Managing Actuary (ACA Pricing)

HCSC Group; Chicago (IL); Hybrid; USD 102,000 - 184,000; Full time

Benefits offered by this job

Health benefits

Job summary

Health Care Service Corporation seeks a skilled actuary to manage the implementation, maintenance, and critical review of models and studies using actuarial principles for pricing, underwriting, statistics, reserving, and forecasting.

The role develops complex models, teaches others to build models, and leads day-to-day projects across departments, requiring deep expertise in a chosen actuarial area.

Qualifications

• Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics.
• ASA designation and MAAA membership.
• At least 4 years of actuarial experience in health insurance or related field.
• Strong verbal and written communication skills.
• Proficiency with Word and Excel.

Responsibilities

• Manage implementation, maintenance and critical review of actuarial models and studies.
• Apply actuarial principles to pricing, underwriting, statistics, reserving and forecasting.
• Develop and present complex models and teach others how to develop models.
• Lead day-to-day projects across departments and ensure understanding of actuarial areas.
• Demonstrate deep understanding of one actuarial area or business segment.

Tools

SQL

Access

VBA

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 managing the implementation, maintenance and critical review and analysis of models, studies and systems which use actuarial principles for the purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions; developing complicated models and teaching others how to develop models. Developing written and oral presentations that drive the delivery of information for decision making; and managing day-to day projects that may include non-actuarial departments. Must also possess and demonstrate a deep understanding of one actuarial area or business segment.

Required Job Qualifications:

• Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
• Associate of the Society of Actuaries (ASA) and Membership in the American Academy of Actuaries (MAAA). Compliance with the membership requirements for each professional designation.
• At least 4 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.

Preferred Job Qualifications:

• Experience managing and developing a team of actuaries.
• Demonstrated leadership of actuarial staff, including coaching, mentoring, performance management, and talent development.
• ACA pricing and Individual/Small Group market experience
• Proficiency in SQL, Access, VBA, or similar programming tools
• Health insurance actuarial experience preferred
• Strong analytical and data modeling skills

This is a Hybrid role with a 3 day in office requirement in any of the locations posted

No Visa Sponsorship

#LI-MG1

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 plan subject to the terms and the conditions of the plan.

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. 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. We are a drug-free and smoke-free workplace. Employment may be contingent upon successful completion of drug screening in accordance with applicable law.

Base Pay Range

$102,000.00 - $184,300.00

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