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University New Grad - Principal Corporate Strategy Consultant

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Chicago, IL Full time 09/14/2024 R0042346 Compensation: $107,300.00 - $193,800.00 Exact compensation may vary based on skills, experience, and location

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

This position is located in Chicago, IL

Headquartered in the heart of downtown Chicago, HCSC is the largest private, member-owned health insurer in the United States with ~$50B annual revenue, operating Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma, and Texas.  We are looking for innovative, curious, and ambitious students to join our Critical Experience Program within Corporate Strategy.

What Does the Corporate Strategy Critical Experience Program Entail?

This individual is an emerging expert in strategy-related and/or transformation activities and a growing leader on the team without specific direct reports. This individual will support leadership by delivering projects related to strategy development, planning, and implementation to help drive growth, improve the affordability of our products and services, and transform our operating model enabled by technology.

Corporate Strategy brings together the brightest minds in healthcare to advise HCSC on addressing strategic business challenges in an ever-changing and increasingly technology-enabled, consumer-centric industry.  Combining our healthcare expertise, advisory capabilities, and a deep understanding of the company and the industry, we strive to deliver enterprise transformation and achieve sustainable growth.

We seek exceptional candidates from a variety of schools and programs.  These individuals are not only highly capable of developing insight and advice for our internal clients, but also highly motivated to work with our clients to help implement the solutions developed. The program is designed to provide high-performing MBA students an opportunity to rotate through 3 to 4 teams within Corporate Strategy over the course of 2 years.

Job Description:

  • Support work effort on strategic/planning/implementation projects that assist senior leadership and HCSC Board of Directors priorities.
  • Conduct quantitative and qualitative analysis and synthesize information, generating insights and strategic implications (internal, market, competitor, etc.).
  • Initiate framing strategic options and developing recommendations on path forward, grounded in strategic analysis.
  • Collaborate with identifying initiatives, developing roadmaps, and creating and refining business cases.
  • Monitor implementation, assess progress, and escalate issues with a perspective on where help is needed from leadership.
  • Support development / coordination of presentations, communications, planning materials and other strategy-related documents that are both internally- (e.g., HCSC Board and leadership materials) and externally impacting (e.g., rating agency briefing book/presentations).
  • Maintain and grow a set of cross-functional relationships, particularly at the leadership level, to achieve goals and desired outcomes.
  • Work with leadership to ensure alignment among corporate, line of business / plan, and functional strategies.

What Are the Requirements You Must Meet?

  • Master’s Degree or MBA and 7 years of general industry experience or 3 years consulting experience at a top tier consulting firm.
  • Preferred: MBA from a top tier program
  • Graduation date between December 2024 – June 2025
  • Strategy Development/Planning/Implementation: Knowledge of corporate strategy and/or transformation core skill sets; experience formulating, planning, and/or implementing strategy and transformative efforts.
  • Analysis/Synthesis/Insight Generation: Ability to conduct quantitative and qualitative analysis, provide insights and implications, inform decision making, and make recommendations/prioritize new opportunities to pursue.
  • Critical Thinking/Problem Solving: Ability to proactively identify and resolve complex problems with some oversight.
  • Project Management: Experience managing complex projects with some oversight.
  • Collaboration and Interpersonal Effectiveness: Ability to build strong connections with people and teams, drive results by working across the matrixed environment, and work directly with leadership with some oversight.
  • Communication Skills: Ability to communicate effectively through verbal, written and visual channels.

Preferred Job Qualifications:

  • Advanced degree such as MBA, MHA, MD, JD, or PhD.
  • Experience in the healthcare industry, especially the health insurance sector.
  • Experience with corporate strategy, growth, product, transformation efforts, technology-enablement, or business case development
  • Ability to work within a very fast-paced, quickly evolving organization and manage multiple, complex priorities.

What Does the New Grad Program Entail?

  • Formal New Employee Orientation.
  • Challenging real-world hands-on project.
  • Quarterly networking opportunities.
  • Professional development workshops among peers and company leaders.
  • Educational opportunities to encourage and build business and industry acumen.

We encourage people of all backgrounds and experiences to apply.

Even if you don’t think you are a perfect fit, apply anyway - you might have qualifications we haven’t even thought of yet.

#CA
#LI-Hybrid

HCSC Employment Statement:

We are an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.

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