Associate Actuary

Associate Actuary

Associate Actuary

Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

The Associate Actuary is responsible for assisting in the determination of Commercial rates. Associate will be part of the Connecticut Local Actuarial team performing recurring and ad hoc analyses. Responsibilities include but are not limited to rate impact analysis, supporting forecasting functions, and supporting regulatory filings.

How You Will Make an Impact:

• Under limited supervision, performs advanced actuarial and statistical analysis by applying the appropriate actuarial analytical tools to the data.
• Updates actuarial pricing, forecasting models as directed.
• Refines and collects appropriate data for actuarial analysis and ensures its reasonableness as well as accuracy by coordination within the division.
• Serves as informal mentor to other analysts on the team, guiding them through projects and advancing their analytical and technical skills.
• Performs key actuarial functions including new product pricing, evaluation of the impact of new legislation, flexible benefit consulting, and special projects.

Minimum Requirements:

• Requires a BA/BS degree and minimum of 4 years related experience; or any combination of education and experience, which would provide an equivalent background.
• ASA required from the Society of Actuaries (SOA).

Preferred Skills, Capabilities, and Experiences:

• Advanced MS Excel experience (i.e. data modeling, complex functions, pivot tables, and creating dashboards for data visualization purposes) strongly preferred.
• Ability to write and optimize complex queries to ensure data integrity and reliability when cleaning, manipulating, and analyzing large datasets using SQL, SAS, or other data tools strongly preferred.
• Effective communication and interpersonal skills strongly preferred.
• Commercial health insurance experience preferred.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $126,720 to $207,360

Locations: California; Colorado; Illinois

In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

Job Level: Non-Management Exempt

Workshift: 1st Shift (United States of America)

Job Family: ACT > Actuarial