Why should you join the BlueCross BlueShield of South Carolina family of companies? Other companies come and go, but for more than seven decades we've been part of the national landscape, with our roots firmly embedded in the South Carolina community. We are the largest insurance company in South Carolina ... and much more. We are one of the nation's leading administrators of government contracts. We operate one of the most sophisticated data processing centers in the Southeast. We also have a diverse family of subsidiary companies that allows us to build on a variety of business strengths. We deliver outstanding service to our customers. If you are dedicated to the same philosophy, consider joining our team!

Position Purpose:

As a team member on the Actuarial department, as the Associate Actuary, you will maintain actuarial reporting systems, analyze actuarial reports, summarize reports, and provide recommendations.

Logistics:

This is a full-time position working (40-hours/week) Monday-Friday 8:00am - 5:00pm or 7:30am -4:30pm. This position is an onsite position reporting to 4101 Percival Rd. Columbia SC

What You'll Do:

• Compiles monthly and quarterly actuarial reports. Extracts mainframe data into spreadsheet form. 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 provides both written and oral support of carried reserves to regulators, independent actuaries and auditors, and other examiners. Recommends follow-up studies as needed.

To Qualify for This Position, You'll Need:

• Five Years Actuarial experience.
• Bachelor's degree Statistics/Biostatistics, mathematics, accounting, finance, economics, or another related field. OR
• Four years work experience as an Associate of the Society of Actuaries (ASA) or Associate of the Casualty Actuarial Society (ACAS).
• Associate of the Casualty Actuarial Society or the Society of Actuaries.
• Analyzes trends and claims activity to assist with competitive pricing decisions
• Develops, maintains, and augments actuarial rating models
• Develops reporting for new product types and managerial oversight
• Analyzes proposal, renewal, and benefit data to assist Underwriting in determining rate changes
• Performs profitability analysis to determine appropriate manual rates for the Major Group business

We Prefer That You Have:

• Knowledge/experience in medical rating or underwriting practices, experience developing coding or programs in VBA, SQL, or other languages.

What We can Do for You:

We offer our employees great benefits and rewards. You will be eligible to participate in the benefits the first of the month following 28 days of employment.

• Subsidized health plans, dental and vision coverage
• 401K retirement savings plan with company match
• Life Insurance
• Paid Time Off (PTO)
• On-site cafeterias and fitness centers in major locations
• Wellness program and healthy lifestyle premium discount
• Tuition assistance
• Service recognition
• Employee Assistance
• Discounts to movies, theaters, zoos, theme parks and more

What to Expect Next:

After submitting your application, our recruiting team members will review your resume to ensure your meet the qualifications. This may include a brief telephone interview or email communication with our recruiter to verify resume specifics and salary requirements. If the qualifications required proof of semester hours, please attach your transcript to your application.

Management will be conducting interviews with the most qualified candidates, with prioritization give to those candidates who demonstrate the preferred qualifications.

We participate in E-Verify and comply with the Pay Transparency Nondiscrimination Provision. We are an Equal Opportunity Employer.

BlueCross BlueShield of South Carolina and our subsidiary companies maintain a continuing policy of nondiscrimination in employment to promote employment opportunities for persons regardless of age, race, color, national origin, sex, religion, veteran status, disability, weight, sexual orientation, gender identity, genetic information or any other legally protected status. Additionally, as a federal contractor, the company maintains Affirmative Action programs to promote employment opportunities for minorities, females, disabled individuals and veterans. It is our policy to provide equal opportunities in all phases of the employment process and to comply with applicable federal, state and local laws and regulations.

We are committed to working with and providing reasonable accommodations to individuals with physical and mental disabilities.

If you need special assistance or an accommodation while seeking employment, please e-mail abilities@bcbssc.com or call 1-800-288-2227, ext. 43172 with the nature of your request. We will make a determination regarding your request for reasonable accommodation on a case-by-case basis.