Actuarial Analyst III

Elevance Health•Indianapolis, IN

4d•$104,016 - $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 is responsible for the support of product development for our Commercial business. This individual contributor position that requires strong technical skills, a collaborative mindset, and strategic thinking in order to drive successful ACA initiatives. How You Will Make an Impact Primary duties may include, but are not limited to: Plan Pricing Factors & Compliance Testing: Contribute to the development of benefit relativities used in pricing, along with compliance calculations for Actuarial Values, Mental Health Parity, and other regulatory requirements. Process Improvement: Identify opportunities to enhance current workflows, streamline data collection/analysis, and promote best practices to improve efficiency and output quality. Strategic Product Development: Provide actuarial expertise to product development teams by evaluating benefit design options, pricing impacts, and unique plan assessments for specialized client needs. 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: 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 For candidates working in person or virtually in the below location(s), the salary range for this specific position is $104,016 to $170,208. Locations: California; Colorado; New York 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 considered to be 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 unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

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

Responsibilities

Contribute to the development of benefit relativities used in pricing, along with compliance calculations for Actuarial Values, Mental Health Parity, and other regulatory requirements.
Identify opportunities to enhance current workflows, streamline data collection/analysis, and promote best practices to improve efficiency and output quality.
Provide actuarial expertise to product development teams by evaluating benefit design options, pricing impacts, and unique plan assessments for specialized client needs.