Actuarial Analyst III

The Elevance Health Companies, Inc.; Indianapolis (IN); Hybrid; USD 90,000 - 170,000; Full time

Job summary

Elevance Health is seeking an Actuarial Analyst III to complete diverse projects and conduct complex actuarial studies. The role focuses on risk contracts, pricing, filing and settlements with management reporting for new capitation initiatives.

The successful candidate will train actuarial staff and coordinate special projects while leveraging health-insurance experience and strong analytical skills in a hybrid in-office setting.

Qualifications

• Requires a BA/BS and to have passed a minimum of four SOA actuarial exams and a minimum of 3 years related experience.
• Or any combination of education and experience providing equivalent background.

Responsibilities

• Analyzes and implements risk contracts including experience analyses, pricing, filing and settlement work, and prepares management reports for capitation initiatives.
• Assists in training actuarial trainees, analysts and specialists.
• Coordinates/directs special actuarial projects.

Skills

SOA exams

Education

BA/BS degree

Tools

Excel

SQL

SAS

Job description

Anticipated End Date: 2026-08-28

Position Title

Actuarial Analyst III

Location

This role requires associates to be 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, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

Job Description

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

How you will make an impact

• 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.

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

• Intermediate Excel experience strongly preferred.
• Intermediate SQL and/or SAS query experience strongly preferred.
• Health insurance industry experience preferred.
• Medicaid experience preferred.

Salary Range

The salary* range for this specific position is $89,832 to $170,208.

Locations

• California
• Illinois
• Maine
• Maryland
• Massachusetts
• Minnesota
• New York
• Virginia

Benefits

• 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).

Job Level

Non-Management Exempt

Workshift

Job Family: ACT > Actuarial

Company Overview

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.

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.

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.

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 should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact.

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

Elevance Health is an Equal Opportunity Employer/Disability/Veterans.