Actuarial Director - Enterprise Valuation

Actuarial Director – Enterprise Valuation

Location:

This role requires associates to be in-office 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work‑life balance. Alternate locations may be considered if candidates reside within a commuting distance from an office.

The Actuarial Director is responsible for actuarial leadership and oversight for statutory reserve reporting, reinsurance arrangements, and financial risk management activities supporting Elevance Health insurance subsidiaries. Responsibilities include statutory actuarial opinions and memoranda, reserve adequacy analysis, reinsurance monitoring, and actuarial support for complex funds withheld arrangements across multiple lines of business.

• Lead actuarial support for statutory reserve reporting and financial reporting requirements for life and health insurance entities.
• Support preparation of statutory actuarial opinions and memoranda, including coordination with internal and external stakeholders and regulatory requirements.
• Monitor and analyze experience, profitability, and reserve adequacy by line of business and product.
• Provide actuarial oversight for complex reinsurance arrangements, including funds withheld coinsurance structures covering various health insurance lines of business.
• Partner closely with Finance, Accounting, Investments, and Corporate Actuarial teams to support statutory and GAAP financial reporting.
• Ensure actuarial models, reserve calculations, and related accruals are appropriate, well controlled, and compliant with applicable accounting and regulatory requirements.
• Support governance, audit, and regulatory interactions related to actuarial and reinsurance matters.
• Serve as actuarial representative on major cross‑functional initiatives involving reserving, financial reporting, and reinsurance.
• Assist in developing internal actuarial governance and succession planning capabilities for appointed actuary responsibilities.

• BA/BS degree and minimum 6 years of related experience; or any combination of education and experience equivalent in background.
• FSA required from the Society of Actuaries (SOA).

• BA/BS in Actuarial Science, Mathematics, Statistics, Finance, or related field.
• Minimum 6 years of actuarial experience, preferably including statutory valuation, reserve analysis, or financial reporting.
• Experience with reinsurance structures and reserve financing arrangements.
• Experience with funds withheld reinsurance arrangements.
• Qualification to sign both NAIC Health and Life Statements of Actuarial Opinion.
• Fellow of the Society of Actuaries (FSA) strongly preferred; ASA acceptable if other qualifications are met.
• Satisfy Life‑specific U.S. Qualification Standards (USQS) requirements.
• Experience with statutory and GAAP insurance accounting.
• Strong communication, organizational, and cross‑functional leadership skills.

Salary range: $155,760 to $233,640.

Benefits include a comprehensive benefits package, incentive and recognition programs, equity stock purchase, and 401(k) contribution (subject to eligibility requirements).

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 requiring accommodation for the job application process may contact elevancehealthj for assistance.