Actuarial Analyst III (US)

Elevance Health•Indianapolis, IN

1d•$113,472 - $170,208•Hybrid

About The Position

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. How you will make an impact: Pricing Strategies: Assist in the development and refinement of pricing strategies/studies to maintain competitive and profitable products in the LG Commercial Market 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 LG growth strategies. Regulatory Support: Work with internal teams and state/federal regulatory agencies to prepare rate filings and address policy updates, ensuring ongoing compliance. Assists in training of actuarial trainees, analysts and specialists. Coordinates/directs special actuarial projects.

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.

Nice To Haves

Analytical & Problem-Solving: Demonstrated ability to tackle complex actuarial and business questions, providing clear and actionable recommendations.
Communication: Excellent verbal and written communication skills; comfortable presenting data-driven insights to stakeholders with diverse backgrounds.
Organizational Skills: Ability to manage multiple priorities, meet deadlines, and maintain a high level of attention to detail.
Technical Proficiency: Strong skills in Excel and at least one actuarial or data analysis tool (e.g., SAS, R, Python) preferred
Actively taking exams or attainment of Fellow or Associate of the Society of Actuaries (FSA or ASA) preferred.
4+ years of actuarial experience in health insurance, with an emphasis on pricing and/or product development.
Proven ability to collaborate on complex projects and communicate findings to various audiences.

Responsibilities

Pricing Strategies: Assist in the development and refinement of pricing strategies/studies to maintain competitive and profitable products in the LG Commercial Market
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 LG growth strategies.
Regulatory Support: Work with internal teams and state/federal regulatory agencies to prepare rate filings and address policy updates, ensuring ongoing compliance.
Assists in training of actuarial trainees, analysts and specialists.
Coordinates/directs special actuarial projects.