Actuarial Analyst II

The Elevance Health Companies, Inc.; Indianapolis (IN); Hybrid; USD 77,000 - 116,000; Full time

Benefits offered by this job

comprehensive benefits package

incentive and recognition programs

equity stock purchase

401k contribution

Job summary

Elevance Health is seeking an Actuarial Analyst II to advance Medicare revenue reporting and analytics. The role emphasizes connecting actuarial revenue insights to financial close, supporting GRS revenue analytics and collaborating with Finance and Accounting for month-end processes.

The candidate will analyze data, develop forecasts and maintain models, with exposure to SQL/Python, risk adjustment and valuation tasks.

Qualifications

• BA/BS degree plus 3 actuarial exams and 1 year related experience or equivalent background.
• SOA/CAS exams completed or in progress as required.
• actuarial exams must be in good standing to qualify.

Responsibilities

• Obtains, verifies, analyzes and models data including risk reporting and forecasting.
• Support Medicare revenue Outlook processes, including development, validation and documentation of revenue forecasts.
• Perform month-end revenue calculations and analyses, including run-rate, settlement estimates and mid-year figures.
• Prepare, review and maintain actuarial models for Medicare revenue accruals, settlements and reporting.
• Analyze revenue trends, membership changes, risk adjustment impacts, settlement drivers, and key drivers of financial results.
• Partner with Finance and Accounting to support month-end close, journal entries, accruals, reconciliations and variance explanations.
• Communicate revenue results, drivers and risks to actuarial leadership and stakeholders.
• Assist in preparation of revenue dashboards, settlement summaries and executive reports.
• Research actual-to-expected revenue variances including run rate, settlement estimates and timing differences.
• Ensure calculations are accurate, well-controlled and documented according to governance standards.
• Identify opportunities to improve revenue models, reporting processes and controls.
• Support ad hoc analyses related to Medicare revenue and financial performance.

Skills

SQL/Python experience

Pricing/Valuation experience

Risk adjustment experience

Education

BA/BS degree

SOA/CAS actuarial exams

Job description

Actuarial Analyst II

Location: Requires 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. Alternate locations may be considered if candidates reside within a commuting distance from an office.

The Actuarial Analyst II is responsible for completing projects and performs complex actuarial studies. This role plays a key part in ensuring accurate, timely, and well‑supported Medicare revenue reporting.

The Actuarial Analyst II will help connect actuarial revenue analytics with financial close processes, providing critical insight into revenue performance, settlement expectations, and key drivers of financial results.

This role will also focus on GRS revenue support and analytics.

How You Will Make an Impact

• Obtains, verifies, analyzes and models data including risk reporting and forecasting.
• Support Medicare revenue Outlook processes, including the development, validation, and documentation of revenue forecasts.
• Perform month‑end revenue calculations and analyses, including revenue run‑rate calculations, final settlement estimates, and mid‑year settlement estimates.
• Prepare, review, and maintain actuarial models used to support Medicare revenue accruals, settlements, and financial reporting.
• Analyze revenue trends, membership changes, risk adjustment impacts, settlement drivers, and other key components affecting Medicare revenue.
• Partner closely with Finance and Accounting teams to support month‑end close, journal entry inputs, accruals, reconciliations, and variance explanations.
• Communicate revenue results, key drivers, and emerging risks or opportunities to actuarial leadership and cross‑functional stakeholders.
• Assist in the preparation of recurring financial exhibits, revenue dashboards, settlement summaries, and executive‑level reporting materials.
• Research and explain actual‑to‑expected revenue variances, including changes related to run rate, settlement estimates, membership, risk scores, and timing differences.
• Ensure calculations are accurate, well‑controlled, and appropriately documented in accordance with internal governance standards.
• Identify opportunities to improve revenue models, reporting processes, controls, documentation, and workflow efficiency.
• Support ad hoc analyses related to Medicare revenue, forecasting, settlement impacts, and financial performance.

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

• SQL/Python experience preferred.
• Pricing/Valuation experience preferred.
• Risk adjustment experience preferred.

Salary & Benefits

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $77,040 to $115,560. Location: Virginia.

• comprehensive benefits package
• incentive and recognition programs
• equity stock purchase
• 401k contribution

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 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 Details

• Job Level: Non‑Management Exempt
• Workshift:
• Job Family: ACT > Actuarial

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.

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 and Influenza. 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.

Equal Employment Opportunity

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.

Accessible Application Process

Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact.

Legal and Background Considerations

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act. Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.