Actuarial Analyst

at Elevance Health in Chicago, Illinois, United States

Job Description

Location: Elevance Health supports a hybrid workplace model (virtual and in-office) with PulsePoint sites used for collaboration, community, and connection. This includes remote work and 1-2 days in office per week. Candidates must reside within a 50-mile or 1-hour commute each way of a relevant Elevance Health location.

The Actuarial Analyst assists in the determination of rates. Analyzes, develops and validates statistical data.

How You Will Make an Impact

Primary duties may include, but are not limited to:

+ Under limited supervision, applies the appropriate actuarial analytical tools to the data and performs preliminary actuarial and statistical analysis.

+ Updates actuarial pricing, valuation and forecasting models as directed.

+ Refines and collects appropriate data for actuarial analysis and ensures its reasonableness and accuracy by coordination within the division.

Minimum Requirements:

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

Preferred Skills, Capabilities and Experiences:

+ Completes Actuarial Experience Reports that includes, but not limited to data collection, Category of Service logic, leveraging IBNR models, and reconciling to the general ledger.

+ Provides additional support for Audits by explaining models, data and providing supporting detail.

+ SQL and SAS knowledge and experience is preferred.

For candidates working in person or remotely in the below locations, the salary* range for this specific position is $55,656 – $111,312.

Locations: California; Colorado; Hawaii; Nevada; New York; Washington State; Jersey City, NJ

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.
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Job Posting: JC259213706

Posted On: May 15, 2024

Updated On: May 24, 2024

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