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Health Care Service Corporation

Health Care Service Corporation

Director Actuary for Health Benefits (a subsidiary of Health Care Service Corporation)

Director Actuary for Health Benefits (a subsidiary of Health Care Service Corporation)

Job Details
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Uploaded On
June 29, 2023
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Location
Waukegan, United States
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Remote?
No
Company Overview
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Headquarters
Chicago, IL
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Number of Employees
23000
Estimated Number of Actuaries
215
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
74%
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Overall Score
3.5 / 5
[ At HCSC, we consider our employees the cornerstone of our business and the foundation to our success. We enable employees to craft their career with curated development plans that set their learning path to a rewarding and fulfilling career.

Come join us and be part of a purpose driven company who is invested in your future!

Job Summary

Welcome to a team of caring and passionate people who work each day to meet the needs of our members and clients. At Health Benefits, you will be part of an organization committed to offering custom self-funded health benefits plans that manage costs - without compromising benefits - by offering innovative solutions, flexibility, transparency and customer support. We are now a subsidiary of Health Care Service Corporation, the largest customer-owned insurance company in the United States and a strategic partner of Health Benefits since 2018, giving us access to increased national scale and support. This is an exciting time to join our team and enhance our culture that emphasizes caring, diversity and inclusion, mutual respect, collaboration and service to our communities.

This position will act as a singular Actuary for Health Benefits and will support multiple teams throughout the organization. As the owner of this function this person will have leadership responsibilities and will work with Sr. Leadership on a regular basis.

Responsibilities include monitor trends and performance around medical and pharmacy claims with an eye towards identifying opportunities to positively impact company results through vendor solutions or internal practices. Collaborate with internal teams to evaluate and implement new internal and vended solutions to ensure effectiveness and value of those solutions. Represent the company in reviewing and helping to manage vendor relationships. Support company in connection client and broker meetings and presentations.

Job Requirements:
* Bachelor's Degree

* ASA certification with MAAA credential
* 10 or more years of experience in actuarial field
* Proficient in Microsoft Suite and SAS
* Strong communication skills with internal and external parties

Preferred Requirements:

* Experience with self funded medical & prescription drug programs
* FSA certification

Position will be a remote position.

At Health Benefits, you will be part of an organization committed to offering meaningful benefits to our associates to support their life outside of work. We offer a robust total rewards package for full-time associates. From health and wellness benefits, 401(k) savings plan, a minimum of 15 days' of paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, new parent paid leave, tuition reimbursement, plus other incentives.

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

HCSC Employment Statement:

HCSC is committed to diversity in the workplace and to providing equal opportunity and affirmative action to employees and applicants. We are an Equal Opportunity Employment / Affirmative Action employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Drug screening and background investigation are required, as allowed by law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. ]
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Working at 

Health Care Service Corporation

Health Care Service Corporation (HCSC) is the largest customer-owned health insurance company in the United States, serving millions of members across its five Blue Cross and Blue Shield-affiliated health plans. With a strong commitment to improving healthcare access and quality, HCSC offers rewarding career opportunities in the actuarial field. As a vital component of HCSC's operations, actuaries play a crucial role in assessing and managing risk. They analyze complex data to develop sound pricing models, ensure the financial stability of insurance products, and support the organization's mission to provide affordable and comprehensive healthcare coverage. Actuaries at HCSC work in a collaborative and innovative environment, leveraging cutting-edge tools and technologies to make data-driven decisions. They collaborate with cross-functional teams, including underwriters, product managers, and healthcare professionals, to develop effective strategies that balance risk and affordability while meeting the evolving needs of members. HCSC values professional development and fosters a culture of continuous learning. Actuaries have access to a wide range of training and development opportunities, including industry seminars, actuarial exams, and mentorship programs. They also benefit from a supportive network of experienced professionals who are dedicated to sharing knowledge and best practices. Joining HCSC as an actuary offers the chance to make a significant impact on the healthcare landscape, improve the lives of individuals and communities, and contribute to the ongoing transformation of the industry. With competitive compensation, comprehensive benefits, and a vibrant work environment, HCSC is an ideal destination for actuaries seeking a fulfilling and rewarding career in the healthcare sector.