Actuary In Jobs in Illinois (NOW HIRING)

Primary focus of role is to provide actuarial and underwriting guidance and assistance to client teams and clients by using financial decision making tools, conducting client facing meetings when appropriate, to speak effectively on behalf of the Financial and Actuarial Consulting team regarding core services, and acting as a mentor/coach to others on the team.

• Apply advanced skills in order to provide and present monthly, quarterly and annual reports that measure client financial status, track expenses by product line, renewal projections, funding levels and rates, etc. Be able to speak with Client Management team and clients about abnormal conditions that arise from the evaluation of these reports
• Help train and mentor other actuarial students and underwriters.
• Maintain proficiency and understanding of various proprietary Models and Tools to calculate financial actuarial results.
• Analyze data from carriers on complex clients and provide recommendations to Client Management teams or to clients in order to effectively negotiate rates and funding levels
• Preparing, analyzing and consulting on various client deliverables, as defined by the scope of services of the Financial and Actuarial Consulting team.
• Demonstrates understanding of whether or not analysis “makes sense”; can think beyond the numbers on the page.
• Conduct any activity for special assignments as assigned by management.
• Maintain workflow tracking application or logs, as established by management and departmental guidelines and protocol.
• Be familiar and communicate with subordinates regarding expectations and content of contract documents (e.g. summary of plan descriptions, Administrative Agreements, etc.) in order to effectively guide them in contract reviews, and to speak knowledgeably about them to consultants and clients.
• Evaluate, assign, monitor and peer review reports generated by Financial and Actuarial Consulting team subordinates, when requested by various Gallagher staff
• Demonstrate competence with collection of required data and materials needed for the successful completion of various projects with minimal supervision
• Serve as an expert resource to branch office staff in order to contribute toward measurable ROI of services and retention of client.
• Stay abreast of what's happening in local markets, to make certain that each branch is given the tools needed to stay competitive in their communities.
• Assist in the preparation of presentations, campaigns, communication materials, newsletters, etc. to internal staff and clients / prospects regarding Underwriting policies and scope of services
• Proficient and compliant with internal systems
• Strong oral and written communications and presentations
• Manage escalated service issues to productive outcome
• Oversee communication from Analyst positions regarding processes and data needed in order to effectively analyze client financial status.
• Have ability to peer review and make suggestions for materials and notices shared across the region and/or divisional Financial and Actuarial Consulting team
• Independently and successfully, manage client accounts and workload.
• Be able to effectively articulate the format, content, and logic of all Underwriting tools and client reports
• Demonstrate ability to work with broad and unscheduled assignments that require originality and ingenuity and to develop best practices from experiences.
• Presents new ideas/processes for client improved deliverables as well as improved team efficiency.   

• Required:
  • Bachelor’s degree.
  • At least 3 years of experience in employee benefits underwriting.
  • Proficiency in Microsoft Windows and Office applications.
• Preferred:
  • Credentialed Actuary in accordance with the Society of Actuaries (SOA) (ASA and/or FSA)        
• Behaviors 
  • Must show competency with Microsoft Office, and be able to work in a Windows environment
  • Must have advanced Microsoft Excel skills- Effectively write and use formulas
  • Must be highly organized in order to prioritize and meet deadline
  • Strong and effective follow through process
  • Must be able to persuade others to provide items needed to complete this job within pre-established timeframes
  • Must be familiar with carrier reporting systems
  • Ability to prioritize and effectively communicate to manage expectations                
  • Must have developed superior problem solving and analytical skills that allow tasks to be completed without supervision      

• Required:
  • Bachelor’s degree.
  • At least 3 years of experience in employee benefits underwriting.
  • Proficiency in Microsoft Windows and Office applications.
• Preferred:
  • Credentialed Actuary in accordance with the Society of Actuaries (SOA) (ASA and/or FSA)        
• Behaviors 
  • Must show competency with Microsoft Office, and be able to work in a Windows environment
  • Must have advanced Microsoft Excel skills- Effectively write and use formulas
  • Must be highly organized in order to prioritize and meet deadline
  • Strong and effective follow through process
  • Must be able to persuade others to provide items needed to complete this job within pre-established timeframes
  • Must be familiar with carrier reporting systems
  • Ability to prioritize and effectively communicate to manage expectations                
  • Must have developed superior problem solving and analytical skills that allow tasks to be completed without supervision