Actuary jobs in Chicago, IL

Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

Recently Added Actuary jobs

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Actuary
  • RLI Insurance Company
  • Chicago, IL FULL_TIME
  • About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company. Our insurance subsidiaries are rated A “Superior” by AM Best company and A “Strong” by Standard & Poor’s. Check out our strong financial track record here. Position Purpose Under general supervision, conducts analysis, pricing and risk assessment to estimate financial outcomes. Responsible for the collection of data, selection of parameters, and calculations involved with conducting actuarial analysis. Evaluate profitability of products and recommend corrective action. Act as a steward of data quality by discovering and discussing data anomalies and issues with underwriting, claims, branch support, accounting, and IT. Principal Duties & Responsibilities New product development for organic opportunities Increased limits studies Loss reserve analysis Actual vs. Expected analysis Build exposure rating models for underwriter Support reserve opinion and regulatory reporting Audit underwriters for effective use and compliance of rules and rating plans Education & Experience Typically requires a bachelor’s degree in mathematics, statistics, actuarial science or a related field 3 years of related experience and 3 actuarial exams completed Knowledge, Skills, & Competencies Ability to provide input or make recommendations to improve Risk Services functions. Results orientated. Ability to make good business judgments based on sound actuarial analysis. Regularly offers ideas for enhanced actuarial analysis and occasionally acts independently to execute. Demonstrates capabilities on more complex projects. Types of projects include new product development for organic opportunities, increased limits studies, loss reserve analysis, Actual vs. Expected process, maintaining exposure rating models, supporting reserve opinion and regulatory reporting, auditing underwriters for effective use and compliance of rules and rating plans, assisting with predictive analytics projects. Personal & Professional Growth RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include: Nationwide employment opportunities Training & certification opportunities Tuition reimbursement Education bonuses Diversity & Inclusion Our goal is to attract, develop and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support, and participate in, initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry. Cultivating an exceptional and diverse workforce to deliver excellent customer service reinforces our culture and is a key to achieving superior business results. RLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law. Total Rewards At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee. Financial Incentives Employee stock ownership plan (ESOP) 401(k) — automatic 3% company contribution Annual discretionary 401k and ESOP profit-sharing contribution (up to 15% of base salary) Annual bonus plans Work & Life Paid time off (PTO) and holidays Paid volunteer time off (VTO) to support our communities Parental and family care leave Flexible & hybrid work arrangements Fitness center discounts and free virtual fitness platform Employee assistance program Health & Wellness Comprehensive medical, dental and vision benefits Flexible spending and health savings accounts 2x Base Salary for Group Life and AD&D insurance Voluntary life insurance for purchase Critical Illness & Accident insurance Short-term and long-term disability benefits WHAT MAKES RLI DIFFERENT RLI is a specialty insurance company that helps customers navigate the world of insurance and risk. For more than a half century, we’ve been helping people and companies safeguard their assets through our innovative portfolio of property and casualty coverages and surety products. We’re not what you’d expect from a typical insurance company. From our products to our business model, our culture to our results — we’re different. Our remarkable people. Our people are among the smartest and most knowledgeable in the business. They are experts at building relationships that last with our brokers and customers by providing outstanding service and creating ideal coverages with competitive premiums. Our underwriting focus. We seek underserved niches in the marketplace and provide coverages that meet very specific needs. We eliminate unnecessary bureaucracy, give our underwriters authority and share the profits. Our entrepreneurial culture. At RLI, we’ve created a business model that works: hire smart, ethical people, make them owners of the business, and give them the freedom to succeed. Our employees are encouraged to seek out opportunities, make things happen and do the unexpected. About Us Culture Glassdoor Reviews Financial Results California Privacy
  • 11 Days Ago
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A
Actuary - Pricing
  • Argo Group
  • Chicago, IL FULL_TIME
  • The Actuary - Pricing role is critical to supporting the actuarial pricing strategy at Argo. We seek an individual that has the ability to provide direction to business partners regarding optimization...
  • 6 Days Ago
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AVP Actuary
  • Berkley
  • Chicago, IL OTHER
  • Company Details Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley S...
  • 1 Month Ago
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Consultant, Actuary
  • SF Demo - FMR LLC
  • Chicago, IL FULL_TIME
  • Job Description:Searching for an experienced actuarial consultant interested in building a career in a team centric fast paced consulting environment!The TeamThe Fidelity Workplace Consulting Group is...
  • 1 Month Ago
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Associate Actuary
  • SCOR
  • Chicago, IL FULL_TIME
  • The Associate Actuary will serve as a key member of the Americas P&C Actuarial Reserving team, providing insightful projections of reserve balances in a collaborative environment. She/he will work clo...
  • 2 Months Ago
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Senior Staff Actuary
  • Health Care Service Corporation
  • Chicago, IL FULL_TIME
  • At HCSC, we consider our employees the cornerstone of our business and the foundation to our success. We enable employees to craft their career with curated development plans that set their learning p...
  • 11 Days Ago
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0 Actuary jobs found in Chicago, IL area

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Associate Actuary - REMOTE
  • Staff Financial Group
  • Chicago, IL
  • Associate Actuary - REMOTE You will be responsible for modeling and analyzing liability cash flows related to individual...
  • 4/18/2024 12:00:00 AM
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Senior Actuarial Analyst
  • Smith Hanley Associates
  • Chicago, IL
  • Title: Senior Actuarial Analyst Compensation: 125,000-140,000 + Bonus Location: Chicago An industry leading operations m...
  • 4/18/2024 12:00:00 AM
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Consultant, Actuary
  • Fidelity TalentSource LLC
  • Chicago, IL
  • Job Description: Searching for an experienced actuarial consultant interested in building a career in a team centric fas...
  • 4/18/2024 12:00:00 AM
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Associate Actuary - REMOTE
  • Staff Financial Group
  • Chicago, IL
  • Associate Actuary - REMOTE You will be responsible for modeling and analyzing liability cash flows related to individual...
  • 4/18/2024 12:00:00 AM
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Associate Actuary - REMOTE
  • NorthPoint Search Group
  • Chicago, IL
  • Associate Actuary - REMOTE You will be responsible for modeling and analyzing liability cash flows related to individual...
  • 4/18/2024 12:00:00 AM
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Actuarial Consultant Manager
  • Old Republic General Insurance Group
  • Chicago, IL
  • Job Title: Actuarial Consultant/Manager Department: Actuarial Services FLSA Status: Exempt Location: 307 N Michigan Ave,...
  • 4/17/2024 12:00:00 AM
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Senior Actuarial Analyst
  • Smith Hanley Associates
  • Chicago, IL
  • Title: Senior Actuarial Analyst Compensation: 125,000-140,000 + Bonus Location: Chicago An industry leading operations m...
  • 4/16/2024 12:00:00 AM
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Actuarial Consultant Manager
  • Old Republic General Insurance Group
  • Chicago, IL
  • Job Title: Actuarial Consultant/Manager Department: Actuarial Services FLSA Status: Exempt Location: 307 N Michigan Ave,...
  • 4/16/2024 12:00:00 AM
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About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$77,171 to $96,567
Chicago, Illinois area prices
were up 0.8% from a year ago
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What does an Actuary do?

Actuary in Lynchburg, VA
While the bank may or may not be able to close the customer's account, they will treat the customer according to the actuary's evaluation.
December 18, 2019
Actuary in Lake Charles, LA
These professional organizations can play a very important role in your development as a professional actuary.
November 08, 2019
Actuary in Pascagoula, MS
Common Actuary duties and responsibilities include.
October 15, 2019