Actuarial Analyst III

Elevance Health•St. Louis, MO

3d•$94,560 - $170,208•Hybrid

About The Position

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.

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

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.

Responsibilities

Assist in the development and refinement of pricing strategies to maintain competitive and profitable products in Individual & Small Group ACA markets.
Build and maintain rating models; provide analytical insights and guidance to ensure accurate pricing for existing products and potential new market entries.
Collaborate on special projects to support Individual ACA growth strategies and market expansions.
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.