Actuarial Analyst III

Elevance Health; Louisville (KY); Hybrid; USD 85,000 - 120,000; Full time

Job summary

Elevance Health is seeking an Actuarial Analyst III in Louisville, KY to join a hybrid team. The role involves complex projects in risk contracts, pricing, and Medicare PBM analytics, with collaboration across actuarial functions.

You will build and train analysts, drive efficiency, and work with Excel, SAS, and expanding tools like R/Snowflake on healthcare initiatives.

Qualifications

• BA/BS degree required and 4 SOA exams passed.
• 3+ years of related actuarial experience.
• Experience with Excel and SAS; willing to learn R/Snowflake.

Responsibilities

• Analyzes and implements risk contracts including experience analyses, pricing, filing, and settlement work; prepares management reports for capitation initiatives.
• Assists in training actuarial trainees and specialists; coordinates special actuarial projects.
• Forecasts and analyzes Medicare pharmacy claims and PBM-related performance drivers.
• Leverages Excel, SAS, and expands to R/Snowflake/AI tools on impactful projects.

Skills

Team collaboration

Communication

Education

BA/BS in related field

SOA Exams passed (4+)

Tools

SAS

Excel

R

Snowflake

AI tools

Job description

Actuarial Analyst III

Locations: 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.

PLEASE NOTE: This position is not eligible for current or future VISA sponsorship.

The 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.
• Engage in the dynamic and rewarding field of pharmacy claim forecasting and analysis, primarily for Medicare, while collaborating on cutting-edge Pharmacy Benefits Management (PBM) initiatives.
• Leverage and expand your expertise in Excel and SAS, with the opportunity to enhance your skills in R, Snowflake and AI tools, as you contribute to impactful projects that drive innovation and efficiency in healthcare solutions.

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, Experiences and Competencies:

• Healthcare Industry experience
• Understanding of pharmacy claims, drug utilization, unit cost trends, and key drivers of Medicare Part D financial performance.

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 should submit the Accessibility Accommodation Request Form (https://forms.cloud.microsoft/pages/responsepage.aspx?id=8giMvgesLESaRuvu61vU17EJaA0EP3FIissI8zmZ_NpUNUgyTFRUMkY5NE5JNDFWMkhaUzQxMkJLWS4u&route=shorturl) 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 (https://info.flclearinghouse.com/).