Applies knowledge of mathematics, probability, statistics, and principles of business in order to provide assistance and technical support for more extensive rating/pricing, valuation, and financial forecasting. Works under minimal supervision with a team of actuaries to assure a coordinated approach to the actuarial components of health programs. Provides actuarial support to Network Management, Underwriting, and Sales and Marketing.
Performs qualitative and quantitative analysis of data to support development of rating plans and pricing for programs and products.
Evaluates moderately complex trend analysis.
Supports the rating process by determining the need for and building actuarial model enhancements. Determines reasons for changes in calculated factors and communicates changes to internal stakeholders.
Reviews and observe appropriateness of actuarial formulae.
Transmits rate filings to regulatory agencies (NCDOI, CMS)
Supports valuation by modifying and executing the ALR model. Performs ALR assumption studies and calculates impact on calculated reserves. Supports development of UCL estimates.
Assists in the preparation of Annual Actuarial Memorandum, Premium Deficiency Reserve Study, and quarterly and annual statutory results.
Distributes established reports and responds to inquiries. Investigates trends and anomalies.
Supports resolution of control exceptions and maintains control documentation.
Participates in requirements gathering for and serves as delegate or backup for corporate projects. Generates ideas and analytical approaches for Departmental projects.
Plans, implements, manages and/or contributes to projects that are moderate/high complexity.
Is a participant in good standing in the Actuarial Development Program
Must have at least four years of relevant actuarial experience and have completed at least 4 exams towards the eventual attainment of the ASA designation.
The incumbent is in the actuarial student program and is committed to completing the Society of Actuaries education system courses necessary to attain the FSA designation.
Good analytical and decision-making skills
Project management skills.
Good communication skills
Proficiency in Microsoft Excel, Word, and Visual Basic
Experience with data retrieval applications (i.e. SQL, SAS)