Director & Actuary

Health Care Service Corporation; Chicago (IL); Hybrid; USD 133,400 - 247,700; Full time

Job summary

Health Care Service Corporation in Chicago is seeking a senior actuary leader to direct a team of actuaries and manage long-term projects, setting the strategy for success and delivering clear written and oral presentations for high‑level decisions.

Candidates will hold FSA and MAAA, or ASA with 4 years health‑insurance actuarial experience; require 7+ years in the field, excellent communication, and proficiency with Word and Excel in a hybrid in-office 3 days/week setting.

Qualifications

• Fellow of the Society of Actuaries (FSA) and MAAA membership; ASA with 4 years health insurance experience may substitute if not attained.
• At least 7 years of actuarial experience in health insurance or related field.
• Excellent verbal and written communication; ability to prepare documentation and present to leadership.
• PC proficiency including Word and Excel.

Responsibilities

• Directs work of a team of actuaries and possibly non-actuaries.
• Manages long-term projects and work streams; sets strategy for success.
• Develops compelling written and oral presentations for high-level decisions.
• Communicates across the company and to external parties.

Skills

Communication

Leadership

Strategic thinking

Actuarial concepts

Cross-functional collaboration

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics or Economics

FSA/MAAA designation

Tools

Word

Excel

Job description

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

Job Summary

This position is responsible for directing the work of a team of actuaries, long term projects and work streams or for providing insight and guidance to long term projects and work streams that require unique skills; setting or participating in setting the strategy for success in the area; and developing compelling written and oral presentations that drive the delivery of information for high-level decision making must also possess and demonstrate an expert level understanding of actuarial concepts, multiple actuarial areas and at least one business segment.

Job Responsibilities

• Ensures that the appropriate modeling is being done and that the team continues to develop technically. Develops and drives the strategy for the most appropriate tools, technology and resources for the team to use.
• Complies with, monitors their staff for compliance with, and ensures that their areas have appropriate monitoring in place for all applicable compliance requirements and Actuarial Standards of Practice.
• Communicates effectively across the company and with external parties. Ensures that the appropriate information is making its way to all levels of the organization. Has ability to recommend a course of action based on 360 view of the business and develop compelling written and oral presentations that clearly drive the delivery of information for high-level decision making.
• Determines strategies to develop and improve key relationships in the areas and with external areas. Determines all areas where key relationships should exist.
• Understands actuarial concepts, multiple actuarial areas and at least one business segment all at expert level.
• Directs the work of a team of actuaries and possibly non-actuaries. Manages long term projects and work streams. Sets the strategy for success in the area.
• Manages and develops a team of Managers and potentially some analysts. Supports, guides and prepares managers for difficult conversations with staff.
• Drives and demonstrates a continuous improvement culture in the department.

Required Job Qualifications

• Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
• Fellow of the Society of Actuaries (FSA) and Membership in the American Academy of Actuaries (MAAA). In place of attainment of FSA, 4 years of actuarial experience in the health insurance field at the ASA level may be substituted. Compliance with all the membership requirements for each professional designation.
• At least 7 years of actuarial experience in the health insurance or related field.
• Verbal and written communications skills to prepare effective documentation, facilitate training and development, and participate in presentations.
• PC proficiency to include Word and Excel.

• Overseeing the annual budget and allocating resources for various projects and operational needs.
• Translating needs and initiatives into compelling business cases.
• Conducting cost-benefit analyses to justify investments and ensure ROI.

Preferred Job Qualifications

• Experience supporting Individual and Small Group health insurance products including level-funded products
• Knowledge of ACA market dynamics, risk adjustment, rate development, product strategy, and regulatory requirements.
• This is a hybrid role, in office 3 days/week

#LI-TR1

#LI-Hybrid

INJLF

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Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees. Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plansubject to the terms and the conditions of the plan.

HCSC Employment Statement:

We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.

Base Pay Range

$133,400.00 - $247,700.00

Exact compensation may vary based on skills, experience, and location.