Actuarial Analyst III

Actuarial Analyst III

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 Actuarial Analyst III completes very diverse and complicated projects and performs very complex actuarial studies. The Actuarial Analyst III is responsible for the support of pricing for our Commercial business, with a focus on Individual and Small Group ACA strategies, developing rating models, and ensuring compliance with state and federal regulations. This individual contributor position requires strong technical skills, a collaborative mindset, and strategic thinking.

How you will make an impact:

• Pricing Strategies: Assist in the development and refinement of pricing strategies to maintain competitive and profitable products in Individual & Small Group ACA markets.
• Rating Models & Guidance: Build and maintain rating models; provide analytical insights and guidance to ensure accurate pricing for existing products and potential new market entries.
• Special Pricing Projects: Collaborate on special projects to support Individual ACA growth strategies and market expansions.
• Regulatory Support: Work with internal teams and state/federal regulatory agencies (e.g. CMS) to prepare rate filings and address policy updates, ensuring ongoing compliance.
• Assists in training of actuarial trainees, analysts and specialists.

Minimum Requirements: Requires a BA/BS and to have passed a minimum of four Society of Actuaries (SOA) actuarial exams and a minimum of 3 years related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities and Experiences:

• Demonstrated proficiency in Microsoft Excel, including developing PivotTables, performing lookup functions (VLOOKUP, XLOOKUP, INDEX/MATCH), and utilizing formulas to support data analysis and reporting strongly preferred.
• Intermediate SQL and/or SAS query experience strongly preferred.
• Proficiency with Microsoft Excel Power Query preferred.
• Strong working knowledge of Excel VBA preferred.
• Health insurance industry experience preferred.

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $94,560 to $170,208.

Location(s): California; Colorado; New York; Virginia

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.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion, consistent with the law.