Actuarial Director

Elevance Health; Indianapolis (IN); Hybrid; USD 142,000 - 255,000; Full time

Benefits offered by this job

Comprehensive benefits package

Equity stock purchase program

401(k) contribution

Job summary

Elevance Health is seeking an Actuarial Director in a hybrid in-office role to identify, evaluate, and respond to financial risks in pricing health insurance products. The position emphasizes data-driven pricing, rate development, and cross-functional leadership.

Qualifications

• Requires a BA/BS degree and minimum of 6 years related experience.
• ASA required from the Society of Actuaries (SOA).
• FSA strongly preferred.

Responsibilities

• Prepares and interprets data, actuarial analyses, and related formulae to develop pricing strategies; leads rate development and filings, and evaluates financial performance for the Individual business, specifically non-Blue states.
• Monitors trends in profit and profitability; develops pricing recommendations and partners with local pricing teams to ensure alignment with segment financial targets.
• Serves on major, multi-function projects as Actuarial representative and may provide actuarial certification or sign-off on rate filings, as appropriate.
• Organizes and directs workflow, providing actuarial leadership for Individual pricing activities.

Skills

Actuarial analysis

Pricing strategy

Leadership

Cross-functional collaboration

Education

BA/BS degree

ASA certification

Job description

Actuarial Director

Location: This role requires associates to be in-office 3 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 accommodation is granted as required by law.

The Actuarial Director is responsible for identifying, evaluating and responding to financial risks inherent in the pricing and development of health insurance products.

How you will make an impact:

• Prepares and interprets data, actuarial analyses, and related formulae to develop pricing strategies; leads rate development and filings, and evaluates financial performance for the Individual business, specifically non-Blue states.

• Monitors trends in profit and profitability; develops pricing recommendations and partners with local pricing teams to ensure alignment with segment financial targets.

• Serves on major, multi-function projects as Actuarial representative and may provide actuarial certification or sign-off on rate filings, as appropriate.

• Organizes and directs workflow, providing actuarial leadership for Individual pricing activities.

Minimum Qualifications :

• Requires a BA/BS degree and minimum of 6 years related experience; or any combination of education and experience, which would provide an equivalent background.

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

Preferred Skills, Capabilities and Experiences :

• FSA strongly preferred.

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $141,600 to $254,880.

Location(s): Connecticut, Illinois, Massachusetts, New York, Virginia

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 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.

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/) .