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. Alternate locations may be considered if candidates reside within a commuting distance from an office. 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 completes diverse and complex projects and performs complex actuarial studies. The analyst supports pricing for our Commercial business, focusing on Individual and Small Group ACA strategies, developing rating models, and ensuring compliance with state and federal regulations. This individual‑contributor role requires strong technical skills, a collaborative mindset, and strategic thinking.

• Assist in the development and refinement of pricing strategies to maintain competitive and profitable products in Individual & Small Group ACA markets.
• Build and maintain rating models; provide analytical insights and guidance to ensure accurate pricing for existing products and potential new market entries.
• Collaborate on special projects to support Individual ACA growth strategies and market expansions.
• Work with internal teams and state/federal regulatory agencies (e.g., CMS) to prepare rate filings and address policy updates, ensuring ongoing compliance.
• Assist in training actuarial trainees, analysts, and specialists.

• BA/BS degree and a minimum of four Society of Actuaries (SOA) actuarial exams passed, and a minimum of 3 years related experience; or an equivalent combination of education and experience.

• Proficiency in Microsoft Excel, including developing Pivot Tables, lookup functions (VLOOKUP, XLOOKUP, INDEX/MATCH), and using formulas for data analysis and reporting.
• Intermediate SQL and/or SAS query experience.
• Experience with Microsoft Excel Power Query.
• Strong working knowledge of Excel VBA.
• Health insurance industry experience.

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

Location(s):
California;
Colorado;
New York;
Virginia.

In addition to salary, Elevance Health offers a comprehensive benefits package that includes incentive and recognition programs, equity stock purchase, 401(k) contribution, medical, dental, vision, short and long‑term disability benefits, and financial education resources.

Elevance Health operates a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific time‑onsite requirements will be discussed during the hiring process.

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 us for assistance. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws.