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Associate Actuary
Ref No.: 18-16929
Location: Chicago, Illinois
Associate Actuary
Chicago, IL
Permanent Position

Must be US Citizen or Green Card Holder


Job description

Position Purpose: Conduct analysis, pricing and risk assessment to estimate financial outcomes. Manage health plan specific actuarial needs and produce actuarial reports to aid in developing corporate strategy.

  • Serve as the main point of contact for all actuarial related activities for an assigned health plan
  • Manage at least 1 health plan
  • Apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes
  • Developing probability tables based on analysis of statistical data and other pertinent information
  • Research and analyze the impact from legislative changes
  • Analyze and evaluate required premium rates
  • Assess cash reserves and liabilities enable payment of future benefits
  • Analyze various data reports, identify trends and gaps and recommend action
  • Determine the equitable basis for distributing money for insurance benefits
  • Create and update actuarial reports
  • Participate in merger and acquisition analysis
Qualifications:
Bachelor's degree in related field or equivalent experience.
3+ years of actuarial experience.

License/Certification: Associate of the Society of Actuaries (ASA)