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BLUE CROSS BLUE SHIELD OF LOUISIANA
JOB DESCRIPTION
POSITION: Actuarial Analyst III
JOB CODE: 44115
DEPARTMENT: Actuarial
STATUS: Exempt
DIVISION: Actuarial
EFFECTIVE:April 2012
POSITION PURPOSE:
Perform actuarial tasks to support department and management objectives.
NATURE AND SCOPE:
Position Location:
This position reports to the Associate Actuary.
Activities of Direct Reports:
This position has no reports.
Necessary Contacts:
In order to effectively fulfill this position the incumbent must be in contact with:
Underwriting, IT, Accounting, Marketing, other personnel as needed.
QUALIFICATIONS:
Bachelor’s degree in actuarial science or related field required. Four years of related work experience can be used in lieu of a degree.
Four years experience as an Actuarial Analyst or equivalent required.
Credit for at least 4 actuarial exams preferred.
Expert in actuarial uses of Excel software required and Access software preferred. Mainframe expertise desirable.
Excellent analytical, organizational, communication, and interpersonal skills required.
Strong technical writing skills preferred.
ACCOUNTABILITIES:
Maintains methods, systems, models and assumptions designed to project premium and claim amounts per member for the purpose of ensuring that budgeted pricing targets are as precise as possible. Maintains pricing methods, systems, models and assumptions designed to achieve targeted premium levels and ensure that a fair and appropriate premium rate is provided for each member. Communicates pricing changes to Underwriting, Marketing, Information Technology and Actuarial Systems departments and oversees testing of systems output to ensure that the correct price is implemented for each member and that benefit options are accurately quoted.
Maintains methods, systems, models and assumptions used in estimating actuarial liabilities to ensure that these elements of the financial statements are as accurate as possible.
Provides pricing support to the Marketing Development department to ensure that new products and benefits are adequately and competitively priced and that pricing is consistent with actuarial principles.
Provides support to the Underwriting Department to promote underwriting practices that are consistent with actuarial principles.
Prepares regulatory filings to ensure that the company is in compliance with related laws, regulations, and actuarial standards.
PHYSICAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the accountabilities (essential functions) of the job. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential functions.
• Job duties are performed in a normal and clean office environment with normal noise levels.
• Work is predominately done while standing or sitting.
• Physical effort is required to lift, hold, and carry objects up to 15 pounds, occasionally.
• Job duties entail using multiple body parts in a coordinated manner.
• Manual/Finger dexterity in both hands is needed to operate a keyboard and manipulate small objects.
• Sight, hearing, the ability to distinguish colors, and touching are required sensory abilities.
• The ability to read, write, calculate, visualize, and analyze are required.
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of employees so classified.
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