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Actuarial Analyst

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Medical Mutual
Full Time position
Listed on 2026-02-16
Job specializations:
  • Finance & Banking
    Actuary, Financial Analyst, Risk Manager/Analyst
  • Insurance
    Actuary, Financial Analyst, Risk Manager/Analyst, Insurance Analyst
Salary/Wage Range or Industry Benchmark: 60000 - 80000 USD Yearly USD 60000.00 80000.00 YEAR
Job Description & How to Apply Below

Description

Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.2 million members through our high‑quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self‑funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement, and individual plans.

Under direct supervision from a qualified health actuary, performs basic actuarial analyses, assists in preparing internal management information and financial reports and/or external filings, and design of new and revised reports. Extracts, compiles, prepares, and analyzes data and communicates results and findings. Leads or assists in analysis, research, and enhancement of actuarial processes that impact financial results for the Company.

Responsibilities Actuarial Analyst I
  • Prepares routine to moderately complex internal management information and actuarial/financial reports and/or external filings, following established procedures.
  • Assists in the revision and/or design of internal reports and/or external filings as required and assists in preparing related automation requests as necessary.
  • Assists in responding to questions regarding internal reports and/or external filings.
  • Assists in conducting actuarial analysis for rate‑making purposes on existing and new products, using the concepts of trend, development, credibility, and present value, as appropriate.
  • Assists in conducting actuarial analysis for the determination of adequate reserve levels.
  • Makes efficient use of automation tools to improve the timeliness, accuracy, and content of reports, or to support actuarial research and experience.
  • Assures that written job procedures are maintained on all reports where responsibility exists and recommends improvements in procedures to save time, improve accuracy or improve the usefulness of the information.
  • Monitors results of assigned area of responsibility, noting unexpected results.
  • Performs other duties as assigned.
Actuarial Analyst II
  • Prepares routine to moderately complex internal management information and actuarial/financial reports and/or external filings, following established procedures.
  • Assists in the revision and/or design of internal reports and/or external filings as required and assists in preparing related automation requests as necessary.
  • Assists in responding to questions regarding internal reports and/or external filings.
  • Assists in conducting actuarial analysis for rate‑making purposes on existing and new products, using the concepts of trend, development, credibility, and present value, as appropriate.
  • Assists in conducting actuarial analysis for the determination of adequate reserve levels.
  • Makes efficient use of automation tools to improve the timeliness, accuracy, and content of reports, or to support actuarial research and experience.
  • Performs other duties as assigned.
Actuarial Analyst III
  • Prepares routine to moderately complex internal management information and actuarial/financial reports and/or external filings, following established procedures.
  • Assists in the revision and/or design of internal reports and/or external filings as required and assists in preparing related automation requests as necessary.
  • Responds to questions regarding internal reports and/or external filings.
  • Conducts actuarial analysis for rate‑making purposes on existing and new products, using the concepts of trend, development, credibility, and present value, as appropriate.
  • Conducts actuarial analysis for the determination of adequate reserve levels.
  • Makes efficient use of automation tools to improve the timeliness, accuracy, and content of reports, or to support actuarial research and experience.
  • Performs other duties as assigned.
Qualifications Actuarial Analyst I

Education and Experience
  • Bachelor's Degree in mathematics, actuarial science, statistics, or related field. Master's Degree a plus.
  • 0
    -1 year of experience as an Actuarial Analyst or equivalent experience/training.
Professional Certification(s)
  • Has passed 1 or more Society of Actuaries exams.
Knowledge
  • Demonstrated effective and diplomatic oral and…
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