Actuarial Business Analyst III

About this role

Anticipated End Date: 2026-08-19 Position Title: Actuarial Business Analyst III Job Description: Actuarial Business Analyst III

Location: 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.

The Actuarial Business Analyst III is responsible for completing very diverse and complicated projects and performs very complex actuarial studies. This role is a relatively technical position in Cost of Care analysis, acting as expert in  a business or functional area, as well as being involved in coding, maintaining, and updating UM Impact models.. Types of analyses include performing sophisticated retrospective data analytics; building or validating new and modifying existing complex models; performing healthcare cost analysis to value strategies to control costs.  Provides expert advice, analytic and consultative support, working on complex enterprise-wide initiatives as project lead or co-lead. 

How You Will Make an Impact Primary duties may include, but are not limited to: • 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.

Minimum Requirements: Requires a BA/BS in Mathematics, Statistics or related field and a minimum of 5 years related experience in an actuarial environment performing financial reporting, rate development, evaluation of risk contingencies and trend projections; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities, and Experiences: • Experience specific to group insurance or health insurance environments or graduate level related education may also be used to offset some years of experience. • Intermediate to Advanced expertise with software such as SAS Stat, SAS ETS, SAS Enterprise Miner or equivalents(Python, R, etc) strongly preferred.  • Experience with Teradata, SQL, SQL Server, or equivalent strongly preferred.  • The ability to present meaningful results to a business audience, to participate collaboratively in a team tasked to produce complex analyses on a rigorous schedule, to communicate with strong written and verbal communications skills strongly preferred.

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $94,560 to $141,840.

Location: 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.  

Job Level: Non-Management Exempt Workshift:

Job Family: ACT > Business Analysis 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,

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