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Health Care Service Corporation

Health Care Service Corporation

Senior Director and Actuary

Senior Director and Actuary

Job Details
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Uploaded On
September 21, 2023
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Location
IL - Chicago
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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

This position is responsible for directing highly complicated work teams of actuaries, long term projects and work streams or for providing insight and guidance to highly complicated long-term projects and work streams that require unique skills. Setting or participating in setting the strategy for success in the area. Developing compelling written and oral presentations to senior leadership that clearly 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 one or more business segment.

Responsibilities include:

* 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 their areas have appropriate monitoring in place for all applicable compliance requirements and all 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 develop compelling written and oral presentations to senior leadership 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 complex actuarial concepts, multiple actuarial areas and one or more business segment all at expert level. Possesses broad applicable market knowledge and has processes in place to track best practices in their areas of expertise.
* Directs highly complicated work teams. Manages long term complicated projects and work streams.
* Manages and develops a team of Directors and below. Supports and guides director in building effective teams.
* Drives a continuous improvement culture in the department. Improvements result in administrative savings or financial improvements that are recognized by peers and leadership.

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 the membership requirements for each professional designation.
* At least 8 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.

* Knowledge of healthcare industry with a focus on Medicaid

We encourage people of all backgrounds and experiences to apply. Even if you don’t think you are a perfect fit, apply anyway - you might have qualifications we haven’t even thought of yet.

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.

Apply Now

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.