Jobs › Health Care Service Corporation

Staff Actuary

Health Care Service Corporation · Chicago, IL · $92,700–$167,500 a year

Posted Sep 28, 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 time you worked with high autonomy and made a call your manager later questioned.

What they are checking: Whether they use independence responsibly and can explain their reasoning.

Tell me about a small project you managed. What went well and what slipped?

What they are checking: Basic project management and honesty about what they would change.

How do you stay organized with recurring deliverables and ad hoc requests landing at the same time?

What they are checking: Reliability on scheduled work like reserving cycles while still handling urgent questions.

What would you do

How do you explain the same reserving result to an actuarial peer and then to a sales leader?

What they are checking: Ability to tailor communication to different audiences, which the posting stresses.

You notice the data feeding your model changed format this month and some claims look duplicated. What do you do?

What they are checking: Data skepticism and whether they stop to validate before results go out.

About the work

Which market or business segment do you know best, and what are the main cost drivers in it today?

What they are checking: The in-depth segment knowledge the posting asks for, beyond general actuarial theory.

Walk me through how you would develop a premium rate for a group health product from experience data.

What they are checking: Command of trend, credibility, benefit adjustments and margins in a real pricing workflow.

As an ASA and MAAA, when would you decline to sign off on an analysis?

What they are checking: Understanding of professional standards and qualification, and the backbone to use them.

How do you check that a forecast is reasonable before sharing it?

What they are checking: Habits like comparing to prior periods, testing sensitivity and reconciling to source totals.

Medical trend is rising faster than expected. How would you figure out whether it is utilization, unit cost or mix?

What they are checking: Ability to decompose trend, which drives pricing and reserving decisions in health insurance.

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 The Staff Actuary uses statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of company decisions or situations. They have an in-depth knowledge of at least one market or business segment and operate with a high level of autonomy for daily purposes of pricing, underwriting, statistics, reserving, forecasting and other actuarial functions. This position can communicate complicated concepts, information, and recommendations regarding process, data, analysis, and results, while catering information to different audiences as needed. As necessary, position manages small projects with limited interaction outside Actuarial department. 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). * At least 3 years of actuarial experience. * 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. * Actuarial experience in the health insurance or related field * Experience in Financial Forecasting and Membership Forecasting * Actual to Expected Analysis experience * Experience in Financial Reporting Please note that this role is HYBRID with an in-office requirement of 3 days a week and VISA sponsorship is NOT 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. We are a drug-free and smoke-free workplace. Employment may be contingent upon successful completion of drug screening in accordance with applicable law. Base Pay Range $92,700.00 - $167,500.00 Exact compensation may vary based on skills, experience, and location.

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