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Vice President, Actuarial & Underwriting, SHS

BCS Financial Corporation
Oakbrook Terrace, IL Full Time
POSTED ON 1/11/2026 CLOSED ON 4/2/2026

What are the responsibilities and job description for the Vice President, Actuarial & Underwriting, SHS position at BCS Financial Corporation?

Position Overview

The Vice President, Actuarial & Underwriting, Supplemental Health Solutions (SHS) position will support the business strategy to drive profitable growth for BCS’ SHS business segment.   

This role will lead the development and implementation of sound actuarial and underwriting strategies in support of business development and product compliance for SHS.  Product responsibilities include international healthcare (BCBS Global Solutions), group voluntary (accident indemnity, hospital indemnity, critical illness), fixed indemnity, life, and disability.     

A key responsibility of this role will be to lead BCS’ strategic growth initiatives by working closely with our business partner for BCBS Global Solutions.

This position will report to the Chief Actuary.

 

Essential Elements

  • BCBS Global Actuarial Leader/Program Management- Provide strategic oversight and partnership to the BCBS Global Team in support of program growth.
  • Resource Management- Review operational opportunities to structure the team processes, workflows and staffing model to plan for SHS growth objectives.
  • Product Development - Partner with the BCBS Global and the BCS Product Development teams to ensure sound risk management and rating of products at the outset.  This includes the analysis and structuring of new products to achieve the expectations of long-term growth and profit goals.
  • Rating Methodology - Establish and document new business and renewal rating bases that will ensure profitable underwriting results. Develop a manual rate and factor review process in support of rating.
  • Underwriting Oversight –  Provide oversight for the underwriting of BCS’ Supplemental Health Solutions (SHS).  Lead in the development and sourcing of rating tools and applications that support the BCS and BCBS Global underwriting teams.  Refine existing underwriting guidelines and manage changes and adherence to the guidelines.

 

  • Business Development – Partner with sales, marketing, BCBS Global executive leadership team and other strategic partners in support of new business opportunities to secure profitable revenue and distribution streams.
  • Market Analysis - Assess competitiveness of existing rating structures, product and underwriting criteria.
  • Rate Filings - Manage the regulatory compliance and the timely approval of state rate filings and actuarial memoranda/certifications.  
  • Reserving – Ensure reserving methodologies and models for various lines of business are in place that comply with relevant actuarial standards and regulatory requirements.
  • Forecasting and Business Planning - Support financial forecasts, budgeting, capital management and business plan projections.            Provide input to business plan with the goal of profitable underwriting results and future business planning.  This will include the review of business segment renewals including accurate management reporting of experience results.
  • Talent Development – provide mentorship and educational opportunities for BCS actuarial/underwriting and BCBS Global staff.

 

Requirements

Education and Certifications

  • Bachelor’s Degree in Mathematics or Business required
  • Associa​​​​​te or Fellow of the Society of Actuaries designation required
  • Member of American Academy of Actuaries required
  • Continuing education relating to the maintenance of professional credentials (compliant status) preferred

 

Desired Experience

  • 10 years of insurance business experience
  • International healthcare and travel products
  • Fixed indemnity, hospital Indemnity, accident indemnity, and critical illness products
  • Life/disability insurance experience  

 

Travel Required

  • Travel to industry conferences, Oakbrook home office, BCBS Global headquarters, and various client visits (10-20% of time).

 

BCS Core Competencies

Action Oriented, Courage, Informing, Learning on the Fly, Customer Focus, Drive for Results


 

Salary : $200,000 - $230,000

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