Actuarial Analyst

$68,200 - $109,100/Yr

Unclassified - Durham, NC

Full-time - Entry Level

Durham, NC

About the position

The Actuarial Analyst will support core reserving processes, focusing on estimating and explaining key liabilities and assets for the company. This role involves applying mathematical and statistical knowledge to assist in valuation and financial forecasting, working collaboratively with a team of actuaries to ensure a coordinated approach to health program actuarial components.

Responsibilities

• Support core reserving processes including estimating Unpaid Claim Liabilities and Pharmacy Accruals.
• Provide assistance and technical support for valuation and financial forecasting.
• Work with a team of actuaries to coordinate actuarial components of health programs.
• Perform actuarial research, experience studies, and statistical analyses.
• Calculate reserves for new and existing insurance plans.
• Support senior analysts or actuaries as required.
• Retrieve and validate data for rate filings and actuarial models.
• Build model enhancements and analyze changes to calculated factors.
• Analyze impacts of changes to product lines and segments.
• Communicate filing status to internal stakeholders and transmit rate filings to regulatory agencies.
• Retrieve and validate data for monthly reports and UCL and ALR calculations.
• Execute ALR model and verify results for valuation support.
• Research to support ALR assumption studies and UCL estimates.
• Distribute established reports and respond to inquiries.
• Investigate trends and anomalies.
• Execute control activities to support Enterprise Risk Management.
• Provide analytic support for corporate and departmental projects.

Requirements

• Bachelor's degree or advanced degree (where required).
• 2+ years of relevant actuarial experience.
• Completion of at least 3 exams towards the ASA designation.

Nice-to-haves

• Experience with Valuation and/or reserving.
• Experience with Balanced Funding or level funded products.

Benefits

• Salary range of $68,200.00 - $109,100.00