Associate Actuary: Hybrid Pricing & Risk Modeling

Elevance Health, Inc.; Richmond (VA); Hybrid; USD 115,000 - 207,000; Full time

Job summary

Elevance Health, Inc. is seeking an Associate Actuary to perform highly complex actuarial studies and lead diverse projects. The role supports pricing, legislation impact, and risk-sharing models with a focus on salary range between $115,200 and $207,360 for on-site or hybrid work arrangements in the Virginia area.

Minimum requirements include a BA/BS and 4+ years of relevant experience; ASA certification is required. Medicare Advantage pricing experience is preferred.

Qualifications

• Requires a BA/BS degree and minimum of 4 years related experience; or any combination of education and experience, which would provide an equivalent background.
• ASA required from the Society of Actuaries (SOA).
• Medicare Advantage pricing strongly preferred.

Responsibilities

• Performs key actuarial functions including pricing, legislation impact assessment, flexible benefit consulting, and special projects.
• Designs and maintains experience-rating formulas and creating and/or reviewing alternative settlement formulate and risk sharing models.
• Responsible for recommendations on pricing, marketing, product design, claims, premium and enrollment administration of business unit.
• Responsible for valuation support for business unit by interpreting financial results, variances from forecast to help identify product and segment behavior to assist in the risk management of the business unit.

Skills

Actuarial pricing

Legislation impact

Experience-rating

Education

BA/BS degree

ASA (SOA)

Job description

Elevance Health, Inc. is seeking an Associate Actuary to perform highly complex actuarial studies and lead diverse projects. The role supports pricing, legislation impact, and risk-sharing models with a focus on salary range between $115,200 and $207,360 for on-site or hybrid work arrangements in the Virginia area.

Minimum requirements include a BA/BS and 4+ years of relevant experience; ASA certification is required. Medicare Advantage pricing experience is preferred.