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Actuarial Analyst III

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Elevance Health

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Location:
United States of America , Indianapolis

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Category:
IT - Software Development

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Contract Type:
Not provided

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Salary:

Not provided
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Job Description:

The Actuarial Analyst III is responsible for completing diverse and complicated projects and performing complex actuarial studies. This position will support the Commercial Actuarial Pricing Modeling Team.

Job Responsibility:

  • Support development, enhancement, and maintenance of the commercial medical and pharmacy benefit relativity model (AMEBA), a critical tool for pricing, underwriting, and group-level rating decisions
  • Perform advanced data analysis, statistical modeling, and validation to ensure accuracy, reasonableness, and regulatory compliance of pricing outputs
  • Translate complex plan design features into actionable insights by assessing their impact on cost, utilization, and consumer behavior
  • Partner closely with cross-functional stakeholders—including Commercial Pricing, Underwriting, Product, and Rating Systems teams—to inform pricing strategy and business decisions
  • Drive continuous improvement through automation and process streamlining initiatives to enhance model efficiency and scalability
  • Communicate model methodology, results, and implications clearly to both technical and non-technical stakeholders
  • support training and adoption among end users.

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.

Nice to have:

  • Strong actuarial and analytical foundation with experience in healthcare pricing, underwriting, or actuarial modeling (commercial medical and pharmacy preferred)
  • Advanced Excel proficiency required
  • experience with VBA or other automation techniques strongly preferred
  • Programming and data skills (e.g., SAS, SQL, R, Python or other tools) with experience in data extraction, manipulation, and large dataset analysis desired
  • Demonstrated ability to perform rigorous data validation and apply sound actuarial judgment to ensure model integrity
  • Knowledge of health plan design, benefit structures, and their impact on utilization and cost trends
  • Strong communication and collaboration skills, with the ability to work independently while effectively partnering across teams.
What we offer:
  • Merit increases
  • paid holidays
  • Paid Time Off
  • incentive bonus programs
  • medical, dental, vision, short and long term disability benefits
  • 401(k) +match
  • stock purchase plan
  • life insurance
  • wellness programs
  • financial education resources.

Additional Information:

Job Posted:
May 16, 2026

Expiration:
May 29, 2026

Employment Type:
Fulltime
Work Type:
Hybrid work
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