Health Care Service Corporation
Staff Actuary
Health Care Service Corporation, Chicago, Illinois, United States, 60290
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.This position 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.
Job Responsibilities:Create new actuarial models and identify improvements to existing models to analyze the probability and financial or other impacts of various scenarios.Validate modeling assumptions & recommend other possible sources for identification and validation of assumptions.Collect, integrate, analyze, and validate data from various sources, as well as recommend other possible data sources and ways to visualize and validate data.Monitor and identify trends, patterns & relationships in data and modeling results.Operate with a high level of autonomy for daily tasks and decision making.Communicate and interact effectively with other actuaries, actuarial analysts, and Actuarial management. Develop simple written and oral presentations that provide basic information for decision making and cater information to different audiences, clearly presenting complicated concepts.Develop relationships with other actuarial titles, as well as with co-workers outside of the Actuarial department.Understand business and actuarial concepts with in-depth knowledge of at least one market or business segment.Manage small projects and begin to manage the interaction with non-Actuarial departments.Mentor Sr Actuarial and Actuarial Analysts.Implement process improvement, conduct peer review, and document updates to process, assumptions, data, and modeling.Comply with all applicable compliance requirements.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.
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Job Responsibilities:Create new actuarial models and identify improvements to existing models to analyze the probability and financial or other impacts of various scenarios.Validate modeling assumptions & recommend other possible sources for identification and validation of assumptions.Collect, integrate, analyze, and validate data from various sources, as well as recommend other possible data sources and ways to visualize and validate data.Monitor and identify trends, patterns & relationships in data and modeling results.Operate with a high level of autonomy for daily tasks and decision making.Communicate and interact effectively with other actuaries, actuarial analysts, and Actuarial management. Develop simple written and oral presentations that provide basic information for decision making and cater information to different audiences, clearly presenting complicated concepts.Develop relationships with other actuarial titles, as well as with co-workers outside of the Actuarial department.Understand business and actuarial concepts with in-depth knowledge of at least one market or business segment.Manage small projects and begin to manage the interaction with non-Actuarial departments.Mentor Sr Actuarial and Actuarial Analysts.Implement process improvement, conduct peer review, and document updates to process, assumptions, data, and modeling.Comply with all applicable compliance requirements.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.
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