Actuarial Analyst II
Elevance Health · Indianapolis, IN · 1 wk ago
Sales$77k–$127k/yrFull-time
How You Will Make an Impact
- Obtains, verifies, analyzes and models data including risk reporting and forecasting.
- Support Medicare revenue Outlook processes, including the development, validation, and documentation of revenue forecasts.
- Perform month-end revenue calculations and analyses, including revenue run rate calculations, final settlement estimates, and mid-year settlement estimates.
- Prepare, review, and maintain actuarial models used to support Medicare revenue accruals, settlements, and financial reporting.
- Analyze revenue trends, membership changes, risk adjustment impacts, settlement drivers, and other key components affecting Medicare revenue.
- Partner closely with Finance and Accounting teams to support month-end close, journal entry inputs, accruals, reconciliations, and variance explanations.
- Communicate revenue results, key drivers, and emerging risks or opportunities to actuarial leadership and cross-functional stakeholders.
- Aid in the preparation of recurring financial exhibits, revenue dashboards, settlement summaries, and executive-level reporting materials.
- Research and explain actual-to-expected revenue variances, including changes related to run rate, settlement estimates, membership, risk scores, and timing differences.
- Ensure calculations are accurate, well-controlled, and appropriately documented in accordance with internal governance standards.
- Identify opportunities to improve revenue models, reporting processes, controls, documentation, and workflow efficiency.
- Support ad hoc analyses related to Medicare revenue, forecasting, settlement impacts, and financial performance.
- BA/BS degree and passed a minimum of three Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) actuarial exams.
- Minimum of 1 year related experience.
- SQL/Python experience preferred.
- Pricing/Valuation experience preferred.
- Risk adjustment experience preferred.
- Comprehensive benefits package
- Incentive and recognition programs
- Equity stock purchase
- 401(k) contribution
- Stock purchase plan
- Life insurance
- Wellness programs and financial education resources
Minimum Requirements
Preferred Skills, Capabilities, and Experiences
Pay
The salary range for this specific position is $77,040 to $127,116.
Benefits
About the Role
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.
Qualifications
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.