Manager Actuarial Services

The Actuarial Department is part of the Finance Division. Actuarial responsibilities include developing the company's financial forecasts, enrollment reports, and rating guidelines. The department estimates claim costs and the financial impact of business decisions. It also estimates financial reserves and provides pricing support to the Underwriting Department. It undertakes research in support of product development, coverage for new business and changes in benefits and/or rates for existing customers. It has the lead role in filing required financial documentation for new and existing products with the Alabama Department of Insurance. It also is involved with reporting to other entities and regulatory authorities, including CMS, HHS, NAIC, and BCA.

The Manager Actuarial Services is responsible for providing actuarial support for the company's Senior Products. Actuarial support includes coordinating with external consultants on bid assumption development and approval, developing financial forecasts, performing actuarial research in support of experience analysis and new product development, performing corporate reserving, and working with internal business partners on ongoing and special projects. Additional tasks include providing training, support, and career development for staff.

• Bachelor's Degree in Mathematics, Statistics, Economics, Finance, Actuarial Science, or a related field
• Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA)
• 7 years of actuarial experience
• Must meet all continuing education requirements of the Society of Actuaries (SOA)and American Academy of Actuaries (AAA), keeping abreast of new developments in the health insurance and health care industries, along with new techniques in the actuarial profession, new developments in information systems, and changes in relevant laws and regulations
• Familiar with applicable guidance as promulgated by the Society of Actuaries (SOA), American Academy of Actuaries (AAA), National Association of Insurance Commissioners (NAIC), Department of Insurance (DOI), Centers for Medicare and Medicaid Services (CMS), U.S. Department of Health and Human Services (HHS), etc.
• Experience using Microsoft Word and Excel
• Organizational and time management skills to lead and work independently and manage multiple priorities effectively
• Excellent analytical and problem solving skills
• Strong attention to detail
• Excellent interpersonal skills to interact and build professional relationships with all levels of staff
• Excellent oral and written communication skills
• Excellent leadership skills
• Current or recent Management experience preferred
• Experience with Medicare Advantage, Part D, and Medicare Supplement actuarial work preferred
• Experience using Microsoft PowerPoint preferred
• Experience using Structured Query Language (SQL), R, Python, or similar programming languages preferred
• Experience using Tableau, Power BI, or similar data visualization tools preferred
• Member of the American Academy of Actuaries (MAAA) preferred
  

The work location for this position will be hybrid (onsite/remote)

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Blue Cross and Blue Shield of Alabama is an independent licensee of the Blue Cross and Blue Shield Association