Governor of Illinois
Overview
The Illinois Department of Insurance is seeking to hire an Actuary III in the Health Actuarial Unit of the Actuarial Services Section in the Financial Solvency Division. This position performs highly responsible professional actuarial work; determines compliance of health insurance firms with the Illinois Insurance Code, the Patient Protection and Affordable Care Act, and professional standards of practice; serves as an expert on health actuarial issues; consults with insurance actuaries and representatives; advises and suggests methods of solving problems; reviews, researches and evaluates health actuarial phases of proposed legislation and determines necessity for changes; directs the review of loss ratio filings for Medicare supplement and long term care insurance, Medicare supplement refund calculations and risk based capital calculations; serves as working supervisor. We invite all qualified candidates to apply.
Position Details Job Requisition ID:
50711
Closing Date:
10/21/2025
Agency:
Department of Insurance
Class Title:
ACTUARY III - 00203
Salary:
$9,402 - $13,995 (Anticipated starting salary $9,402/CBA Language applies)
Job Type:
Salaried
Category:
Full Time
County:
Cook
Number of Vacancies:
1
Bargaining Unit Code:
RC063 Professional Employees, Educators, Juvenile Justice School Counselors and Special Education Resources Coordinators, and Physicians AFSCME
Merit Comp Code:
This position is a union position;
therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.
Important Application Information All applicants who want to be considered for this position MUST apply electronically through the Illinois jobs2web website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.
Applications submitted via email or any paper manner (mail, fax, hand delivery) will not be considered.
*Answer all application questions thoroughly. DO NOT STATE “SEE RESUME”.*
Why Work for Illinois? Working with the State of Illinois is a testament to the values of compassion, equity, and dedication that define our state. Whether you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home. We offer flexible jobs and a strong benefits package to support career growth and financial security.
Position Overview The Illinois Department of Insurance is seeking to hire an Actuary III in the Health Actuarial Unit of the Actuarial Services Section in the Financial Solvency Division. This position performs highly responsible professional actuarial work; determines compliance of health insurance firms with the Illinois Insurance Code, the Patient Protection and Affordable Care Act, and professional standards of practice; serves as an expert on health actuarial issues; consults with insurance actuaries and representatives; advises and suggests methods of solving problems; reviews, researches and evaluates health actuarial phases of proposed legislation and determines necessity for changes; directs the review of loss ratio filings for Medicare supplement and long term care insurance, Medicare supplement refund calculations and risk based capital calculations; serves as working supervisor. We invite all qualified candidates to apply.
Essential Functions
Determines compliance of health insurance firms with the Illinois Insurance Code, the Patient Protection and Affordable Care Act, and professional standards of practice.
Serves as working supervisor of professional actuarial staff.
Serves as an expert on health actuarial issues.
Reviews, researches, and evaluates health actuarial phases of proposed legislation and determines necessity for changes.
Directs the review of loss ratio filings for Medicare supplement and long-term care insurance, Medicare supplement refund calculations and risk-based capital calculations.
Reviews, researches, and evaluates reserve methodology for new or unusual health products for which there is little or no statutory reserve guidance.
Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.
Minimum Qualifications
Requires knowledge, skill and mental development equivalent to completion of four years of college, with evidence of courses in higher mathematics, such as calculus, probability and statistics.
Requires five years of professional experience in actuarial work in the life, accident and health or casualty and property insurance field.
Preferred Qualifications
Prefers attainment of Associate of the Society of Actuaries (ASA) designation or attainment of Fellow of the Society of Actuaries (FSA) designation.
Prefers membership in the American Academy of Actuaries (MAAA).
Prefers five (5) years professional experience in actuarial work in the health field.
Prefers three (3) years of experience working with insurance principles, insurance company practices and state laws and regulations governing operations.
Prefers three (3) years of experience working with higher mathematics, particularly actuarial computations and accounting principles in health insurance.
Prefers three (3) years of experience with complex actuarial research and statistical computations and projects to furnish administrators with current information.
Prefers one (1) year of experience working with state agencies, legislative officials, insurance company officials and the public and representing the agency in conferences.
Prefers at least one (1) year of experience supervising and directing the work of others.
Specialized Skills
Requires ASA or FSA designation.
Requires membership in the American Academy of Actuaries (MAAA).
Requires five (5) years of professional experience in actuarial work in the health field.
Conditions of Employment
Requires the ability to pass a background check.
The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.
