Actuarial Analyst III

Elevance Health • Indianapolis, IN

4d • 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 pricing for our Commercial business, with a particular focus on ACA expansions into new geographies, 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. How You Will Make an Impact Primary duties may include, but are not limited to:

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 to maintain competitive and profitable products in Individual & Small Group ACA markets.
• 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 Individual ACA growth strategies and market expansions.
• Regulatory Support: Work with internal teams and state/federal regulatory agencies (e.g., CMS) to prepare rate filings and address policy updates, ensuring ongoing compliance.

Benefits

• 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).
• We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees