Managing Actuary

Health Care Service Corp.; Chicago (IL); Hybrid; USD 102,000 - 184,300; Full time

Benefits offered by this job

Health and wellness benefits

401(k) savings plan

Pension plan

Paid time off

Paid parental leave

Disability insurance

Supplemental life insurance

Employee assistance program

Tuition reimbursement

Paid holidays

Job summary

Health Care Service Corp. is seeking an Actuarial professional responsible for managing the implementation and maintenance of actuarial models, requiring a bachelor's degree and ASA designation.

The incumbent will handle complex models, train others, and interact with non-actuarial departments. Benefits include health and wellness support, a 401(k) savings plan, and paid parental leave. The role offers a hybrid work model and a base pay range from $102,000 to $184,300 annually.

Qualifications

• 4+ years of actuarial experience in the health insurance field.
• Strong verbal and written communication skills.
• Proficient in PC applications, including Word and Excel.

Responsibilities

• Manage implementation and maintenance of actuarial models.
• Train others on model development and present findings.
• Manage day-to-day projects collaborating with non-actuarial departments.

Skills

Communication skills

Model development

Statistical analysis

Education

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

Associate of the Society of Actuaries (ASA)

Membership in the American Academy of Actuaries (MAAA)

Tools

Microsoft Word

Microsoft Excel

SQL

Visual Basic

Access

Job description

Job Summary

This position is responsible for managing the implementation, maintenance, and critical review and analysis of models, studies and systems which use actuarial principles for pricing, underwriting, statistics, reserving, forecasting, and other actuarial functions. The incumbent will develop complicated models, train others on model development, create written and oral presentations to support decision making, and manage day‑to‑day projects that may include non‑actuarial departments. A deep understanding of one actuarial area or business segment is required.

Required Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or Economics (other bachelor's or higher degrees may be considered).
• Associate of the Society of Actuaries (ASA) and Membership in the American Academy of Actuaries (MAAA), with compliance with the membership requirements for each professional designation.
• At least 4 years of actuarial experience in the health insurance or related field.
• Strong verbal and written communication skills for documentation, training, and presentation.
• Proficiency in PC applications, including Word and Excel.

Preferred Qualifications

• Knowledge of Access, SQL, Visual Basic, or other programming languages.
• Experience with Medicare.
• Experience planning and building out new analytical processes.
• Familiarity with clinical operational data and its use as leading indicators.

Hybrid work arrangement: in‑office requirement of 3 days a week. No visa sponsorship available.

Benefits

• Health and wellness benefits
• 401(k) savings plan
• Pension plan
• Paid time off and paid parental leave
• Disability insurance
• Supplemental life insurance
• Employee assistance program
• Paid holidays
• Tuition reimbursement

Compensation

Base Pay Range: $102,000.00 – $184,300.00. Exact compensation may vary based on skills, experience, and location. The role aligns with an annual incentive bonus plan subject to the terms and conditions of the plan.

Equal Opportunity 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. If you are a person with a disability or a disabled veteran and need an accommodation, please contact 1-866-977-7378 for assistance with reasonable accommodations related to the application process.