Health Benefits Actuarial Analyst — Data & Modeling Focus

Lockton Companies; Chicago (IL); On-site; USD 70,000 - 95,000; Full time

Job summary

Lockton Companies LLC in Chicago, IL is seeking an Associate Actuarial Analyst to support data collection, validation, and integration for client reports. You will assist in financial and actuarial analyses for self‑funded health plans and help deliver insights to clients.

The role emphasizes developing actuarial modeling skills, communication with client teams, and building familiarity with internal systems and tools in a collaborative environment.

Qualifications

• Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics, or related quantitative field.
• 2+ years of health benefits experience at a brokerage/consulting firm or insurance carrier preferred.
• Completion of actuarial exams preferred; candidates with 2 or more exams encouraged to apply.
• Strong analytical and quantitative skills with an interest in actuarial career progression.

Responsibilities

• Collaborate with client service and actuarial/financial teams to collect, validate, and reconcile data for accuracy.
• Integrate data from multiple sources into actuarial and financial client reports and deliverables.
• Prepare routine financial and actuarial reports for self‑funded clients including ongoing claim reporting and rate setting.
• Assist in delivery of comprehensive financial reporting and insights to clients related to health benefit plans.
• Build and maintain actuarial models to analyze loss trends and client plan performance.
• Prepare spreadsheets, graphs, charts, and visualization tools to communicate healthcare insights.
• Utilize modeling tools to estimate impact of health plan design changes and regulatory changes.
• Support development of health plan reserve estimates for self‑funded clients.
• Produce custom analytics and reporting for unique client requests.
• Learn and apply internal systems, tools, and modeling platforms to improve accuracy.

Skills

Health benefits knowledge

Analytical skills

Excel

Communication

SQL

Python

Education

Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics, or related quantitative field

Tools

VBA

SQL

Python

Job description

Lockton Companies LLC in Chicago, IL is seeking an Associate Actuarial Analyst to support data collection, validation, and integration for client reports. You will assist in financial and actuarial analyses for self‑funded health plans and help deliver insights to clients.

The role emphasizes developing actuarial modeling skills, communication with client teams, and building familiarity with internal systems and tools in a collaborative environment.