At a Glance
- Tasks: Join our team to analyse data and support financial and healthcare initiatives.
- Company: Blue Cross NC, a leader in health care delivery with a community focus.
- Benefits: Flexible work options, competitive salary, health coverage, and career development.
- Other info: Hybrid Flex work model for collaboration and connection.
- Why this job: Build your actuarial expertise while making a real impact in healthcare.
- Qualifications: Bachelor's degree and commitment to the actuarial education system.
The predicted salary is between 66998 - 107197 £ per year.
Job Description
Join our Commercial Reserving team as an Actuarial Associate and build your actuarial expertise while supporting key financial and healthcare initiatives.
Working under the guidance of experienced actuaries, you’ll apply your knowledge of mathematics, probability, statistics, and business principles to support reserve valuation, financial forecasting, healthcare economics, and rating and pricing activities.
You’ll collaborate with actuarial partners and cross‑functional teams, including Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare, to provide analysis and technical support that informs health programs and business decisions.
- What You’ll Do
- Analyzes financial, statistical and mathematical data and performs actuarial calculations.
- May assist in the determination of pricing, reserves and/or cash flow projections.
- Assists in performing rate studies used in determining rate adequacy.
- Assists in actuarial research, experience studies, and statistical analyses and calculations.
- Provides support to senior analysts or actuaries as required.
- Retrieves and validates data for rate filings and actuarial models.
Assists senior staff in the building of model enhancements and determines reasons for changes to calculated factors.
- Distributes established reports and responds to inquiries.
- Investigates trends and anomalies.
- Supports Enterprise Risk Management.
- Provides analytic support for corporate and departmental projects.
- Is a participant in good standing in the Actuarial Development Program
What You Bring
- Bachelor's degree or advanced degree (where required)
- 0-2 years of experience in related field
- Enrolled in the actuarial student program and is committed to completing the Society of Actuaries education system courses necessary to attain the ASA designation.
At this time, Blue Cross NC will not sponsoremployment authorization for this position.
- What You’ll Get
- The opportunity to work at the cutting edge of health care delivery with a team that’s deeply invested in the community.
- Work-life balance, flexibility, and the autonomy to do great work.
- Medical, dental, and vision coverage along with numerous health and wellness programs.
- Parental leave and support plus adoption and surrogacy assistance.
- Career development programs and tuition reimbursement for continued education.
- 401k match including an annual company contribution.
- Learn more
- Where You’ll Work
Our Hybrid Flex approach is built on presence with a purpose – giving you flexibility to work remotely with intentional in-person connection – that supports a workplace that’s flexible, connected, and future focused.
In a Hybrid-Flex role, you’ll work in the office at least two days a week for collaboration and connection.
In a Remote Flex role, you’ll work virtually, with a few in-office visits each year for meaningful moments that matter.
Whether your role is Hybrid Flex or Remote Flex depends on the nature of the work and distance from our Durham headquarters.
We welcome candidates from outside the local area and in any states listed on this job posting.
Onsite expectations will be discussed during the interview process.
Salary Range
At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed.
Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs.
Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.
*Based on annual corporate goal achievement and individual performance.
$66,998.00 - $107,197.00
Skills
Actuarial Analysis, Actuarial Science, Analytical Support, Data Analysis, Data Verification, Experience Studies, Report Processing, Reports Analysis, Research Analysis, Researching
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Actuarial Associate employer: Blue Cross and Blue Shield of North Carolina
Blue Cross NC is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for a Principal Data Scientist. With a strong focus on employee growth and development, you will have the opportunity to lead impactful projects in the healthcare sector while working alongside executive leadership and diverse teams. The company offers competitive benefits and a commitment to meaningful work that directly influences the health of communities in North Carolina.
Contact Details:
Blue Cross and Blue Shield of North Carolina Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Associate
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Blue Cross and Blue Shield of North Carolina). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Blue Cross and Blue Shield of North Carolina. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Associate
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Blue Cross and Blue Shield of North Carolina.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Blue Cross and Blue Shield of North Carolina. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Blue Cross and Blue Shield of North Carolina
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Blue Cross and Blue Shield of North Carolina to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Blue Cross and Blue Shield of North Carolina, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Blue Cross and Blue Shield of North Carolina's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
