Actuarial Analyst III

Pricing Strategies

The Actuarial Analyst III assists in the development and refinement of pricing strategies to maintain competitive and profitable products in Individual & Small Group ACA markets.

Rating Models & Guidance

This individual contributor position involves building and maintaining rating models; providing analytical insights and guidance to ensure accurate pricing for existing products and potential new market entries.

Special Pricing Projects

The Actuarial Analyst III collaborates 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.

Assists in training of actuarial trainees, analysts and specialists.

Minimum 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.

Preferred Skills, Capabilities and Experiences

• Demonstrated proficiency in Microsoft Excel, including developing PivotTables, performing lookup functions (VLOOKUP, XLOOKUP, INDEX/MATCH), and utilizing formulas to support data analysis and reporting.
• Intermediate SQL and/or SAS query experience.
• Strong working knowledge of Excel VBA.
• Health insurance industry experience preferred.

Location(s)

• California
• Colorado
• New York
• Virginia

Salary Range

The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $94,560 to $170,208.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level.

No amount is wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

About the Role

The Actuarial Analyst III completes very diverse and complicated projects and performs very complex actuarial studies. The Actuarial Analyst III is responsible for the support of pricing for our Commercial business, with a focus on Individual and Small Group ACA strategies, developing rating models, and ensuring compliance with state and federal regulations.

Responsibilities

See Pricing Strategies, Rating Models & Guidance, Special Pricing Projects, and Regulatory Support sections above.

Requirements

See Minimum Requirements section above.

Qualifications

See Preferred Skills, Capabilities and Experiences section above.

Skills

See Preferred Skills, Capabilities and Experiences section above.

Benefits

Elevance Health offers a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements).

Pay

The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $94,560 to $170,208.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level.

No amount is wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

Schedule

The Actuarial Analyst III works 1 - 2 days per week in-office, 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.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.