Actuarial Analyst III at Elevance Health

Atlanta, Georgia, United States

Elevance Health Logo
$86,640 – $164,160Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, InsuranceIndustries

Requirements

  • BA/BS degree
  • Passed a minimum of four Society of Actuaries (SOA) actuarial exams
  • Minimum of 3 years related experience, or any combination of education and experience providing an equivalent background
  • Reside within a reasonable commuting distance from the office location(s), with in-office presence 1-2 days per week (unless accommodation granted as required by law)

Responsibilities

  • Analyzes and implements risk contracts, including conducting experience analyses, pricing, filing, and settlement work
  • Prepares management reports supporting new capitation initiatives
  • Assists in training of actuarial trainees, analysts, and specialists
  • Coordinates/directs special actuarial projects
  • Completes very diverse and complicated projects and performs very complex actuarial studies

Skills

Key technologies and capabilities for this role

SOA ExamsActuarial AnalysisExperience StudiesRisk ContractsPricingCapitationManagement ReportingActuarial Studies

Questions & Answers

Common questions about this position

What is the salary range for this Actuarial Analyst III position?

For candidates working in person or virtually in California, Colorado, Minnesota, or New York, the salary range is $86,640 to $164,160. Actual compensation may vary based on geographic location, work experience, education, skill level, and market considerations.

What is the work arrangement or location policy for this role?

The role requires associates to be in-office 1-2 days per week, with flexibility for virtual work. Candidates must reside within a reasonable commuting distance from the posting location(s), unless an accommodation is granted.

What are the minimum qualifications and required skills for this position?

Requires a BA/BS and passing a minimum of four Society of Actuaries (SOA) actuarial exams, plus at least 3 years of related experience, or equivalent combination. Key responsibilities include complex actuarial studies, risk contract analysis, pricing, filing, experience analyses, and training junior staff.

What benefits does Elevance Health offer for this role?

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

What makes a strong candidate for the Actuarial Analyst III role?

Strong candidates will have a BA/BS, at least four passed SOA exams, and 3+ years of related actuarial experience, with the ability to handle very diverse and complicated projects, complex actuarial studies, risk analyses, pricing, and training others.

Elevance Health

Integrated health services and digital platform

About Elevance Health

Elevance Health focuses on enhancing the health of individuals throughout their lives by evolving from a traditional health benefits organization into a comprehensive health partner. The company serves over 118 million people, providing support at every stage of health through an integrated approach that addresses a wide range of health needs. Their services are backed by advanced capabilities and a digital health platform that streamlines access to care. Unlike many competitors, Elevance Health emphasizes a holistic view of health, aiming to redefine health and improve community well-being. The ultimate goal is to make health improvements accessible to everyone.

Indianapolis, IndianaHeadquarters
1944Year Founded
$309.4MTotal Funding
IPOCompany Stage
Enterprise Software, Social Impact, HealthcareIndustries
10,001+Employees

Benefits

Medical, dental, & vision insurance
401(k) + match
Paid holidays
Paid Time Off
Incentive bonus programs
Stock purchase plan
Life insurance
Wellness Programs
Financial education resources
Adoption & Surrogacy Assistance
Dependent-care Flexible Spending Account (DCFSA)
Parental Leave
Parental Transition Week
Critical Caregiving Leave

Risks

Departure of CFO John Gallina may create a gap in financial leadership.
Lawsuit against CMS over MA Star Ratings could lead to financial penalties.
CareBridge integration may face operational challenges, disrupting service delivery.

Differentiation

Elevance Health integrates whole health approach with digital health platform for comprehensive care.
Acquisition of CareBridge enhances home health services within Carelon division.
Strategic partnership with Clayton, Dubilier & Rice aims to innovate primary care delivery.

Upsides

AI integration in home health services can reduce hospital readmissions and improve outcomes.
Predictive analytics support early disease detection, aligning with Elevance's whole health approach.
Telehealth expansion offers opportunities to reach more patients remotely.

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