Actuarial Analyst Jobs

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 Actuarial Analyst assists management by performing assigned actuarial work within the department. The incumbent summarizes masses of data into concise and meaningful reports, as well as reconciles results of analysis with other available data. These reports support the department's research and analysis including trend analysis, pricing, reserving, and forecasting.

• Good oral and written communication skills
• Experience using Microsoft Word and Excel
• Strong attention to detail
• Bachelor’s Degree in Mathematics, Statistics, Economics, Finance, Actuarial Science, or a related field
• Organizational and time management skills to work independently and manage multiple priorities effectively
• Experience using Microsoft PowerPoint preferred
• Excellent analytical and problem solving skills
• Successful completion of at least 1 exam as administered by the Society of Actuaries (not including any modules completed)
• Excellent interpersonal skills to interact and build professional relationships with all levels of staff
• 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. preferred
• Experience using data visualization tools preferred
• Experience using Structured Query Language (SQL), R, Python, or similar programming languages preferred