledge of the forecast process and what the results reflect.
Reserve Support: Provide support to senior level staff and management with regard to completing the monthly reserve valuation process. Continue to learn the key elements of the reserve process and be able to logically understand their functions. Gain an ability to modify and impact analytics and process.
Data Analytics: Build on knowledge of data sources and how to gather data needed for the three core actuarial functions. Continue to develop an understanding of reports produced for management and their intended function.
Actuarial Exams: Participate in the Actuarial Student Program and take exams pursuant of actuarial credentials (ASA and/or FSA)
Skills:
Analytical thinking skills.
Mathematical skills.
May handle moderately complex issues or problems.
Detail orientation required.
Knowledge:
Requires statistical knowledge.
Possesses and applies fundamental knowledge of actuarial principles, concepts, practices, and processes.
Ability to build upon foundational analytical skills.
Word, Excel, Access
Experience:
0-2 years’ experience in an Actuarial Department
Education and Certifications:
Bachelor’s degree in actuarial science or mathematics
1-3 Actuarial Exams
Location:
This position is classified hybrid, which requires onsite work on Tuesdays and Wednesdays.
Physical Demands:
While performing the duties of the job, the employee is frequently required to sit, use hands and fingers, talk, hear, and see.
The employee must be able to work over 40 hours per week.
The employee must occasionally lift and/or move up to 5 pounds.
About Us
We recognize that work is a part of life, not separate from it, and foster a flexible environment where your health and wellbeing are prioritized. At Capital you will work alongside a diverse and caring team of supportive colleagues, and be encouraged to volunteer in your community. We value your professional and personal growth by investing heavily in training and continuing education, so you have the tools to do your best as you develop your career.
And by doing your best, you’ll help us live our mission of improving the health and well-being of our members and the communities in which they live.
Capital Blue Cross is an independent licensee of the Blue Cross Blue Shield Association. We are an equal opportunity/affirmative action employer and do not discriminate on the basis of race, color, religion, national origin, gender, sexual orientation, gender identity, age, genetic information, physical or mental disability, veteran status, or marital status, or any other status protected by applicable law.
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