Actuarial Consultant Jobs in Illinois

INTRODUCTION

At Gallagher Benefit Services, you’re a trusted partner to organizations navigating some of their most important people decisions. We help clients build better workplaces, where people feel supported, empowered, and inspired to thrive. Whether it’s shaping benefit strategies, designing wellbeing programs, or advising on workforce challenges, the work you do here creates meaningful change for businesses and the people who power them. We’re a community of bold explorers, trusted experts, and compassionate partners; working side by side to solve problems, and shape the future of work. Here, curiosity is encouraged, collaboration is second nature, and your ideas have room to grow. If you’re looking for a place where your contribution matters and where you can help build a better world of work; think of Gallagher.

Overview

The GBS Divisional Senior Financial & Actuarial Consultant is a key leadership role within the Health and Benefits division. This position oversees a team of professionals, providing guidance and technical assistance to account teams and clients. The role includes delivering actuarial and underwriting expertise, mentoring team members, and driving the adoption of best practices across regions.

HOW YOU'LL MAKE AN IMPACT

In this role, you’ll lead and manage a team of financial and actuarial professionals, ensuring the delivery of high-quality services to clients and internal teams. You’ll provide resources, tools and training to the team for underwriting analysis, developing financial projections, calculation of reserves, plan design modeling and overall financial analysis of US employer benefit plans.

You’ll act as a mentor and coach, supporting the professional growth of analysts and consultants. By developing structured training programs and resources, you’ll enhance technical skills and client-facing capabilities across the team. You’ll also oversee the management of tools, templates, and workflows, ensuring accuracy, efficiency, and alignment with industry best practices. Additionally, you’ll represent the Financial and Actuarial Consulting team in client or prospect meetings, as needed, building trust and credibility through actionable insights.

Additional responsibilities include:

• Conducting team meetings, distributing communications, and driving collaboration across branches within the region.
• Leading training programs for staff and clients to ensure consistent adoption of best practices.
• Acting as a liaison between the Financial and Actuarial Consulting teams and Gallagher’s Center of Excellence.
• Assisting in the sales prospecting as needed.
• Maintain deep understanding of Gallagher’s proprietary tools and templates used for financial and actuarial calculations, ensuring accuracy and efficiency in their application.
• Review and enhance client deliverables, ensuring they are visually appealing, easy to understand, and aligned with Gallagher’s standards.
• Provide guidance and support to FAC managers in tracking team capacity and workload distribution.
• Act as a flexible resource to provide overflow support to regions facing high workloads or complex client projects.
• Serve as a go-to resource for branch office staff, providing expertise on actuarial and financial consulting topics.
• Take ownership of escalated service issues, working closely with internal teams and clients to resolve them effectively.

BASIC QUALIFICATIONS

• Bachelor's degree and 7 years experience with Broker or Carrier side with focus on Health and Benefits.
• Working knowledge of Microsoft Windows applications and Microsoft Office.
• High degree of understanding of employee benefits funding mechanisms.
• Must be familiar with carrier reporting systems.
• Be able to effectively articulate the format, content, and logic of all underwriting tools and client reports.

PREFERRED QUALIFICATIONS

• Expertise in financial and actuarial consulting, with a strong understanding of underwriting principles.
• Proven ability to mentor and develop team members, fostering a collaborative and inclusive environment.
• Proficiency in using tools like Power Bi dashboards, AMP reporting, and Gallagher’s proprietary templates.
• Exceptional communication skills, with the ability to explain complex issues in simple terms to clients and stakeholders.
• Effective negotiation skills.
• Knowledgeable in using various analytical approaches to problem solving.
• Advanced knowledge of underwriting principles and of the employee benefits field.

BEHAVIORS

• A strategic mindset, with the ability to identify opportunities for innovation and process improvement.
• Commitment to compliance, regulatory requirements, and industry best practices.
• A passion for building relationships and delivering measurable ROI for clients.
• Must have strong interpersonal skills; excellent communication skills (both orally and in writing) and ability to build meaningful professional relationships in order to be successful with required client facing activity.
• Must demonstrate ability to effectively manage and mentor individuals as well as a team.
• Must be amiable when encountering difficult situations with clients, vendors, co-workers and direct reports.

COMPENSATION AND BENEFITS

We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave

Other benefits include:

• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more...

The benefits summary above applies to fulltime positions. If you are not applying for a fulltime position, details about benefits will be provided during the selection process.

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.