Medical Mutual · 15 hours ago
Actuarial Analyst
Chicago, IL 60601, USA
Full-time
Hybrid
New Grad, Entry, Mid, Senior Level
0+ years expMedical Mutual is the oldest and one of the largest health insurance companies based in Ohio, providing peace of mind to over 1.2 million members. The Actuarial Analyst will perform basic actuarial analyses, assist in preparing management information and financial reports, and support the enhancement of actuarial processes that impact financial results for the company.
Health CareHealth InsuranceInsuranceLife Insurance
Responsibilities
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
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
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
Qualification
Required
Bachelor's Degree in mathematics, actuarial science, statistics, or related field
0 -1 year of experience as an Actuarial Analyst or equivalent experience/training
Has passed 1 or more Society of Actuaries exams
Demonstrated effective and diplomatic oral and written communication skills
Microsoft Excel and Word
Knowledge of fundamental actuarial principles
Strong math and statistics skills
A minimum of 1 year of experience in health actuarial work
Has passed 3 or more Society of Actuaries exams
3 years experience in health actuarial work required; 4 years preferred
Has passed 4 or more Society of Actuaries exams
Preferred
Master's Degree a plus
Basic SQL and VBA skills preferred
SAS and other program languages a plus
Benefits
Employee bonus program.
401(k) with company match up to 4% and an additional company contribution.
Health Savings Account with a company matching contribution.
Excellent medical, dental, vision, life and disability insurance — insurance is what we do best, and we make affordable coverage for our team a priority.
Access to an Employee Assistance Program, which includes professional counseling, personal and professional coaching, self-help resources and assistance with work/life benefits.
Company holidays and up to 16 PTO days during the first year of employment with options to carry over unused PTO time.
After 120 days of service, parental leave for eligible employees who become parents through maternity, paternity or adoption.
Career development programs and classes.
Mentoring and coaching to help you advance in your career.
Tuition reimbursement up to $5,250 per year, the IRS maximum.
Diverse, inclusive and welcoming culture with Business Resource Groups.
Company
Medical Mutual
Medical Mutual Provides and administers health benefits for citizens in Ohio.
1001-5000 employees
H1B Sponsorship
Medical Mutual has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (18)
2024 (18)
2023 (17)
2022 (15)
2021 (24)
2020 (16)
Funding
Current Stage
Late StageLeadership Team
Annette Terrien Hill
RNI Chief Operating Officer
Christopher Donovan
Executive Vice President, Chief Data and Information Officer
Recent News
Business Wire
2025-04-09
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