Actuarial Analyst Salary at Bluecross Blueshield Of Illinois BETA

How much does a Bluecross Blueshield Of Illinois Actuarial Analyst make?

As of April 2025, the average annual salary for an Actuarial Analyst at Bluecross Blueshield Of Illinois is $96,920, which translates to approximately $47 per hour. Salaries for Actuarial Analyst at Bluecross Blueshield Of Illinois typically range from $86,525 to $105,091, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

BlueCross BlueShield of Illinois Overview

Website:
bcbsil.com
Size:
7,500 - 15,000 Employees
Revenue:
$10B - $50B
Industry:
Insurance

Blue Cross and Blue Shield of Illinois (BCBSIL) is the largest health insurer in Illinois. We started in the height of the Great Depression in 1936 in Chicago and grew out of a shared interest to protect individuals and families from financial ruin related to health care costs.

See similar companies related to Bluecross Blueshield Of Illinois

What Skills Does a person Need at Bluecross Blueshield Of Illinois?

At Bluecross Blueshield Of Illinois, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Actuarial: Actuarial performs complex calculations to determine the likelihood of various outcomes related to accidents, illnesses, consumer demand, and investments.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
  4. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
  5. Actuarial Science: The discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty.

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Check more jobs information at Bluecross Blueshield Of Illinois

Job Title Average Bluecross Blueshield Of Illinois Salary Hourly Rate
2 Access Coordinator $125,756 $60
3 Account Analyst $76,422 $37
4 Account Executive $93,911 $45
5 Account Executive I $129,583 $62
6 Account Payable $60,867 $29
7 Account Representative $53,922 $26
8 Account Service Specialist $58,509 $28
9 Accounting Assistant I $54,608 $26
10 Accounting Associate $60,907 $29
11 Accounts Payable Coordinator $69,142 $33
12 Adjustment Manager, Risk $157,662 $76
13 Admin $65,369 $31

Hourly Pay at Bluecross Blueshield Of Illinois

The average hourly pay at Bluecross Blueshield Of Illinois for an Actuarial Analyst is $47 per hour. The location, department, and job description all have an impact on the typical compensation for Bluecross Blueshield Of Illinois positions. The pay range and total remuneration for the job title are shown in the table below. Bluecross Blueshield Of Illinois may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $96,920 look to you?

FAQ about Salary and Jobs at Bluecross Blueshield Of Illinois

1. How much does Bluecross Blueshield Of Illinois pay per hour?
The average hourly pay is $47. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Bluecross Blueshield Of Illinois?
According to the data, the highest approximate salary is about $105,091 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Bluecross Blueshield Of Illinois?
According to the data, the lowest estimated salary is about $86,525 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.