Managing Actuary

Posted 11 Hours Ago
Be an Early Applicant
Chicago, IL
89K-160K Annually
Mid level
Healthtech • Insurance
The Role
The Managing Actuary is responsible for managing the development and analysis of actuarial models, ensuring compliance with actuarial standards, and effectively communicating complex information through presentations. This role includes hands-on management of actuarial analysts and requires a deep understanding of specific actuarial areas or business segments.
Summary Generated by Built In

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.

Job Description:

  • Develops advanced models and processes for complicated scenarios and teaches others how to develop models. Ensures that the modeling is being done appropriately, efficiently and in a timely manner.
  • Complies with all applicable compliance requirements and all Actuarial Standards of Practice.
  • Communicates effectively within the Finance Division. Ensures that presentations are accurate, effective and completed on time. Has ability to develop written and oral presentations that clearly drive the delivery of information for decision making.
  • Develops all internal (Actuarial) and external (other areas within the Company) relationships necessary to accomplish goals.
  • Understands basic business and actuarial concepts and models. Deeply understands certain actuarial areas and/or at least one business segment.
  • Manages day to day projects that may include non-Actuarial departments.
  • Likely hands on management and development of Actuarial Analysts and/or Senior Actuarial Analysts.
  • Ensures that continuous improvements are being made in the various work being managed.


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:

  • Access, SQL, Visual Basic or other programming skills.


Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!


HCSC Employment Statement:

We are an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, 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$88,700.00 - $160,200.00

Top Skills

Access
SQL
Visual Basic
The Company
HQ: Chicago, IL
13,563 Employees
On-site Workplace

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.

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