What are the responsibilities and job description for the Staff Actuary position at Health Care Service Corporation?
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Job SummaryThis position uses statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of company decisions or situations. They have an in-depth knowledge of at least one market or business segment and operate with a high level of autonomy for daily purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions. This position can communicate complicated concepts, information, and recommendations regarding process, data, analysis, and results, while catering information to different audiences as needed. As necessary, position manages small projects with limited interaction outside Actuarial department.Job Responsibilities:
- Create new actuarial models and identify improvements to existing models to analyze the probability and financial or other impacts of various scenarios.
- Validate modeling assumptions & recommend other possible sources for identification and validation of assumptions.
- Collect, integrate, analyze, and validate data from various sources, as well as recommend other possible data sources and ways to visualize and validate data.
- Monitor and identify trends, patterns & relationships in data and modeling results.
- Operates with high level of autonomy for daily tasks and decision making.
- Communicate and interact effectively with other actuaries, actuarial analysts and Actuarial management. Has ability to develop simple written and oral presentations that provide basic information for decision making and can cater information to different audiences and clearly present complicated concepts.
- Develops relationships with other actuarial titles, as well as with co-workers outside of the Actuarial department.
- Understands business and actuarial concepts with in-depth knowledge of at least one market or business segment.
- Manages small projects and begins to manage the interaction with non-Actuarial departments.
- Mentor Sr Actuarial and Actuarial Analysts
- Implement process improvement, conduct peer review, and document updates to process, assumptions, data, and modeling.
- Complies with all applicable compliance requirements.
Required Job Qualifications:
- Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
- Associate of the Society of Actuaries (ASA) and Membership in the American Academy of Actuaries (MAAA).
- At least 3 years of actuarial experience.
- Verbal and written communications skills to prepare effective documentation, facilitate training and development, and participate in presentations.
- PC proficiency to include Word and Excel.
Preferred Job Qualifications:
- Access, SQL, Visual Basic or other programming skills.
- Actuarial experience in the health insurance or related field.
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HCSC Employment Statement:HCSC is committed to diversity in the workplace and to providing equal opportunity and affirmative action to employees and applicants. We are an Equal Opportunity Employment / Affirmative Action employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Drug screening and background investigation are required, as allowed by law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.