Stop Loss Actuarial Analyst III

$88,000 - $158,400/Yr

Elevance Health - Cary, NC

posted 3 months ago

Full-time - Mid Level
Cary, NC
10,001+ employees
Insurance Carriers and Related Activities

About the position

The Stop Loss Actuarial Analyst III plays a crucial role within Elevance Health, focusing on the Employer Group Stop Loss segment, particularly the rapidly growing Wellpoint Stop Loss segment. This position is designed for individuals who are adept at handling complex actuarial studies and diverse projects that support Commercial Pricing functions. The analyst will be responsible for analyzing and implementing risk contracts, which includes conducting experience analyses, pricing, filing, and settlement work. Additionally, the role involves preparing management reports that provide insights into the performance and risks associated with these contracts. In this position, the analyst will also assist in the training of actuarial trainees, analysts, and specialists, ensuring that knowledge and skills are effectively passed on within the team. Coordination and direction of special actuarial projects will be a key responsibility, requiring collaboration with a diverse group of stakeholders to provide pricing support and risk analysis. This collaborative approach is essential for the successful execution of projects and for meeting the needs of the organization and its clients. Elevance Health operates under a Hybrid Workforce Strategy, which allows for flexibility while also emphasizing the importance of in-person connections. Associates are expected to work at an Elevance Health location at least once a week, with specific requirements discussed during the hiring process. This role is not only about technical skills but also about contributing to a culture that values personal and professional growth, aligning with Elevance Health's mission to improve lives and communities through healthcare.

Responsibilities

  • Analyzes and implements risk contracts including conducting experience analyses, pricing, filing and settlement work; and prepares management reports.
  • Assists in training of actuarial trainees, analysts and specialists.
  • Coordinates/directs special actuarial projects.
  • Collaborates with a diverse group of stakeholders to provide Pricing support and Risk Analysis.

Requirements

  • Requires a BA/BS and to have passed a minimum of four Society of Actuaries (SOA) actuarial exams.
  • A minimum of 3 years related experience; or any combination of education and experience that would provide an equivalent background.

Nice-to-haves

  • Knowledge or work experience in the Stop Loss product area.
  • Large Group Commercial Pricing Experience.

Benefits

  • Comprehensive benefits package
  • Incentive and recognition programs
  • Equity stock purchase
  • 401k contribution
  • Paid Time Off
  • Medical, dental, vision benefits
  • Short and long term disability benefits
  • Life insurance
  • Wellness programs
  • Financial education resources
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