Staff Actuary

Health Care Service Corp.; Chicago (IL); Hybrid; USD 93,000 - 168,000; Full time

Benefits offered by this job

Health and wellness benefits

401(k) savings plan

Pension plan

Paid time off

Job summary

Health Care Service Corporation (HCSC) is seeking a Staff Actuary in Chicago to apply statistics, financial theory, mathematics, and actuarial principles across pricing, underwriting, reserving, and forecasting.

The role requires ASA and MAAA, at least 3 years' actuarial experience, strong communication, and proficiency with Word and Excel; hybrid work with in-office 3 days per week; visa sponsorship not available.

Qualifications

• Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics.
• ASA designation and MAAA membership.
• At least 3 years actuarial experience.
• Verbal and written communications skills to prepare documentation, facilitate training and presentations.
• PC proficiency to include Word and Excel.

Responsibilities

• Apply statistics, financial theory, mathematics and actuarial principles to assess company decisions.
• Manage pricing, underwriting, statistics, reserving, forecasting and other actuarial functions.
• Communicate complex concepts clearly to different audiences; manage small projects within Actuarial.

Skills

Verbal communication

Written communication

Education

Bachelor's degree in Actuarial Science / Mathematics / Statistics / Economics

Tools

Word

Excel

Access

SQL

Visual Basic

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

The Staff Actuary uses statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of company decisions or situations. They have an in-depth knowledge of at least one market or business segment and operate with a high level of autonomy for daily purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions. This position can communicate complicated concepts, information, and recommendations regarding process, data, analysis, and results, while catering information to different audiences as needed. As necessary, position manages small projects with limited interaction outside Actuarial department.

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).
• At least 3 years of actuarial experience.
• 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

• Access, SQL, Visual Basic or other programming skills.
• Actuarial experience in the health insurance or related field
• Experience in Financial Forecasting and Membership Forecasting
• Actual to Expected Analysis experience
• Experience in Financial Reporting

Please note that this role is HYBRID with an in-office requirement of 3 days a week and VISA sponsorship is NOT available for this role.

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.

• 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

Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.

Base Pay Range $92,700.00 - $167,500.00 Exact compensation may vary based on skills, experience, and location.

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.

HCSC is committed to diversity in the workplace and to providing equal opportunity to employees and applicants.

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.

Join our talent community and receive the latest HCSC news, content, and be first in line for new job opportunities. Join our Talent Community.

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.

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.