Health Care Service Corporation

Staff Actuary

Health Care Service Corporation$92K — $167K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or Economics (other degrees may be considered).
  • Associate of the Society of Actuaries (ASA) and Member of the American Academy of Actuaries (MAAA).
  • Minimum of 3 years actuarial experience.
  • Strong verbal and written communication skills for documentation and presentations.
  • Proficient in PC software including Word and Excel.

Responsibilities

  • Analyze the financial impact of company decisions using statistics and financial theories.
  • Perform pricing, underwriting, forecasting, and reserving duties independently.
  • Prepare and present complex information in an understandable manner to various audiences.
  • Conduct small project management activities within the Actuarial department.
  • Support decision-making with data analysis and results interpretation.

Benefits

  • Robust health and wellness benefits package.
  • 401(k) savings plan and pension plan options.
  • Paid time off and paid parental leave.
  • Disability insurance and supplemental life insurance.
  • Employee assistance program and paid holidays.
  • Tuition reimbursement and other incentives.
Full Job Description

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.

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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 .

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plansubject to the terms and the conditions of the plan.

Base Pay Range
$92,700.00 - $167,500.00

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

About Health Care Service Corporation

Health Care Service Corporation (HCSC) is the largest customer-owned health insurer in the United States. HCSC offers a wide variety of health insurance products and related services, through its operating divisions and subsidiaries in Illinois, Montana, New Mexico, Oklahoma and Texas. HCSC's headquarters is located in Chicago, Illinois.
Learn more about Health Care Service Corporation
Size
24,000 employees
Industry
Founded
1936

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