Actuary

Are you a highly analytical individual with a passion for using data to make impactful business decisions? Do you have a strong understanding of risk management and a knack for forecasting trends? If so, Highmark Health is looking for an Actuary to join our team. As an Actuary, you will play a critical role in helping us make informed decisions that directly impact the success of our organization. To excel in this role, you will need a Bachelor's degree in Mathematics, Statistics, or a related field, as well as relevant experience in the insurance industry. Additionally, you must possess excellent communication skills, attention to detail, and the ability to think critically and creatively. Join us and be a part of a dynamic team that is shaping the future of healthcare.

1. Conduct thorough data analysis to identify trends, patterns, and potential risks in the insurance industry.
2. Use statistical models and actuarial techniques to forecast future trends and risks.
3. Collaborate with various departments within the organization to understand business needs and provide data-driven insights.
4. Develop and maintain actuarial reports and documentation to support decision-making processes.
5. Monitor and evaluate the financial performance of insurance products and make recommendations for improvement.
6. Stay up-to-date with industry trends, regulations, and best practices in actuarial science.
7. Communicate complex actuarial concepts and findings to non-technical stakeholders in a clear and concise manner.
8. Work closely with underwriters and other team members to develop and price insurance products.
9. Develop and maintain relationships with external partners, such as reinsurers and regulatory bodies.
10. Continuously analyze and improve actuarial processes and procedures to increase efficiency and accuracy.
11. Ensure compliance with all relevant regulations and guidelines.
12. Collaborate with the finance team to ensure accurate reporting of actuarial data.
13. Conduct ad-hoc analysis and provide recommendations to support business initiatives.
14. Mentor and train junior team members on actuarial techniques and best practices.
15. Participate in professional development opportunities to stay current in the field of actuarial science.

According to JobzMall, the average salary range for a Actuary is between $70,000 to $140,000 per year. However, salaries can vary greatly depending on experience, qualifications, and location. Some experienced actuaries can earn upwards of $200,000 per year. Additionally, salaries for actuaries can also be impacted by the industry they work in, with those in the insurance and finance industries typically earning higher salaries.

Highmark Inc. is among the largest health insurers in the United States and the fourth-largest Blue Cross and Blue Shield-affiliated company. Highmark and its diversified businesses and affiliates operate health insurance plans in Pennsylvania, Delaware and West Virginia that serve 5.2 million members. Its diversified health businesses serve group customer and individual health needs across the United States through dental insurance, vision care and other related health businesses. Highmark is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield companies.