Senior Actuarial Analyst

Senior Actuarial Analyst

Location: Chicago, Illinois, United States of America

Working at Lockton

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

Job Summary

About the Position

Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives. To see the latest insights from Lockton's experts, check Lockton Market Update.

A few of the reasons Associates love working at Lockton include:

• Opportunities for growth and advancement, including paid training and professional development
• 12-week paid parental leave
• A huge emphasis on community involvement
• Frequent athletic and wellness events
• Incredibly generous rewards; US Associates receive a Rolex for their 10 year anniversary!

Business unit Midwest Series

Salary

$80,000-$125,000

Schedule Full-time

Lockton

Benefits

• Offerings

• Click Here

• Workplace

• Hybrid

• Responsibility

• Your Responsibilities

• The Senior Actuarial Analyst contributes to development, delivery and related consulting on health and welfare financial work for employer clients in Lockton’s Midwest Series. They will leverage and analyze data in collaboration with other financial and client service team members to deliver comprehensive financial reporting and insights for clients related to their health benefit plans. The ideal candidate will demonstrate a high level of professionalism, possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities.

• Essential Duties

• Financial analysis for employer group health plans including ongoing claim reporting, rate setting, contribution development and plan design modeling

• Leverage existing models to assist in analysis and illustration of client health plan financial patterns and outcomes. As needed, contribute to custom reports and analysis for specific client needs.

• Evaluate benefits utilization and claims data to assist clients in developing cost management and health risk management strategies

• Proactively looking at multiple data sources for ongoing benchmarking and storytelling

• Prepare spreadsheets, graphs, charts, diagrams, and other illustrative tools for presentations and reports

• Support development of health plan reserve estimates for self-funded clients. Upon actuarial accreditation, provide certification of results.

• Participate in client meetings, as needed, delivering financial information and results.

• Assist service teams with development and evaluation of carrier RFPs for all coverage lines, including modeling of network changes and payment alternatives.

• Perform special projects as necessary, including preparation of custom reports and analysis for specific client needs

• Keep informed of insurance industry developments and products available in the marketplace

• 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.

Qualifications

• Bachelor's degree required (major in Actuarial Science, Mathematics, Data Science, Statistics, or related field preferred). Recent actuarial accreditation (ASA or FSA) or near-ASA credentials required

• 4+ years of group health benefits experience at a brokerage/consulting firm or insurance carrier

• Must have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making

• Knowledge of all aspects of the healthcare marketplace including plan design, pricing, reserving, benchmarking, and financial management/analysis

• Personal presence to interface in client and prospect organizations, representing Lockton in a professional manner

• Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required, along with the ability to work independently under the supervision or guidance of others.

• Must be results-oriented with the ability to change priorities as needed

• Excellent verbal, written, and interpersonal skills to interact with clients and associates at all levels of responsibility

• Excellent quantitative, analytical, and problem-solving skills

• Strong knowledge of Microsoft Products (particularly Excel); skill in using computer application software for financial modeling, statistical analysis, and other database analyses

• Ability to travel as needed

• LI-Hybrid

• Equal Opportunity Statement

• Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

• At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

• About Lockton

• Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.

• At Lockton, we believe in the power of all people. You belong at Lockton.

• How We Will Support You

• At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

• We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

• Learn more about your Lockton experience

• No Agencies Please

• Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.

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• Life at Lockton

• August 28, 2026

• 18 Years as a Best Place to Work in Insurance

• If you’re looking for a place to grow, lead, and do work that matters, take a closer look at Lockton. For the 18th consecutive year, Lockton has been named one of the Best Places to Work in Insurance—a recognition that reflects the people-first culture our Associates help build every day. At Lockton, independence gives us the freedom to invest in what matters most: our people. As the world’s largest privately held independent insurance brokerage, we offer the energy of an entrepreneurial company with the s