Medicare Advantage Actuarial Analyst III

at Elevance Health in Chicago, Illinois, United States

Job Description

WARNING: Please beware of phishing scams that solicit interviews or promote work-at-home opportunities, some of which may pose as legitimate companies. Elevance Health requires a completed online application for consideration of employment for any position. We will never ask you for a credit card, send you a check, or ask you for payment as part of consideration for employment.

Medicare Advantage Actuarial Analyst III

+ Job Family: Actuarial

+ Type: Full time

+ Date Posted:Jan 23, 2024

+ Anticipated End Date:Mar 25, 2024

+ Reference: JR103522


+ Illinois, Chicago

+ Arkansas, Little Rock

+ Louisiana, Metairie

+ Louisiana, Baton Rouge

+ Michigan, Wixom

+ Ohio, Mason

+ Georgia, Atlanta

+ Kentucky, Louisville

+ Tennessee, Nashville

+ Michigan, Dearborn

+ Indiana, Indianapolis

+ Florida, Tampa

+ Tennessee, Memphis

+ Kansas, Topeka

+ Iowa, West Des Moines

+ Tennessee, Knoxville


+ Connecticut, Wallingford

+ Texas, Houston

+ Virginia, Richmond

+ Connecticut, Rocky Hill

+ Wisconsin, Waukesha

+ North Carolina, Cary

+ Wisconsin, Madison

+ Missouri, St. Louis

+ Texas, Dallas

+ Florida, Miami

+ Virginia, Norfolk

+ New Jersey, Morristown


CareMore is a proud member of the Elevance Health family of brands, offering clinical programs and primary care options for seniors. We are a team of committed clinicians and business leaders passionate about transforming American healthcare delivery.

This is a remote, individual contributor role; however, the person in this position must live within 50 miles of an Elevance Health office location. Work schedule: Monday – Friday, 8:00 am to 5:00 pm EST or CST

The Actuarial Analyst III completes very diverse and complicated projects and performs very complex actuarial studies.

Primary duties may include, but are not limited to:

+ Analyzes and implements risk contracts including conducting experience analyses, pricing, filing and settlement work; and prepares management reports supporting new capitation initiatives.

+ Assists in training of actuarial trainees, analysts and specialists.

+ Coordinates/directs special actuarial projects.

+ Collaborates with the data warehouse analysts in establishing business rules and monitoring adherence.

+ Provides business expertise regarding the appropriate use of data elements and cooperates with reporting personnel from other areas to establish and maintain these common business rules.

+ Translates data trends into strategic recommendations for program development and action plans.

+ Tracks and prioritizes projects through coordination and negotiation with internal and external clients to improve the efficiency of information/project plan generation.

+ Evaluates and triages potential projects and studies based on the value, cost benefit analysis and the urgency of the request.

+ Performs strategic data analysis (data mining) and research as appropriate to support business needs (e.g., disease management, provider profiling, etc.).

+ Develops detailed understanding of relevant business processes, goals and strategy in order to provide analysis and interpretation.

+ Develops and communicates action plans to address areas for improvement identified through data analysis and business expertise.

+ Assists in planning initiatives to address areas for improvement.

+ Collaborates with business user to define media, frequency and audience for distribution of information.

+ Mentors (formally and informally) less experienced associates and identifies training needs and initiates education to address skill and knowledge gaps.

Minimum Requirements:

+ 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.

Preferred Skills, Capabilities, and Experiences:

+ Excellent knowledge and understanding of data warehouse data structures and data flows is strongly preferred.

+ Excellent oral and written communication, analytical and planning skills and knowledge of standard Business Information tools and programming/query languages preferred.

+ Experience in managed care and data analysis is preferred.

+ Practical business experience is preferred.

+ Background in Medicare or other public health insurance programs with understanding of risk adjustment programs

+ Actively working towards ASA/ FSA.

+ SAS, SQL, and other programming language experience preferred.

+ 2-4 years of experience in an actuarial department, Medicare Advantage risk adjustment experience preferred.

+ Proficiency with Microsoft office tools with emphasis on Excel preferred.

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 making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success – for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in 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 requirements and expectations for time onsite will be discussed as part of the hiring process. Candidates must reside within 50 miles or 1-hour commute each way of a relevant Elevance Health location.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

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 for assistance.

EEO is the Law

Equal Opportunity Employer / Disability / Veteran

Please use the links below to review statements of protection from discrimination under Federal law for job applicants and employees.

+ EEO Policy Statement

+ Know Your

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Job Posting: JC254244880

Posted On: Jan 25, 2024

Updated On: Mar 27, 2024

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