Actuary jobs in Little Rock, AR
Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Actuary jobs
- Arkansas Blue Cross & Blue Shield
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Little Rock, AR
FULL_TIME
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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.RemoteJob 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.RequirementsWorkforce Scheduling
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.
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 SkillsResponsibilitiesCollaborating 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.CertificationsSecurity Requirements
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 MotivationThis 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 DutiesSegregation 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 TypeRegularADA 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.
- 1 Month Ago
- 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...
- 24 Days Ago
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0 Actuary jobs found in Little Rock, AR area
- Prudential Financial
-
Little Rock, AR
- Explore a career as a FINANCIAL PLANNER! Take your career to the next level at Prudential Advisors! Change your life by ...
- 4/19/2024 12:00:00 AM
- Prudential Financial
-
Pine Bluff, AR
- Explore a career as a FINANCIAL PLANNER! Take your career to the next level at Prudential Advisors! Change your life by ...
- 4/19/2024 12:00:00 AM
- Prudential Financial
-
Little Rock, AR
- Explore a career as a FINANCIAL PLANNER! Take your career to the next level at Prudential Advisors! Change your life by ...
- 4/18/2024 12:00:00 AM
- Prudential Financial
-
Pine Bluff, AR
- Explore a career as a FINANCIAL PLANNER! Take your career to the next level at Prudential Advisors! Change your life by ...
- 4/18/2024 12:00:00 AM
- American Fidelity Sales Careers
-
Little Rock, AR
- Come Join the American Fidelity Educational Services Family Family Owned since 1960 We are seeking a Sales Representativ...
- 4/17/2024 12:00:00 AM
- American Fidelity Sales Careers
-
Little Rock, AR
- Come Join the American Fidelity Educational Services Family Family Owned since 1960 We are seeking a Sales Representativ...
- 4/16/2024 12:00:00 AM
- USAble Life
-
Little Rock, AR
- When it comes to making a meaningful difference in the lives of our customers and employees, USAble Life is always ready...
- 4/15/2024 12:00:00 AM
- The Curare Group
-
Little Rock, AR
- A young and vibrant university town, just outside of Little Rock, is seeking a competitive General Surgeon to join their...
- 4/15/2024 12:00:00 AM
About Little Rock, Arkansas
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