Actuarial Analyst III

Actuarial Analyst III

Location: 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.

Please note that 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.

The Actuarial Analyst III is responsible for the support of pricing for our Commercial business, with a particular focus on ACA expansions into new geographies, strategies, developing rating models, and ensuring compliance with state and federal regulations. This individual contributor position requires strong technical skills, a collaborative mindset, and strategic thinking.

Primary duties may include, but are not limited to:

• Pricing Strategies:
  Assist in the development and refinement of pricing strategies to maintain competitive and profitable products in Individual & Small Group ACA markets.

• Rating Models & Guidance:
  Build and maintain rating models; provide analytical insights and guidance to ensure accurate pricing for existing products and potential new market entries.

• Special Pricing Projects:
  Collaborate 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.

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.

• Analytical & Problem‑Solving:
  Demonstrated ability to tackle complex actuarial and business questions, providing clear and actionable recommendations.

• Communication:
  Excellent verbal and written communication skills; comfortable presenting data‑driven insights to stakeholders with diverse backgrounds.

• Organizational
  
  Skills:
  
  Ability to manage multiple priorities, meet deadlines, and maintain a high level of attention to detail.

• Technical Proficiency:
  Strong skills in Excel and at least one actuarial or data analysis tool (e.g., SAS, R, Python) preferred.

• Actively taking exams or attainment of Fellow or Associate of the Society of Actuaries (FSA or ASA) preferred.

• 4+ years of actuarial experience in health insurance, with an emphasis on pricing and/or product development.

• Proven ability to collaborate on complex projects and communicate findings to various audiences.

For candidates working in person or virtually in the below location(s), the salary
* range for this specific position is $104,016 to $170,208.

Locations:
California;
Colorado;
Illinois;
Massachusetts;
Minnesota;
New York

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…