Actuarial Analyst I

Elevance Health•Cincinnati, OH

8d•$66,240 - $114,264•Hybrid

About The Position

The Actuarial Analyst I is responsible for assisting in the determination of rates. Analyzes, develops and validates statistical data. Under limited supervision, applies the appropriate actuarial analytical tools to the data and performs preliminary actuarial and statistical analysis. Updates actuarial pricing, valuation and forecasting models as directed. Refines and collects appropriate data for actuarial analysis and ensures its reasonableness and accuracy by coordination within the division.

Requirements

Requires a BA/BS degree
Must have passed a minimum of one Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) actuarial exam
Any combination of education and experience, which would provide an equivalent background.

Nice To Haves

Completes Actuarial Experience Reports that includes, but not limited to data collection, Category of Service logic, leveraging IBNR models, and reconciling to the general ledger.
Provides additional support for Audits by explaining models, data and providing supporting detail.

Responsibilities

Assisting in the determination of rates.
Analyzing, developing and validating statistical data.
Applying appropriate actuarial analytical tools to the data and performing preliminary actuarial and statistical analysis.
Updating actuarial pricing, valuation and forecasting models as directed.
Refining and collecting appropriate data for actuarial analysis and ensuring its reasonableness and accuracy by coordination within the division.
Completing Actuarial Experience Reports that includes, but not limited to data collection, Category of Service logic, leveraging IBNR models, and reconciling to the general ledger.
Providing additional support for Audits by explaining models, data and providing supporting detail.