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The IBC Actuarial Development Program

Achieving an FSA

The Independence Blue Cross (IBC) Actuarial Development Program is a unique career development opportunity for associates working in the actuarial field. The program is designed to give associates financial incentives, training, and an environment that promotes completion of actuarial exams and continuing education. In addition, IBC aspires to assist each associate to achieve his or her goals by providing time at work for study, work experience opportunities, education, and financial remuneration.

Benefits of the program

Flexible study time

Associates will be provided with time to study as they prepare for the actuarial exams. Please note that study hours are subject to change and vary by exam.

Career and professional development

IBC helps associates develop their career through:

• Rotations. The main purpose of rotations is to provide a vehicle for an associate’s job enrichment and career development through a series of rotations within the Actuarial Department or other designated departments. Each rotation will enhance the skill set and competency level of the associates, thereby preparing them for a full understanding of the actuarial field as it relates to health insurance.
  
  
• Salary and grade level increases. Examination increases recognize progress toward Fellowship and are awarded based on exams passed. Participants who meet the minimum years of experience and exam requirements may be eligible for salary grade promotions. Participants are also eligible for an additional base pay increase awarded upon attainment of Associateship or Fellowship status in the Society of Actuaries.

Expenses

Many fees and materials costs will be paid by IBC, including examination registration fees, study materials, and seminar expenses.

Program methodology

The program offers the following features:

• dynamic rotations throughout the Actuarial Department and IBC;
  
  
• semiannual review sessions with managers and the program facilitator;
  
  
• study time and expense reimbursement.

Goals of the program

Among the key goals of the Actuarial Development Program are:

• promoting successful attainment of the FSA designation;
  
  
• giving associates a unique career development opportunity in the actuarial field;
  
  
• developing and retaining a professional actuarial staff.

Interested?

If you would like more information about the IBC Actuarial Development Program, please contact the Human Resources actuarial recruiter at recruiter-actuary@ibx.com, or call 1-877-775-JOBS.