Associate Actuary (US)

Position Title:

Associate Actuary (US)

Job Description:

Associate Actuary

Location: Louisville, KY; Atlanta, GA; Richmond, VA; Norfolk, VA; Indianapolis, IN; St. Louis, MO; New York, NY; Mason, OH; Waukesha, WI; Walnut Creek, CA; Woodland Hills, CA; Denver, CO; Houston, TX; Grand Prairie, TX; Miami, FL;*

*We will consider highly qualified candidates from additional locations within 50 miles of Elevance Health offices.

This position will take part in Elevance Health's hybrid work model which includes remote work and in-office collaboration with the minimum in-office commitment being 1-2 days in an office per week.

The Enterprise Modeling and Trend Support team's mission is to model the potential impacts of external forces that change healthcare claim experience, to support Investor Relations and CFOs with relevant trend guidance, and to synthesize and share the Healthcare Financial Analytics (HFA) department insights on emerging claim trends and future expectations.

The Associate Actuary completes the most diverse and complicated projects and performs highly complex actuarial studies. This position will support development of the new HFA Trend Synergy Package, reviewing analyses and healthcare insights from across the department to synthesize into a timely, cohesive cost of care and trend communication for our business partners.

This role will actively seek input and embrace diverse perspectives to listen and learn from other HFA leaders and business partners, in order to better understand claims experience and help the company achieve financial goals. The Trend Synergy Package will connect insights and share enterprise analytical results and strategic insights for costs of care initiative program savings, healthcare cost trend drivers, risk adjustment, and clinical operational metrics.

How You Will Make an Impact:

Primary duties may include, but are not limited to:

• 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.

Minimum 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).

For candidates working in person or remotely in the below locations, the salary* range for this specific position is $102,960 to $185,328

Locations: California; Colorado; Nevada; Washington State; Jersey City, NJ; New York City, NY; Ithaca, NY and Westchester County, NY

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

* 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. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be 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.

Job Level:

Non-Management Exempt

Workshift:

1st Shift (United States of America)

Job Family:

ACT > Actuarial

Be part of an Extraordinary Team

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19. If you are not vaccinated, your offer will be rescinded unless you provide - and Elevance Health approves - a valid religious or medical explanation as to why you are not able to get vaccinated that Elevance Health is able to reasonably accommodate. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health has been named as a Fortune Great Place To Work in 2022, has been ranked for five years running as one of the 2023 World's Most Admired Companies by Fortune magazine, and is a growing Top 20 Fortune 500 Company. To learn more about our company and apply, please visit us at careers.ElevanceHealth.com. Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact [email protected] for assistance.