Actuarial Analyst III

Anticipated End Date:

Position Title: 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. 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 supports Medicare Advantage pricing and bid development within the Medicare Actuarial team.

• Benefit Ownership:
  Manage assigned pricing models and benefits, ensuring data accuracy, methodology consistency, and timely bid filing readiness.
• Contract Interpretation:
  Review vendor and benefit contracts, translating terms into accurate pricing assumptions and model inputs.
• Data Validation & Issue Resolution:
  Validate data sources, troubleshoot discrepancies, and resolve issues quickly to maintain model integrity.
• Experience Analysis:
  Conduct experience studies to support pricing decisions and assumption development.
• Audit support:
  Assist with CMS bid desk reviews and audits by preparing documentation and explanations of pricing methodologies.
• Leadership &
  
  Collaboration:
  
  Lead special projects, develop process improvements, and provide guidance and training to junior analysts.

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.

• Intermediate Excel experience preferred.
• Intermediate SQL query experience preferred.
• Strong organization and project management experience preferred.

For candidates working in person or virtually in the below location(s), the salary
* range for this specific position is $86,640 to $164,160.

Locations:
California;
Colorado;
Columbus, OH;
Illinois;
Maryland;
Massachusetts;
Minnesota;
New Jersey;
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 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.

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

At Elevance Health, we are creating a culture that is designed to advance our…