Associate Actuary

Elevance Health•Indianapolis, IN

1d•Hybrid

About The Position

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 accommodation is granted as required by law. Carelon, a proud member of the Elevance Health family of companies, is a healthcare services organization that takes a whole-health approach to making care more integrated, personalized, and affordable. We put people at the center—connecting physical, behavioral, social, and pharmacy services, along with clinical expertise, research, operations, and advanced technology to help care work better, together. Among us are specialty-care physicians, nurse practitioners, pharmacists, engineers, data scientists, and other dedicated and caring health professionals. While our roles may differ, our purpose is shared: to make a positive impact on whole health. The Associate Actuary is responsible for completing the most diverse and complicated projects and performing highly complex actuarial studies.

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

Advanced Excel Skills including model development, validation and performance assessment is preferred.
Experience working with clinical staff for new program development and performance monitoring is preferred.
Strong database programming capabilities (e.g., SQL, SAS, or similar tools) for data extraction, transformation, and analysis is preferred
Effective communicator with the ability to translate complex analytical insights into actionable recommendations for business partners, clinical staff, and corporate finance is preferred
Comfortable with using AI tools to enhance work product is preferred
Experience or willingness to collaborate with finance partners to enhance financial analysis, reporting, and decision-making is preferred

Responsibilities

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.
Responsible for 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.