Actuary jobs in Arkansas

Actuary conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Being an Actuary develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Typically requires a bachelor's degree. Additionally, Actuary typically reports to a supervisor or manager. The Actuary works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Associate Actuary
  • Arkansas Blue Cross & Blue Shield
  • Little Rock, AR FULL_TIME
  • To learn more about Arkansas Blue Cross and Blue Shield Hiring Policies, please click here.

    Applicants must be eligible to begin work on the date of hire. Applicants must be currently authorized to work in the United States on a full-time basis. ARKANSAS BLUE CROSS BLUE SHIELD will NOT sponsor applicants for work visas in this position.

    Arkansas Blue Cross is only seeking applicants for remote positions from the following states:

    Arkansas, Florida, Georgia, Illinois, Kansas, Louisiana, Minnesota, Mississippi, Oklahoma, South Carolina, Tennessee, Texas, Virginia and Wisconsin.

    Workforce Scheduling
    Remote

    Job SummaryThe Actuary is directly involved with the gain and loss equation for the Enterprise. The primary responsibilities include those of rate making for risk assumption products and the setting of liabilities for those same products at all financial reporting points in time. The former determines the parameters for profitability for the Enterprise via the cost-based alignment of expected costs vs. product price. The latter is a score keeping function that aligns the same two issues in retrospect.

    Requirements

    EDUCATION

    Bachelor's degree in Mathematics, Actuarial Science, Statistics, Economics, Computer Science, Business or other quantitative-related field.

    LICENSING/CERTIFICATION

    Associate in the Society of Actuaries required.

    Member in the American Academy of Actuaries preferred.

    EXPERIENCE

    Minimum five (5) years' actuarial experience, with majority of experience in healthcare and with demonstrated progression in the Actuarial Analyst track.

    Proficient experience in the use of relational databases, statistical packages, spreadsheet and/or database application.

    Experience in rate-making, valuation of assets and liabilities, and experience studies for at least one product type

    Possess advanced knowledge of the healthcare financing industries with emphasis on managed care delivery models.

    Above average reviews as a Senior or Lead Actuarial Analyst.

    ESSENTIAL SKILLS & ABILITIES
    Mathematical Reasoning Skills
    Critical Thinking
    Detail-Oriented
    Verbal and Written Communication Skills
    Microsoft Excel Data Analysis
    Microsoft Access VBA
    Stress Management
    Analytical Problem Solving
    Sound Judgment
    Self Motivation

    SkillsAnalytical Problem Solving, Critical Thinking, Detail-Oriented, Mathematical Reasoning Skills, Microsoft Access VBA, Microsoft Excel Data Analysis, Self Motivation, Sound Judgment, Stress Management, Verbal and Written Communication Skills

    ResponsibilitiesCollaborating with internal and external partners to solve complex issues., Compiling, analyzing, and/or developing essential data for Enterprise objectives., Designing, testing, and evaluating models to further Enterprise goals, including minimizing risk and/or maximizing profitability., Developing controlled processes and reliable calculations for liability estimates (IBNR, risk adjustment, provider incentive payments, etc.)., Estimating projections for pricing, reserves and/or cash flow purposes, especially to determine rate accuracy., Forecasting product performance and analyzing variances from previous forecasts to identify emerging trends., Presenting actuarial models, exhibits, and forecasts to internal and external customers. Ability to represent the Actuarial Division and Actuarial Profession well., Providing actuarial advice to upper-level management. Ability to communicate recommendations clearly and confidently., Providing timely and accurate information that demonstrates compliance with federal and state regulations., Representing the Actuarial Division with compentency and professionalism to internal and external stakeholders., Supporting development of new products and services for the Enterprise., Working with and acting as a mentor to Data Analysts and Actuarial Analysts, and helping maintain an environment that encourages learning.

