Actuarial Analyst II

Elevance Health•Richmond, IN

1d•Hybrid

About The Position

The Actuarial Analyst II is responsible for completing projects and performs complex actuarial studies. This role plays a key part in ensuring accurate, timely, and well-supported Medicare revenue reporting. The Actuarial Analyst II will help connect actuarial revenue analytics with financial close processes, providing critical insight into revenue performance, settlement expectations, and key drivers of financial results. 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. 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.

Requirements

Requires a BA/BS degree and to have passed a minimum of three Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) actuarial exams and a minimum of 1 year related experience; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

SQL/Python experience preferred.
Pricing/Valuation experience preferred.
Risk adjustment experience preferred.

Responsibilities

Obtains, verifies, analyzes and models data including risk reporting and forecasting.
Support Medicare revenue Outlook processes, including the development, validation, and documentation of revenue forecasts.
Perform month-end revenue calculations and analyses, including revenue run rate calculations, final settlement estimates, and mid-year settlement estimates.
Prepare, review, and maintain actuarial models used to support Medicare revenue accruals, settlements, and financial reporting.
Analyze revenue trends, membership changes, risk adjustment impacts, settlement drivers, and other key components affecting Medicare revenue.
Partner closely with Finance and Accounting teams to support month-end close, journal entry inputs, accruals, reconciliations, and variance explanations.
Communicate revenue results, key drivers, and emerging risks or opportunities to actuarial leadership and cross-functional stakeholders.
Assist in the preparation of recurring financial exhibits, revenue dashboards, settlement summaries, and executive-level reporting materials.
Research and explain actual-to-expected revenue variances, including changes related to run rate, settlement estimates, membership, risk scores, and timing differences.
Ensure calculations are accurate, well-controlled, and appropriately documented in accordance with internal governance standards.
Identify opportunities to improve revenue models, reporting processes, controls, documentation, and workflow efficiency.
Support ad hoc analyses related to Medicare revenue, forecasting, settlement impacts, and financial performance.