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Sr Staff Actuary

Health Care Service Corporation · Chicago, IL · $102,000–$184,300 a year

Posted May 4, 2026 · We last checked this listing on Oct 6, 2026

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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 model you built that other people now use. How did you make it usable?

What they are checking: Whether they build models with documentation and design that others can trust and maintain.

How would you teach a newer analyst to check their own model for errors?

What they are checking: Whether they can teach model building, as the posting expects.

Tell me about a time you managed a project with tight deadlines and several stakeholders.

What they are checking: Whether they can manage day-to-day projects, including ones beyond actuarial.

What would you do

How would you present a study's results to a non-actuarial audience who needs to make a decision?

What they are checking: Whether they can make actuarial work useful to business decision makers.

A department outside actuarial gives you data that looks wrong. What do you do?

What they are checking: Whether they validate inputs and work with the source to fix data rather than ignoring it.

About the work

Walk me through the main steps in a health insurance rate development.

What they are checking: Whether they know the pricing process from experience data to final rates in a logical order.

How do you decide how much credibility to give a group's own claims experience?

What they are checking: Whether they understand credibility theory and apply it with sound judgment.

Your reserve estimate is noticeably different from last month's. How do you explain it?

What they are checking: Whether they can trace a change to its causes, such as claims patterns or assumptions.

Which actuarial area or business segment do you know best, and what are its biggest risks right now?

What they are checking: Whether they have the deep understanding of one area that the role requires.

How do you document assumptions so that another actuary could pick up your work?

What they are checking: Whether they follow good documentation practice in line with actuarial standards.

Practice this interview out loud.

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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 day-to day projects that may include non-Actuarial departments. Must also possess and demonstrate a deep understanding of one actuarial area or 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. • 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. 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 $102,000.00 - $184,300.00 Exact compensation may vary based on skills, experience, and location.

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