Certain provisions of revolving door restrictions apply to this position. If offered non-State employment during state employment or within one year after ending state employment, the employee must notify OEIG before accepting such non-State employment or may be subject to a fine.
About the Agency The Department of Insurance regulates the insurance market in the State of Illinois, including licensing and educating insurance agents, investigating Workers Compensation fraud, and examining the operations and finances of insurance companies domiciled in the state. DOI has approximately 220 employees in Chicago and Springfield.
Benefits State of Illinois employees enjoy a robust benefit package, including:
Health, Life, Vision, and Dental Insurance
13 Paid Holidays annually, 14 on even-numbered years
10-25 days of Paid Vacation time annually (10 days in year one)
12 Paid Sick Days annually (carry over allowed)
12 weeks Paid Maternity/Paternity Leave
3 Paid Personal Days annually
Pension Plan
Deferred Compensation Program and other pre-tax benefits
Flexible work schedules may be available, dependent on position
Tuition Reimbursement and Public Service Loan Forgiveness Program eligibility
Visit the benefits page for more information: https://www2.illinois.gov/cms/benefits/Pages/default.aspx
Work Hours and Location Work Hours:
Mon-Fri, 8:00am - 4:30PM
Requires the ability to report to the work location during work hours
Work Location:
115 S Lasalle St, Chicago, Illinois, 60603
Contact and Posting Information Agency Contact Email:
DOI.HR@illinois.gov
Posting Group:
Legal, Audit & Compliance
Revolving Door Certain provisions of the revolving door restrictions apply. If offered non-State employment during State employment or within one year after ending State employment, the employee must notify OEIG before accepting such non-State employment or may be subject to a fine.
Application Instructions Use the “Apply” button at the top or bottom of this posting to begin the application process. If you are not signed in, you will be prompted to do so. State employees should sign in to the career portal for State of Illinois employees. Non-State employees should log in using the Illinois.jobs2web homepage in the blue ribbon. If you have never signed in, you will be prompted to create an account. See Internal Candidate Application Job Aid for state employees and application procedures for non-State employees.
The main form of communication will be via email. Please check junk/spam folders for communications from donotreply@SIL-P1.ns2cloud.com and systems@SIL-P1.ns2cloud.com.
Notes This position DOES contain “Specialized Skills” as defined in CBAs.
#J-18808-Ljbffr
The Illinois Department of Insurance is seeking to hire an Actuary III in the Health Actuarial Unit of the Actuarial Services Section in the Financial Solvency Division. This position performs highly responsible professional actuarial work; determines compliance of health insurance firms with the Illinois Insurance Code, the Patient Protection and Affordable Care Act, and professional standards of practice; serves as an expert on health actuarial issues; consults with insurance actuaries and representatives; advises and suggests methods of solving problems; reviews, researches and evaluates health actuarial phases of proposed legislation and determines necessity for changes; directs the review of loss ratio filings for Medicare supplement and long term care insurance, Medicare supplement refund calculations and risk based capital calculations; serves as working supervisor. We invite all qualified candidates to apply.
Position Details Job Requisition ID:
50711
Closing Date:
10/21/2025
Agency:
Department of Insurance
Class Title:
ACTUARY III - 00203
Salary:
$9,402 - $13,995 (Anticipated starting salary $9,402/CBA Language applies)
Job Type:
Salaried
Category:
Full Time
County:
Cook
Number of Vacancies:
1
Bargaining Unit Code:
RC063 Professional Employees, Educators, Juvenile Justice School Counselors and Special Education Resources Coordinators, and Physicians AFSCME
Merit Comp Code:
This position is a union position;
therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.
Important Application Information All applicants who want to be considered for this position MUST apply electronically through the Illinois jobs2web website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.
Applications submitted via email or any paper manner (mail, fax, hand delivery) will not be considered.
*Answer all application questions thoroughly. DO NOT STATE “SEE RESUME”.*
Why Work for Illinois? Working with the State of Illinois is a testament to the values of compassion, equity, and dedication that define our state. Whether you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home. We offer flexible jobs and a strong benefits package to support career growth and financial security.
Position Overview The Illinois Department of Insurance is seeking to hire an Actuary III in the Health Actuarial Unit of the Actuarial Services Section in the Financial Solvency Division. This position performs highly responsible professional actuarial work; determines compliance of health insurance firms with the Illinois Insurance Code, the Patient Protection and Affordable Care Act, and professional standards of practice; serves as an expert on health actuarial issues; consults with insurance actuaries and representatives; advises and suggests methods of solving problems; reviews, researches and evaluates health actuarial phases of proposed legislation and determines necessity for changes; directs the review of loss ratio filings for Medicare supplement and long term care insurance, Medicare supplement refund calculations and risk based capital calculations; serves as working supervisor. We invite all qualified candidates to apply.
