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Full-time
bachelor degree
Performance Bonus
Posted 30d ago
~40 hrs/week
Responsibilities
Collaborate with client service and financial teams to collect, validate, and analyze data for health benefit plans. Build actuarial models to project medical loss trends and prepare comprehensive financial reports for self-funded clients.
Requirements
Requires a Bachelor's degree in a quantitative field and preferably 2+ years of health benefits experience. Candidates should have strong analytical skills, proficiency in Excel, and have completed or be pursuing actuarial exams.
Full job description
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES
Work collaboratively with client service and actuarial/financial teams to collect, validate, and reconcile data for accuracy and consistency.
Integrate data from multiple sources into actuarial and financial client reports and deliverables.
Prepare routine financial and actuarial reports for self‑funded clients including ongoing claim reporting, rate setting, contribution development and plan design modeling; partner with client service teams to review findings and trends.
Assist in delivery of comprehensive financial reporting and insights to clients related to their health benefit plans.
Build and maintain basic to moderately complex actuarial models to analyze, illustrate, and project medical/Rx loss trends and client plan performance.
Prepare spreadsheets, graphs, charts, and other visualization tools to clearly communicate healthcare-related insights to clients.
Utilize actuarial and financial modeling tools to estimate the potential impact of health plan design changes, regulatory changes, and health reform on client costs.
Support development of health plan reserve estimates for self-funded clients.
Produce custom analytics and reporting for unique client requests, leveraging actuarial and benchmark data where appropriate.
Serve as a developing Subject Matter Expert on financial and actuarial reporting, building expertise over time.
Learn and apply internal systems, tools, and modeling platforms to improve efficiency and analytical accuracy.
Stay current on insurance/benefits industry developments, emerging trends, and actuarial best practices.
Contribute to a positive client experience through accuracy, responsiveness, and clear communication.
Participate in internal team meetings and trainings, including actuarial skill development sessions.
Perform other responsibilities as assigned.
Compensation and Benefits
Lockton Companies LLC is committed to offering competitive pay and benefits and complies with all relevant state/local pay transparency laws. The entry base salary offered for this opportunity may vary, and is contingent upon candidate education, skills, abilities, essential competencies, experience, professional designations, unique qualifications, and geographic location.
Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate.
Bachelor’s degree in actuarial science, mathematics, statistics, finance, economics, or related quantitative field.
2+ years of health benefits experience at a brokerage/consulting firm or insurance carrier preferred.
Completion of actuarial exams preferred; candidates with 2 or more exams encouraged to apply.
Strong analytical and quantitative skills with an interest in actuarial career progression (including pursuit of at least ASA designation).
Excellent communication and customer service skills with the ability to support multiple client team relationships.
Working knowledge of employee benefits, health insurance, and/or risk concepts preferred (job, school coursework and internship experience all accepted).
Strong computer skills, including proficiency in Microsoft suite, especially Excel (pivot tables, formulas, data manipulation); experience with VBA, SQL, Python, or similar programming language is a plus.
Excellent organizational skills and attention to detail.
What makes Lockton stand apart is also what makes us better: independence. Our private ownership empowers our nearly 15,000 Associates doing business in over 140+ countries to focus solely on clients' risk and insurance needs. With expertise that reaches around the globe, we deliver the deep understanding needed to accomplish remarkable results.
Offices: Global, US · 2100 Ross Ave, Dallas, Texas 75201, US · 7650 Edinborough Way, Suite 100, Edina, Minnesota 55435, US · 640 Taylor St, Suite 1450, Fort Worth, Texas 76102, US · 3657 Briarpark Dr, Suite 700, Houston, Texas 77042, US
How much do Science & Research jobs in Illinois pay?
Based on 2156 listings with disclosed salaries, most science & research jobs in Illinois pay between $76k–$228k per year. Individual offers vary with seniority, company size, and specialization.
How many Science & Research jobs are open in Illinois right now?
There are currently 4,557 open science & research positions in Illinois listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Science & Research roles in Illinois?
Companies currently hiring include Northwestern Medicine, Allergan, The Applied Research Laboratory at Penn State University, Ann & Robert H. Lurie Children's Hospital of Chicago, Becker Friedman Institute for Economics, among others. Browse the listings above to see every active employer.
Are there remote or hybrid Science & Research jobs in Illinois?
Yes — 907 of the 4557 open science & research positions offer remote or hybrid work (276 remote, 631 hybrid).
How do I apply for Science & Research jobs in Illinois?
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