BCS Financial Corporation Logo

BCS Financial Corporation

Director, Actuarial - Stop Loss

Posted 6 Days Ago
Be an Early Applicant
In-Office
Oakbrook Terrace, IL, USA
145K-175K Annually
Expert/Leader
In-Office
Oakbrook Terrace, IL, USA
145K-175K Annually
Expert/Leader
Leads actuarial pricing, risk assessment, reserving, regulatory filings, reinsurance support, forecasting, and performance analytics for stop-loss and large-claim products. Oversees rating manuals, pricing assumptions, reserve estimates, compliance documentation, and management reporting while partnering with underwriting, finance, product, compliance, and reinsurance teams. Serves as a large-claims actuarial subject matter expert, supports product development and risk transfer, and develops staff. Travel may include monthly office visits, industry conferences, and stakeholder meetings.
The summary above was generated by AI

Position Overview 

The Director, Actuarial - Stop Loss is responsible for leading actuarial pricing, risk assessment, reserving support, and business performance analytics for stop loss and related large-claim products. This includes new business and renewal pricing, underwriting guideline support, rate filings, reserving, financial and management reporting, reinsurance support, and compliance activities. 

This position is expected to partner closely with the Large Claims Solutions Segment Leader, underwriting, finance, product, compliance, and reinsurance stakeholders to support profitable growth and disciplined risk management. 

Essential Elements 

  • Large Claims Actuarial SME – Serve as a subject matter expert on large-claim products, including stop loss and evolving solutions such as gene therapy and other high-cost claim products. Support product development, independent research, market monitoring, and presentations for internal stakeholders, business partners, meetings, and conferences. 
  • Pricing Oversight – Establish, maintain, and document new business and renewal rating bases. Review significant account and business segment renewals, evaluate experience results, and provide clear management reporting on pricing performance, assumptions, and emerging risks. 
  • Rate Manual – Provide actuarial expertise and coordination for the development, maintenance, and governance of BCS’ Stop Loss Manual and related rating tools, assumptions, and documentation. 
  • Reinsurance Support and Risk Assessment – Provide actuarial support for reinsurance strategy, placement, and renewal activities to help protect the company from concentrated risk exposure and support appropriate risk transfer. Assess implications of changes in product design, sales distribution, underwriting guidelines, and market conditions. Work with intermediaries and reinsurers to manage BCS’ exposure and support negotiation of new business and renewal terms. 
  • Filings and Compliance – Manage actuarial components of regulatory filings, including state rate filings, actuarial memoranda, certifications, and related timelines. Support monitoring of product-specific compliance requirements and ensure actuarial work is appropriately documented and supportable. 
  • Reserving – Support review of outstanding liabilities and development of appropriate Incurred but not Reported (IBNR) reserve estimates for management reporting. Reconcile reserve data to financial reporting, document assumptions and judgments, and support quarterly statutory reserve work and year-end audit requirements. 
  • Reporting and Forecasting – Support financial forecasts, business plan projections, and performance monitoring for the LCS segment. Develop, maintain, and settle contingent commission, experience refund, and experience-based premium adjustment formulas as applicable. 
  • Training and Development of Staff – Oversee actuarial work products, timelines, and deliverables. Establish clear process documentation and support training of team members on routine and judgment-based work items, including reserving, risk assessment, pricing, and reporting. 

Requirements 

Education and Certifications 

  • Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics, or a related field required 
  • Associate or Fellow of the Society of Actuaries designation required 
  • Maintenance of continuing education and professional credential requirements, including MAAA compliant status, as applicable 

Experience  

10+ years of actuarial, insurance, health, stop loss, reinsurance, or related business experience, with demonstrated ability to lead complex analyses and communicate results to senior stakeholders 

Experience with stop loss, large claims, medical cost trends, underwriting, reserving, or reinsurance strongly preferred 

Strong documentation, governance, and communication skills, with the ability to explain actuarial assumptions, judgment, and business implications clearly 

Travel Required 

Travel may be required for industry conferences, business partner meetings, reinsurer meetings, and BCS office visits, including onsite or minimum monthly visits as business needs require. 

Compensation And Benefits

The target base salary range for this full-time, salaried position is:

$145,000 - $175,000

Individual base pay depends on work location and additional factors such as experience, job-related skills, and relevant education or training. Total pay may include other forms of compensation. In addition, we offer competitive health, dental, 401k and wellness benefits beginning on the first day of the month following the first day of employment. Please ask your Talent Acquisition Specialist for more information about our total rewards package.

What we offer:

    • Hybrid and remote work environments

    • Full benefits including flexible HSA/PPO medical plans, Dental, Vision, and HSA/FSA

    • 401(k) w/ up to 6% company match

    • Generous PTO starting at 22 days annually

    • 12 paid holidays

    • Parental leave

    • Home office and wellness reimbursement

    • Generous employee referral program

    • Professional development and development planning: tuition reimbursement, continuing education & assistance obtaining professional certifications





HQ

BCS Financial Corporation Oakbrook Terrace, Illinois, USA Office

Oakbrook Terrace, IL, United States

Similar Jobs

17 Minutes Ago
In-Office or Remote
United States
Senior level
Senior level
Big Data • Information Technology • Software • Analytics • Energy
Own and operate long-term power price and capacity expansion models across North American ISOs. Integrate load, capacity, retirement, fuel, and policy assumptions; run quarterly forecasts and scenarios; validate and backcast results; diagnose model behavior; explain price changes; document workflows; and collaborate with research analysts to shape market views and improve model mechanics.
Top Skills: AuroraDayzerEncompassGridviewExcelPlexosPythonSaintServmSQL
26 Minutes Ago
Hybrid
Naperville, IL, USA
35K-67K Hourly
Senior level
35K-67K Hourly
Senior level
Fintech • Financial Services
Leads a Wells Fargo branch team, driving customer acquisition, relationship growth, sales performance, coaching, talent development, and operational risk management. Identifies customer financial needs and connects them with banking, lending, investment, and digital solutions. Partners with internal teams, analyzes performance data, manages compliance and risk, and builds an accountable, customer-focused culture. Completion of the Branch Manager Readiness Program is required unless already serving as a Wells Fargo branch manager.
26 Minutes Ago
Hybrid
Chicago, IL, USA
150K-250K Annually
Junior
150K-250K Annually
Junior
Fintech • Financial Services
Participate in a 10-week investment banking summer associate program supporting live client engagements. Build valuation models, conduct company and industry research, prepare pitch presentations and client materials, participate in diligence and client meetings, and collaborate with senior bankers on strategic transactions and capital raising. Candidates receive training, mentorship, coaching, and feedback while developing investment banking, analytical, communication, and teamwork skills.
Top Skills: Finra Series 63Finra Series 66Finra Series 79Finra SieExcelMicrosoft PowerpointMicrosoft Word

What you need to know about the Chicago Tech Scene

With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.

Key Facts About Chicago Tech

  • Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
  • Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
  • Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
  • Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account