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Elevance Health Logo Elevance Health · Finance

Actuarial Analyst III

United States of America, Norfolk Employment contract 94560.00 - 156024.00 USD / Year · Job Posted June 29, 2026
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Job Description

The Actuarial Analyst III is responsible for completing very diverse and complicated projects and performs very complex actuarial studies.

Job Responsibility

  • 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
  • Supporting Medicare Part D pricing and forecasting activities, with a primary focus on evaluating and modeling the financial impacts of the Inflation Reduction Act (IRA)
  • Develop, maintain, and enhance pricing models used to assess the effects of evolving Part D benefit designs, manufacturer discounts, member cost-sharing changes, and federal risk-sharing provisions
  • The associate will work closely with the certifying actuary and broader Medicare actuarial team to support bid development, pricing strategy, and financial projections
  • Responsibilities include analyzing emerging experience, assessing regulatory guidance, translating policy changes into pricing assumptions, and quantifying the impact of legislative and market developments on plan performance

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

  • SQL/Python experience preferred
  • Pricing/Valuation experience preferred
  • Pharmacy experience preferred

What we offer

  • comprehensive benefits package
  • incentive and recognition programs
  • equity stock purchase and 401k contribution
  • 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
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