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Actuary - Commercial Insurance (Remote)

Blue Cross Blue Shield of Michigan · US

SUMMARY This position is responsible for performing advanced actuarial analyses, designing and preparing exhibits, developing appropriate recommendations, an...

Job description

SUMMARY: This position is responsible for performing advanced actuarial analyses, designing and preparing exhibits, developing appropriate recommendations, and communicating with business partners and senior management. Mentors and trains actuarial analysts. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. - Perform actuarial analyses for pricing, loss reserving, product development, reinsurance, capital management, and/or other financial or business purposes. - Communicate effectively: Make recommendations and present findings to appropriate audiences via creation of presentations, reports and pricing tools as applicable. - Document all work and establish or improve procedures for internal department processes. - Help design, enhance, and maintain pricing, reserving, reinsurance and forecasting models. - Work with various business units to help create and drive strategic plans and metrics. - Monitor premium and loss ratio projections and communicate status to business units and senior management. - Monitor industry results and trends and the Company’s relative performance to the industry. Monitor resulting action plans. - Provide guidance...