Senior Group Actuary

BlueCross BlueShield of South Carolina

5d•Remote

About The Position

The Senior Advisory Actuary plays a critical role in overseeing and enhancing actuarial reporting systems, ensuring the accuracy and integrity of actuarial analyses. This position involves leading a team of actuaries in the preparation and summarization of actuarial reports, delivering insightful recommendations based on comprehensive data analysis. Additionally, the Senior Advisory Actuary is responsible for rendering annual statement opinions and providing signature approvals, contributing to the organization's strategic decision-making and compliance with regulatory standards.

Requirements

Bachelor's degree - Statistics/Biostatistics, Mathematics, Accounting, Finance, Economics, or other job-related field.
9 years-actuarial experience
Knowledge of actuarial principles, procedures, and regulations.
Strong mathematical and analytical skills.
Excellent communication and organizational skills with the ability to effectively prioritize.
Ability to handle confidential or sensitive information with discretion.
Strong analytical, problem solving, and model development skills.
Good judgment.
Fellow of the Casualty Actuarial Society or the Society of Actuaries.

Nice To Haves

10 years-actuarial and information technology experience. (Highly)
Computer programming skills SQL.

Responsibilities

Compiles monthly and quarterly actuarial reports.
Performs profitability analysis and determination of appropriate level and rates for various lines of business.
Reviews rating bureau changes, making premium comparisons with competing companies and adjusting prior company experience to reflect future contingent liabilities for the purpose of pricing a revision to an existing product or rate level.
Correctly prepares and documents rate filings and other submissions to state regulatory authorities.
Files rate, rule, and form revisions along with annual required filings.
Completes ad hoc reporting for financial and insurance data by state insurance departments, and provides input to state insurance departments on proposed legislation.
Develops actuarial computer models and technically supports the actuarial staff.
Serves as a liaison to the information systems department.
Accurately determines bulk loss and loss expense reserves for reported and unreported liabilities.
Establishes the review of various methodologies used to promulgate these reserves as well as provide both written and oral support of carried reserves to regulators, independent actuaries and auditors, and other examiners.
Recommends follow-up studies as needed.
Directs, motivates, and develops other Actuarial Team members.
May lead other actuaries in maintaining actuarial reporting systems and analysis of actuarial reports.
Summarizes reports and provides recommendations.
Renders annual statement opinions and provides signature approval.