Chief Health Actuary
OnsiteIndividual HealthLong Term CareReserving & ValuationRegulatory ReportingCapital Modelling & Economic Capital
Role Summary
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Senior health actuarial leadership role at the Illinois Department of Insurance in Chicago. You will lead health actuarial compliance and reviews of Medicare supplement and long-term care loss ratio and reserve filings, direct risk-based capital work, evaluate reserve methodology for new health products, and supervise professional actuarial staff.
JOB DESCRIPTION SUMMARY
- Lead reviews of Medicare supplement and long-term care loss ratio filings
- Ensure health insurer compliance with Illinois Insurance Code and the ACA
- Direct Medicare supplement refund and risk-based capital calculations
- Review reserve methodology for new or unusual health products
- Serve as working supervisor of professional actuarial staff (Chicago, IL)
DOMAIN EXPERTISE
- Health actuarial experience
- Medicare supplement and long-term care loss ratio review
- Risk-based capital calculations
- Reserve methodology for health products
- Compliance with state insurance code and the ACA
KEY REQUIREMENTS
- Requires 5+ years professional actuarial experience in the health insurance field
- ASA or FSA designation required
- Membership in the American Academy of Actuaries (MAAA) required
- Ability to report to the Chicago work location during regular work hours
TECH STACK
- No tech stack specified