    Certifications

    Security Requirements

    This position is identified as level three (3). This position must ensure the security and confidentiality of records and information to prevent substantial harm, embarrassment, inconvenience, or unfairness to any individual on whom information is maintained. The integrity of information must be maintained as outlined in the company Administrative Manual.

    Segregation of Duties

    Segregation of duties will be used to ensure that errors or irregularities are prevented or detected on a timely basis by employees in the normal course of business. This position must adhere to the segregation of duties guidelines in the Administrative Manual.

    Employment TypeRegular

    ADA Requirements

    1.1 General Office Worker, Sedentary, Campus Travel - Someone who normally works in an office setting or remotely and routinely travels for work within walking distance of location of primary work assignment.

     

  • 24 Days Ago

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Associate Actuary
  • Highmark Health
  • AR, AR FULL_TIME
  • Description JOB SUMMARY This job is a senior level actuarial analyst position that initiates and leads the development of actuarial studies and analyses, making appropriate recommendations to actuaria...
  • 1 Month Ago

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Associate Actuary, SPA-Rx
  • Humana
  • Arkansas, AR FULL_TIME
  • Description of BenefitsHumana, Inc. and its affiliated subsidiaries (collectively, Humana ) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encoura...
  • 18 Days Ago

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Model Development Actuary, Long Term Care
  • Genworth Financial
  • Arkansas, AR FULL_TIME
  • At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet famil...
  • 24 Days Ago

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US E-GPS Consulting - Health Actuary Consultant Profile Hire - HC/OT
  • Deloitte US
  • Little Rock, AR FULL_TIME
  • Are you interested in working in a dynamic environment that offers opportunities for professional growth and new responsibilities? Are you interested in helping clients drive alignment with their busi...
  • 3 Days Ago

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Actuary
  • Amtex Systems Inc.
  • Atlanta, GA
  • Role – Actuary – 3 Roles Location – ON site preferred, open to remote. Length 9 months Scope: Coordinates, prepares, and...
  • 3/28/2024 12:00:00 AM

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Actuary
  • USAA
  • Colorado Springs, CO
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/28/2024 12:00:00 AM

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Actuary
  • Vaco
  • San Antonio, TX
  • Vaco has an invaluable opportunity for individuals with a passion for data science and interest in the insurance industr...
  • 3/27/2024 12:00:00 AM

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ACTUARY
  • PRI Technology
  • Whitehouse Station, NJ
  • Job Description Job Description ACTUARY My name is Bill Stevens and I have a new twelve month plus Actuary opportunity a...
  • 3/26/2024 12:00:00 AM

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Actuary
  • USAA
  • Phoenix, AZ
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/26/2024 12:00:00 AM

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Actuary
  • USAA
  • Tampa, FL
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/25/2024 12:00:00 AM

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Actuary
  • USAA
  • San Antonio, TX
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/25/2024 12:00:00 AM

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Actuary
  • Insight Global
  • Columbus, OH
  • Day to Day: As an Actuary, you'll show a mastery of business operations, systems and actuarial methodologies. You will p...
  • 3/24/2024 12:00:00 AM

Arkansas (/ˈɑːrkənsɔː/ AR-kən-saw)[c] is a state in the southern region of the United States, home to over 3 million people as of 2018. Its name is of Siouan derivation from the language of the Osage denoting their related kin, the Quapaw Indians. The state's diverse geography ranges from the mountainous regions of the Ozark and the Ouachita Mountains, which make up the U.S. Interior Highlands, to the densely forested land in the south known as the Arkansas Timberlands, to the eastern lowlands along the Mississippi River and the Arkansas Delta. Arkansas is the 29th largest by area and the 33rd...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$65,236 to $83,224

Actuary in Philadelphia, PA
An actuary can study the market, the risk it exposes their clients/firms to and try to strategize accordingly.
October 07, 2019
Actuary in Raleigh, NC
Reserving actuary does this by studying patterns from the past or expert opinion.
December 05, 2019
Actuary in Vincennes, IN
It provides a useful starting point for those considering a career as an actuary.
December 12, 2019