As a member of a small, boutique team of actuaries, this diverse actuarial role functions not only as a company actuary for the three insurance programs sponsored by IHA but also as a consulting actuary providing services to hospitals, healthcare systems and other property & casualty programs that are clients of IRMS.
Outline of Responsibilities
Communicate actuarial results, both written and verbal, to clients and boards
Conduct actuarial analysis including
Rate and rating plan studies
Capital adequacy studies
Manage time to meet budgets for each project
Other duties as defined
Must have obtained Associateship, or passed at least four exams towards Associateship, from the Casualty Actuarial Society or four exams of General Insurance from the Society of Actuaries. Bachelor’s degree in a related field is required as is at least two years of experience in conducting actuarial studies, preferably in professional liability or workers’ compensation. Proficiency in Excel and @Risk or another probabilistic simulation software solution. The ideal candidate will have a naturally collaborative style and demonstrate attention to detail. Routine travel (generally once a month) is required.
Equal Opportunity Employer – race, sex, veteran or disability status, gender identity, sexual orientation
IHA, with offices in Chicago, Naperville, Springfield, Brookfield, Wisconsin and Washington D.C., represents more than 200 hospitals and health systems as they care for their patients and communities. Its members range from major academic medical centers and teaching hospitals that train tomorrow’s doctors and nurses, to community hospitals that transform advances in medicine and technology into better lives for patients, to rural and critical access facilities that bring high-quality patient care to the less populated regions of Illinois, to specialty institutions that care for patients in need of behavioral health, long-term care, or rehabilitation services.
Since IHA was formed in 1923 (and combined with MCHC in January 2016 to form an integrated, statewide organization), its mission has been to strengthen and unite hospitals and make high-quality, affordable health care available to all Illinois residents at the right time and in the right setting. To make this possible, IHA advocates for a redesigned health system and sustainable funding -- including new models of healthcare delivery and payment -- that support the Triple Aim of healthcare.
IHA’s core role is to be t...he trusted voice, resource and partner for Illinois hospitals representing their interests at the local, state and national levels to ensure sustainable resources, the highest level of quality care and transformation of healthcare delivery. In addition to its advocacy and policy work on behalf of its members, IHA and its subsidiaries provides innovative business and performance solutions, services and tools, including patient care and quality improvement initiatives and collaboratives, data analytics, purchasing and insurance services. IHA also provides a comprehensive portfolio of educational programs for members on critical healthcare issues and challenges.
The President & CEO and a Board of Trustees comprised of 23-28 members, direct IHA advocacy and member priorities. Member forums for safety net hospitals, small and rural hospitals, behavioral health, investor-owned hospitals, and volunteers, as well as councils and task forces, provide members opportunities to participate in IHA’s policy development process.