Actuarial Analyst

$48,600 - $107,300/Yr

Health Care Service Corporation - Chicago, IL

Full-time - Entry Level

Chicago, IL

Insurance Carriers and Related Activities

About the position

The Actuarial Analyst position at HCSC involves participating in the implementation, maintenance, and basic analysis of actuarial models and systems. The role focuses on pricing, underwriting, statistics, reserving, and forecasting, while also developing essential communication and presentation skills. The analyst will work on building and analyzing models, ensuring compliance, and beginning to manage small projects, with the potential to oversee an actuarial intern.

Responsibilities

• Runs models and builds basic models.
• Performs basic analysis to understand the results of the modeling.
• Complies with all applicable compliance requirements.
• Communicates effectively with other Actuarial Analysts and Actuarial management.
• Begins to develop oral and written business presentation skills.
• Develops relationships with other Actuarial Analysts.
• Begins to learn basic business and actuarial concepts and applies them in business-specific situations.
• Begins minimal management of small projects and daily activities.
• Makes improvements to process and models.
• Participates in the Actuarial Student Program if not a credentialed actuary.

Requirements

• Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
• Completion of 1 ASA (Associate of the Society of Actuaries) exam equivalent based on specifications in the Society of Actuaries' Education and Examination System.
• Verbal and written communications skills to prepare effective documentation, facilitate training and development, and participate in presentations.
• PC proficiency to include Word and Excel.

Nice-to-haves

• Access, SQL, Visual Basic or other programming skills.
• Actuarial Internship or Actuarial Experience in the health insurance or related field.

Benefits

• Professional development opportunities
• Inclusive workplace environment
• Employee referral process