Come join us and be part of a purpose driven company who is invested in your future!
Job Summary
This position uses statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of company decisions or situations. They have an in-depth knowledge of at least one market or business segment and operate with a high level of autonomy for daily purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions. This position can communicate complicated concepts, information, and recommendations regarding process, data, analysis, and results, while catering information to different audiences as needed. As necessary, position manages small projects with limited interaction outside Actuarial department.
Job Responsibilities:
- Create new actuarial models and identify improvements to existing models to analyze the probability and financial or other impacts of various scenarios.
- Validate modeling assumptions & recommend other possible sources for identification and validation of assumptions.
- Collect, integrate, analyze, and validate data from various sources, as well as recommend other possible data sources and ways to visualize and validate data.
- Monitor and identify trends, patterns & relationships in data and modeling results.
- Operates with high level of autonomy for daily tasks and decision making.
- Communicate and interact effectively with other actuaries, actuarial analysts and Actuarial management. Has ability to develop simple written and oral presentations that provide basic information for decision making and can cater information to different audiences and clearly present complicated concepts.
- Develops relationships with other actuarial titles, as well as with co-workers outside of the Actuarial department.
- Understands business and actuarial concepts with in-depth knowledge of at least one market or business segment.
- Manages small projects and begins to manage the interaction with non-Actuarial departments.
- Mentor Sr Actuarial and Actuarial Analysts
- Implement process improvement, conduct peer review, and document updates to process, assumptions, data, and modeling.
- Complies with all applicable compliance requirements.
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).
- At least 3 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.
#LI-DK1
#LI-Hybrid
Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!
HCSC Employment Statement:
HCSC is committed to diversity in the workplace and to providing equal opportunity and affirmative action to employees and applicants. We are an Equal Opportunity Employment / Affirmative Action employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Drug screening and background investigation are required, as allowed by law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
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.
