Actuarial Analyst II

Anticipated End Date:

2025-12-22

Position Title:

Actuarial Analyst II

Job Description:

Actuarial Analyst II

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 II completes projects and performs complex actuarial studies.

How You Will Make an Impact:

Primary duties may include, but are not limited to:

• Performs key actuarial functions related to cost of care, understanding impact of provider and govt regulation changes and special projects.
• Designs and completes special projects such as understanding changes in cost and utilization at a claim level
• Responsible for educating and making recommendations on changes in expense and utilization that impacts the profitability of the business
• Responsible to develop, maintain and analyze reporting to support special projects and share findings regularly with market and project leadership

Minimum Requirements:

Requires a BA/BS degree and to have passed a minimum of three Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) actuarial exams and a minimum of 1 year related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities and Experiences:

• Technical background in SQL, Python, R, or SAS for data manipulation and statistical analysis.
• Proficiency in Excel, Power BI/Tableau, and actuarial software tools.
• Experience working with large administrative claims datasets and healthcare cost/utilization metrics.
• Ability to apply actuarial judgment and statistical techniques to interpret and explain complex trends

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $71,136 to $134,784.

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.

Job Level:

Non-Management Exempt

Workshift:

Job Family:

ACT > Actuarial

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

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 mak