Associate Actuary

Elevance Health • Indianapolis, IN

2d • Hybrid

About The Position

The Associate Actuary completes diverse and complicated projects and performs highly complex actuarial studies. The role performs actuarial functions including new product pricing, evaluating the impact of new legislation, flexible benefit consulting, and special projects. It also develops and maintains experience-rating formulas and creates or reviews alternative settlement formulas and risk-sharing models.

The Associate Actuary makes recommendations on pricing, marketing, product design, claims, premium and enrollment administration for the business unit. The role also provides valuation support by interpreting financial results and variances from forecast, identifying product and segment behavior, and supporting business-unit risk management.

This is a hybrid role requiring associates to work in-office 1–2 days per week. Candidates must live within a reasonable commuting distance of an office, unless an accommodation is granted as required by law. Alternate locations may be considered for candidates within commuting distance of an office.

Requirements

• Bachelor’s degree (BA/BS) and a minimum of 4 years of related experience, or an equivalent combination of education and experience.
• Associate of the Society of Actuaries (ASA) designation required.
• Candidates must reside within a reasonable commuting distance of an office, unless an accommodation is granted as required by law.

Nice To Haves

• Medicare Advantage pricing experience is strongly preferred.

Responsibilities

• Perform actuarial functions including new product pricing, evaluation of the impact of new legislation, flexible benefit consulting, and special projects.
• Design and complete special projects, including developing and maintaining experience-rating formulas and creating or reviewing alternative settlement formulas and risk-sharing models.
• Make recommendations on pricing, marketing, product design, claims, premium administration, and enrollment administration for the business unit.
• Provide valuation support by interpreting financial results and forecast variances to identify product and segment behavior and assist with business-unit risk management.

Benefits

• Comprehensive benefits package, subject to eligibility requirements.
• Incentive and recognition programs.
• Equity stock purchase plan.
• 401(k) contribution.
• Merit increases.
• Paid holidays.
• Paid time off.
• Incentive bonus programs, unless covered by a collective bargaining agreement.
• Medical insurance.
• Dental insurance.
• Vision insurance.
• Short- and long-term disability benefits.
• 401(k) matching.
• Life insurance.
• Wellness programs.
• Financial education resources.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level