Associate Actuary

at Elevance Health in Chicago, Illinois, United States

Job Description

Associate Actuary

Location: Open to any Pulse Point location.

Must be within a 50-mile radius of a Pulse Point location.

This position will take part in Elevance Health’s hybrid workforce strategy which includes virtual work and 1-2 days in office per week. Specific requirements and expectations for time on site will be discussed as part of the hiring process.

The Associate Actuary completes the most diverse and complicated projects and performs highly complex actuarial studies.

How You Will Make an Impact:

Primary duties may include, but are not limited to:

+ Performs key actuarial functions for Medicare Advantage including new product pricing, evaluation of the impact of new legislation, evaluation of value-based contracts, and special projects.

+ Designs and completes special projects such as developing and maintaining experience-rating formulae and creating and/or reviewing alternative settlement formulate and risk sharing models.

+ Responsible for recommendations on pricing, marketing, product design, claims, premium and enrollment administration of business unit.

+ Responsible for valuation support for business unit by interpreting financial results, variances from forecast to help identify product and segment behavior to assist in the risk management of the business unit.

Minimum Requirements:

+ Requires a BA/BS degree and minimum of 4 years related experience; or any combination of education and experience, which would provide an equivalent background.

+ ASA required from the Society of Actuaries (SOA).

For candidates working in person or remotely in the below locations, the salary* range for this specific position is $107,040 to $192,672

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: JC259656546

Posted On: May 15, 2024

Updated On: Jun 01, 2024

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