Join HCSC and be part of a purpose-driven company that will invest in your professional development.
Job Summary
This position can be located in either Chicago, IL or Richardson, TX.
What Are Your Responsibilities?
This position is responsible for participating in implementation, maintenance and basic analysis of models, studies and systems which use actuarial principles for the purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions; running, building and analyzing results of basic models; developing oral and written presentation skills; and learning basic business and actuarial concepts.
What Do You Need to Be Successful?
- Comply with HIPAA, Diversity Principles, Corporate Integrity, Compliance Program policies and other applicable corporate and departmental policies.
- Ability to run models and build basic models. Performs basic analysis to begin to understand the results of the modeling.
- Make improvements to process and models.
- Communicate effectively with other Actuarial Analysts and Actuarial management. Developed oral and written business presentation skills.
- Develop relationships with other Actuarial Analysts.
- Begin to learn basic business and actuarial concepts. Apply general learnings in business specific situations.
- Begin minimal management of small projects and daily activities.
- Potential to manage an actuarial intern.
- Must participate in the Actuarial Student Program, if not a credentialed actuary (ASA or FSA).
- Actuarial Internship or Actuarial Experience in the health insurance or related field is preferred.
- Verbal and written communications skills to prepare effective documentation, facilitate training and development, and participate in presentations.
- Practical, developed technical skills, especially Excel, Access, SQL and Visual Basic.
What Are the Requirements You Must Meet?
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or Economics. Other Bachelor (or higher) degrees may be considered.
- Graduation date between December 2024 and June 2025
- A minimum GPA of 3.0/4.0
- Completion of 1 ASA (Associate of the Society of Actuaries) exam equivalent based on specifications in the Society of Actuaries Education and Examination System.
- Unrestricted authorization to work in the United States (We are not sponsoring work visas for this role)
What Does the New Grad Program Entail?
- Formal New Employee Orientation to build business and industry acumen
- Challenging real-world hands-on project
- Quarterly networking opportunities & professional development workshops among peers and company leaders
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.
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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
$48,600.00 - $107,300.00
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.