Actuarial Analyst II

Elevance Health; Morristown (NJ); Hybrid; USD 78,000 - 135,000; Full time

Job summary

An established industry player seeks an Actuarial Analyst II to join their dynamic team. This role involves completing complex actuarial studies and providing insights through data analysis and modeling. The ideal candidate will thrive in a hybrid work environment, balancing remote and in-office responsibilities. You will have the opportunity to impact the organization significantly by supporting audits, forecasting risks, and calculating claims reserves. Join a forward-thinking company that values innovation and offers a comprehensive benefits package, including merit increases and a stock purchase plan.

Benefits

Comprehensive Benefits Package

401(k) Contribution

Incentive Bonus Programs

Paid Time Off

Health Insurance

Wellness Programs

Life Insurance

Financial Education Resources

Qualifications

• Requires a BA/BS degree and a minimum of three actuarial exams.
• 1 year of related experience or equivalent education.

Responsibilities

• Completes Actuarial Experience Reports and reconciles data.
• Calculates monthly claims liability reserves and develops rating factors.

Skills

Data Analysis

Actuarial Modeling

Risk Reporting

Forecasting

Education

Bachelor's Degree

Job description

Anticipated End Date:

2025-05-30

Position Title:

Actuarial Analyst II

Job Description:

Actuarial Analyst II

Location: Elevance Health operates in a Hybrid Workforce Strategy, providing various levels of flexibility while also ensuring that associates have opportunities to connect in-person. Unless in a designated virtual-eligible role and 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.

Alternate locations may be considered. This position will work in a hybrid model (remote and office). The ideal candidate will live within 50 miles of one of our Elevance Health PulsePoint locations.

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:

• 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.
• Obtains, verifies, analyzes and models data including risk reporting and forecasting.
• Calculates monthly claims liability reserves, develops merit rating factors and prepares Department of Insurance annual statement exhibits.

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.

For candidates working in person or remotely in the below location(s), the salary* range for this specific position is $78,624.00 to $134,784.00

Locations: California; Colorado; Illinois, 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:

1st Shift (United States of America)

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 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.

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 [e-mail] for assistance. 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.