Actuarial Analyst III at Elevance Health Actuarial Analyst III at Elevance Health in Indianapolis, Indiana Posted in about 3 hours ago.

Actuarial 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 Analyst III is responsible for completing very diverse and complicated projects and performs very complex actuarial studies. Will be responsible for performing monthly Medicare reserving and reporting. Also will be responsible for quarterly and annual GAAP and statutory reporting requirements. The role involves preparing detailed analyses and reports to guide financial decisions and communicate results to Medicare business unit. This position also provides key support during EY and Department of Insurance (DOI) audits. How You Will Make an

Impact:

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. Oversees the Group Medicare Advantage IBNR calculations and reporting, managing both high-dollar accrual research and low-dollar accrual updates. Supports the IBC Joint Venture business through IBNR calculations and presenting results to IBC. Represents the team in close meetings for Group Advantage. Prepares the quarterly and monthly IBNR reconciliations. Updates Medicare QE files used for IU2B statutory reporting each quarter. Manages Medicare statutory reporting for G0288 and G8478. Provides annual actuarial opinion support by documenting Medicare provider incentives and other non-lag items, tracking progress, and ensuring adherence to deadlines. Contributes to actuarial opinion support through opinion recon updates and updates to the actuarial opinion memorandum and technical appendix. Collaborates closely with and mentors junior analysts, reviewing their work to ensure accuracy, consistency, and quality.

Minimum 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. 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, 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 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.