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Job SummaryThis position is responsible for directing the work of a team of actuaries, long term projects and work streams or for providing insight and guidance to long term projects and work streams that require unique skills; setting or participating in setting the strategy for success in the area; and developing compelling written and oral presentations that drive the delivery of information for high-level decision making must also possess and demonstrate an expert level understanding of actuarial concepts, multiple actuarial areas and at least one business segment.Job Responsibilities:
* Ensures that the appropriate modeling is being done and that the team continues to develop technically. Develops and drives the strategy for the most appropriate tools, technology and resources for the team to use.
* Complies with, monitors their staff for compliance with, and ensures that their areas have appropriate monitoring in place for all applicable compliance requirements and Actuarial Standards of Practice.
* Communicates effectively across the company and with external parties. Ensures that the appropriate information is making its way to all levels of the organization. Has ability to recommend a course of action based on 360 view of the business and develop compelling written and oral presentations that clearly drive the delivery of information for high-level decision making.
* Determines strategies to develop and improve key relationships in the areas and with external areas. Determines all areas where key relationships should exist.
* Understands actuarial concepts, multiple actuarial areas and at least one business segment all at expert level.
* Directs the work of a team of actuaries and possibly non-actuaries. Manages long term projects and work streams. Sets the strategy for success in the area.
* Manages and develops a team of Managers and potentially some analysts. Supports, guides and prepares managers for difficult conversations with staff.
* Drives and demonstrates a continuous improvement culture in the department.
Required Job Qualifications:
* Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
* Fellow of the Society of Actuaries (FSA) and Membership in the American Academy of Actuaries (MAAA). In place of attainment of FSA, 4 years of actuarial experience in the health insurance field at the ASA level may be substituted. Compliance with all the membership requirements for each professional designation.
* At least 7 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.
* Overseeing the annual budget and allocating resources for various projects and operational needs.
* Translating needs and initiatives into compelling business cases.
* Conducting cost-benefit analyses to justify investments and ensure ROI.
Preferred Job Qualifications:
*Experience supporting Individual and Small Group health insurance products including level-funded products
*Knowledge of ACA market dynamics, risk adjustment, rate development, product strategy, and regulatory requirements.
*This is a hybrid role, in office 3 days/week
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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 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.
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.
Base Pay Range$133,400.00 - $247,700.00Exact compensation may vary based on skills, experience, and location.
Skills Required
- Bachelor's degree in Actuarial Science, Mathematics, Statistics or Economics (other degrees may be considered).
- Fellow of the Society of Actuaries (FSA) and Membership in the American Academy of Actuaries (MAAA); or 4 years actuarial experience in health insurance at the ASA level as substitute.
- At least 7 years of actuarial experience in the health insurance or related field.
- Expert-level understanding of actuarial concepts, multiple actuarial areas, and at least one business segment.
- Experience directing the work of actuarial teams and managing long-term projects and work streams.
- Experience ensuring compliance with Actuarial Standards of Practice and monitoring staff compliance.
- Verbal and written communication skills to prepare documentation, presentations, and facilitate training.
- PC proficiency including Microsoft Word and Microsoft Excel.
- Experience overseeing annual budgets and allocating resources for projects and operations.
- Ability to translate initiatives into business cases and conduct cost-benefit analyses to justify investments and ensure ROI.
- Experience managing and developing managers and analysts, including coaching for difficult conversations.
- Experience supporting Individual and Small Group health insurance products including level-funded products.
- Knowledge of ACA market dynamics, risk adjustment, rate development, product strategy, and regulatory requirements.
- Ability to work hybrid, in office 3 days/week.
Health Care Service Corporation Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Health Care Service Corporation and has not been reviewed or approved by Health Care Service Corporation.
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Retirement Support — A pension plan alongside a matching 401(k) is offered, an uncommon combination in the private sector. This combination is described as a standout element that helps retain employees.
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Healthcare Strength — Healthcare options are broad, with multiple medical, dental, and vision choices, wellness incentives, and access to resources like on-site fitness centers and an EAP. These offerings add meaningful value beyond base pay.
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Parental & Family Support — Paid parental leave (up to six weeks at full pay after one year), adoption assistance, and mothers’ rooms are available. These supports reinforce family needs alongside work commitments.
Health Care Service Corporation Insights
What We Do
Imagine Something New, Something Different. Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families. HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development. HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC. Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization. Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.
