Early Careers New Grad - Actuarial Analyst

Health Care Service Corp.; Chicago (IL); Hybrid; USD 58,000 - 104,000; Full time

Job summary

Health Care Service Corporation (HCSC) is seeking a new graduate Actuarial Analyst to join the Actuarial Student Program in Chicago. The role supports implementation, maintenance and basic analysis of actuarial models used in pricing, underwriting and forecasting.

As part of the six-month Enterprise New Grad Program, you will receive formal orientation, professional development and exposure to diverse business areas.

Qualifications

• Pursuing degree with graduation between Dec 2026 and Jun 2027.
• Unrestricted US work authorization (no visa sponsorship).
• Completion of 1 ASA exam equivalent per SOA guidelines.

Responsibilities

• Participate in implementation, maintenance and basic analysis of actuarial models and studies.
• Run and analyze results of basic models used for pricing, underwriting and forecasting.
• Develop oral and written presentation skills and learn core business concepts.

Skills

Actuarial internship

Communication skills

Education

Bachelor’s or Master’s in actuarial science / mathematics / statistics / economics

ASA exam completed

Tools

Excel

SQL

Access

Visual Basic

Word

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 participating in implementation, maintenance and basic analysis of models, studies and systems which use actuarial principles for the purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions; running, building and analyzing results of basic models; developing oral and written presentation skills; and learning basic business and actuarial concepts.

What Do You Need To Be Successful?

• Preferred: Actuarial internship or actuarial experience in health insurance or related field
• Verbal and written communication skills to prepare effective documentation, facilitate training and development, and participate in presentations.
• PC proficiency to include Word and Excel Access, SQL, Visual Basic or other preferred programming skills.

What Are the Requirements You Must Meet?

• Pursuing a bachelor’s or master’s degree in actuarial science, Mathematics, Statistics, Economics or another related quantitative field
• Graduation date between December 2026 and June 2027
• A minimum GPA of 3.0 on a 4.0 scale
• Unrestricted authorization to work in the United States (We are not sponsoring work visas for this role)
• Completion of 1 ASA (Associate of the Society of Actuaries) exam equivalent based on specifications in the Society of Actuaries Education and Examination System

What Does the New Grad Program Entail?

• New graduate Actuarial Analysts will participate in the Actuarial Student Program for role-specific technical and professional development.
• They will also participate in HCSC’s six-month Enterprise New Grad Program, which provides broader business exposure and supports the transition from college to the workplace.
• Formal New Employee Orientation to build business and industry acumen.
• Professional development sessions focused on workplace readiness, communication, relationship building and career growth.
• Exposure to HCSC business areas, leaders and career paths.
• Networking and shared learning with new graduate peers across the enterprise.
• Approximately four hours of virtual programming each month during the six-month program.

#LI-Hybrid #hcscnewgrad #LI-NB1

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.

Base Pay Range

Base Pay Range $57,500.00 - $103,800.00

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

Flex employees are expected to be in the office a minimum of three days a week. Management will have discretion to modify an employee's weekly schedule for exigent circumstances.

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.

We are a drug-free and smoke-free workplace.

Employment may be contingent upon successful completion of drug screening in accordance with applicable law.

For more than 80 years, HCSC has been dedicated to expanding access to high-quality, cost-effective health care and equipping our members with information and tools to make the best health care decisions for themselves and their families. As an industry leader, HCSC also has been helping to make the health care system work better for all Americans. To remain a leader, we offer compelling careers that encourage resourcefulness, strategic thought and empower you to make a difference in the lives of our members and their communities. Today, with the industry at an important crossroad, HCSC is reimagining health care and looking for original thinkers who aren’t afraid to make innovative contributions. We are an Equal Opportunity Employment employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Learn more about HCSC, our commitment to our members and the opportunity you’ll have to improve health care delivery in an open, collaborative environment.

If you are an individual with a disability or a disabled veteran and need an accommodation or assistance in either using the Careers website or completing the application process, you can call us at 1-866-977-7378 to request reasonable accommodations. Please note that only requests for accommodations in the application process will be returned. All applications, including resumes, must be submitted through HCSC's Career website on-line application process. If you have general questions regarding the status of an existing application, navigate to "candidate home" to view your job submissions.

Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Montana, Blue Cross and Blue Shield of New Mexico, Blue Cross and Blue Shield of Oklahoma, and Blue Cross and Blue Shield of Texas, Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, and Independent Licensee of the Blue Cross and Blue Shield Association © Copyright 2025 Health Care Service Corporation. All Rights Reserved.