Jobs › Health Care Service Corporation

Sr Managing Actuary

Health Care Service Corporation · Chicago, IL · $112,200–$202,600 a year

Posted Jul 31, 2026 · We last checked this listing on Oct 6, 2026

Apply at Health Care Service Corporation

Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a time you presented an actuarial result that leadership did not want to hear.

What they are checking: Whether they hold their professional position under pressure and still frame it so decision makers can act.

How do you teach a junior analyst to build a model, not just run one?

What they are checking: Whether they can develop people, since teaching others to model is part of this job.

Tell me about a model or process you improved that changed how decisions got made.

What they are checking: Whether their work has had real business impact beyond producing accurate numbers.

What would you do

Claims experience is running well above what was priced for a block of business midyear. What do you do?

What they are checking: Ability to diagnose whether it is trend, mix, timing or data, and to communicate early with the business.

You are running a project with underwriting, finance and an outside consultant. How do you keep it on track when their timelines conflict?

What they are checking: Project leadership across groups that do not report to them.

About the work

You will manage actuarial models used for pricing, reserving and forecasting. How do you decide when a model needs a rebuild rather than another patch?

What they are checking: Judgment about model risk and the cost of carrying a fragile model forward year after year.

Walk me through how you would critically review a pricing model built by someone on your team.

What they are checking: Whether they check assumptions, data and results for reasonableness rather than only re-running the numbers.

As an MAAA, how do the actuarial standards of practice shape the way you document and sign off on work?

What they are checking: Real understanding of professional responsibility and qualification standards, not just holding the credential.

Which business segment do you know deeply, and what drives profitability in it right now?

What they are checking: Depth in at least one segment such as group, individual or Medicare, as the posting requires.

How would you explain IBNR reserves and their uncertainty to a non-actuarial executive?

What they are checking: Ability to translate a technical estimate into what it means for the business without false precision.

Practice this interview out loud.

Offer builds a real interview for this exact role at Health Care Service Corporation from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

Practice this out loud

The full job description

As published by Health Care Service Corporation.

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. Job Summary This position is responsible for managing the implementation, maintenance and critical review and analysis of models, studies and systems which use actuarial principles for the purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions. Developing complicated models and teaching others how to develop models; developing written and oral presentations that drive the delivery of information for decision making; and managing complex day-to day projects that may include non-actuarial departments and external parties. Must also possess and demonstrate a deep understanding of multiple actuarial areas and at least one business segment. 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). Compliance with the membership requirements for each professional designation. • At least 5 years of actuarial experience in the health insurance or related field. • At least 2 years of experience in management/ lead capacity • 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: • SQL, Visual Basic or other programming skills. • Medicare part D experience is welcome • Medicaid experience is welcome Please note that this role is HYBRID with an in-office requirement of 3 days a week and NO VISA Sponsorship is available for this role. #LI-LK1 #LI-Hybrid #INJLF Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process! Pay Transparency Statement: At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees. Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards . The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan. HCSC Employment Statement: We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are 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 $112,200.00 - $202,600.00 Exact compensation may vary based on skills, experience, and location.

Apply at Health Care Service Corporation