Associate Actuary

Elevance Health•Indianapolis, IN

1d•Hybrid

About The Position

The Associate Actuary will complete the most diverse and complicated projects and performs highly complex actuarial studies. This role is responsible for Carelon valuation support for the business unit by interpreting financial results and variances from forecast to help identify product and segment behavior to assist in the risk management of the business unit. Key actuarial functions include new product pricing, evaluation of the impact of new legislation, flexible benefit consulting, and special projects. The position also involves designing and completing special projects such as developing and maintaining experience-rating formulae and creating and/or reviewing alternative settlement formulate and risk sharing models. Recommendations on pricing, marketing, product design, claims, premium and enrollment administration of the business unit are also part of the role.

Requirements

Requires a BA/BS degree and minimum of 4 years related experience; or any combination of education and experience, which would provide an equivalent background.
ASA required from the Society of Actuaries (SOA).

Nice To Haves

Intermediate Excel experience strongly preferred.
Intermediate SQL and/or SAS query experience strongly preferred.
Health insurance industry experience preferred.

Responsibilities

Responsible for Carelon valuation support for business unit by interpreting financial results, variances from forecast to help identify product and segment behavior to assist in the risk management of the business unit.
Performs key actuarial functions including new product pricing, evaluation of the impact of new legislation, flexible benefit consulting, and special projects.
Designs and completes special projects such as developing and maintaining experience-rating formulae and creating and/or reviewing alternative settlement formulate and risk sharing models.
Responsible for recommendations on pricing, marketing, product design, claims, premium and enrollment administration of business unit.