Essential Functions
Determines compliance of health insurance firms with the Illinois Insurance Code, the Patient Protection and Affordable Care Act, and professional standards of practice.
Serves as working supervisor of professional actuarial staff.
Serves as an expert on health actuarial issues.
Reviews, researches, and evaluates health actuarial phases of proposed legislation and determines necessity for changes.
Directs the review of loss ratio filings for Medicare supplement and long-term care insurance, Medicare supplement refund calculations and risk-based capital calculations.
Reviews, researches, and evaluates reserve methodology for new or unusual health products for which there is little or no statutory reserve guidance.
Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.
Minimum Qualifications
Requires knowledge, skill and mental development equivalent to completion of four years of college, with evidence of courses in higher mathematics, such as calculus, probability and statistics.
Requires five years of professional experience in actuarial work in the life, accident and health or casualty and property insurance field.
Preferred Qualifications
Prefers attainment of Associate of the Society of Actuaries (ASA) designation or attainment of Fellow of the Society of Actuaries (FSA) designation.
Prefers membership in the American Academy of Actuaries (MAAA).
Prefers five (5) years professional experience in actuarial work in the health field.
Prefers three (3) years of experience working with insurance principles, insurance company practices and state laws and regulations governing operations.
Prefers three (3) years of experience working with higher mathematics, particularly actuarial computations and accounting principles in health insurance.
Prefers three (3) years of experience with complex actuarial research and statistical computations and projects to furnish administrators with current information.
Prefers one (1) year of experience working with state agencies, legislative officials, insurance company officials and the public and representing the agency in conferences.
Prefers at least one (1) year of experience supervising and directing the work of others.
Specialized Skills
Requires ASA or FSA designation.
Requires membership in the American Academy of Actuaries (MAAA).
Requires five (5) years of professional experience in actuarial work in the health field.
Conditions of Employment
Requires the ability to pass a background check.
The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.
Certain provisions of revolving door restrictions apply to this position. If offered non-State employment during state employment or within one year after ending state employment, the employee must notify OEIG before accepting such non-State employment or may be subject to a fine.
About the Agency The Department of Insurance regulates the insurance market in the State of Illinois, including licensing and educating insurance agents, investigating Workers Compensation fraud, and examining the operations and finances of insurance companies domiciled in the state. DOI has approximately 220 employees in Chicago and Springfield.
Benefits State of Illinois employees enjoy a robust benefit package, including:
Health, Life, Vision, and Dental Insurance
13 Paid Holidays annually, 14 on even-numbered years
10-25 days of Paid Vacation time annually (10 days in year one)
12 Paid Sick Days annually (carry over allowed)
12 weeks Paid Maternity/Paternity Leave
3 Paid Personal Days annually
Pension Plan
Deferred Compensation Program and other pre-tax benefits
Flexible work schedules may be available, dependent on position
Tuition Reimbursement and Public Service Loan Forgiveness Program eligibility
Visit the benefits page for more information: https://www2.illinois.gov/cms/benefits/Pages/default.aspx
Work Hours and Location Work Hours:
Mon-Fri, 8:00am - 4:30PM
Requires the ability to report to the work location during work hours
Work Location:
115 S Lasalle St, Chicago, Illinois, 60603
Contact and Posting Information Agency Contact Email:
DOI.HR@illinois.gov
Posting Group:
Legal, Audit & Compliance
Revolving Door Certain provisions of the revolving door restrictions apply. If offered non-State employment during State employment or within one year after ending State employment, the employee must notify OEIG before accepting such non-State employment or may be subject to a fine.
Application Instructions Use the “Apply” button at the top or bottom of this posting to begin the application process. If you are not signed in, you will be prompted to do so. State employees should sign in to the career portal for State of Illinois employees. Non-State employees should log in using the Illinois.jobs2web homepage in the blue ribbon. If you have never signed in, you will be prompted to create an account. See Internal Candidate Application Job Aid for state employees and application procedures for non-State employees.
The main form of communication will be via email. Please check junk/spam folders for communications from donotreply@SIL-P1.ns2cloud.com and systems@SIL-P1.ns2cloud.com.
Notes This position DOES contain “Specialized Skills” as defined in CBAs.
#J-18808-Ljbffr