Location: This position will work a hybrid model (remote and office). Must reside within 50 miles/1hour commute from a Elevance Health location.
The Director & Actuary I is responsible for managing, directing and providing leadership for actuarial projects for Commercial Valuation.
How you will make an impact:
Guides staff in the preparation and interpretation of data and related formulae.
Assists Actuarial department head in developing the company's actuarial policies and procedures.
Directs and provides leadership in actuarial functions, which may include: the design, pricing, and implementation of assigned products; estimation of reserves and financial reporting, interpretation and projection; analysis of trends and cost of care initiatives; and actuarial modeling and analytics.
Maintains the product line to comply with various state and federal regulations.
Conducts and analyzes experience studies, validates pricing assumptions and monitors the consistency of company practices and procedures.
Performs short and long-term financial forecasting and analysis.
Responsible for decisions determining priority of work assignments, appropriateness of actuarial and statistical analysis, determining actuarial soundness of products, reserve position, underwriting guidelines, etc.
Hires, trains, coaches, counsels, and evaluates performance of direct reports.
Minimum Requirements:
Requires a BA/BS in actuarial science, mathematics, statistics or related field and minimum of 7 years of relate experience; or any combination of education and experience which would provide an equivalent background.
Requires ASA/MAAA.
Preferred Skills, Capabilities and Experiences:
Prior Valuation and/or Management experience a plus.
For candidates working in person or remotely in the below location(s), the salary* range for this specific position is $148,896 to $243,648.
Locations: Woodland Hills, CA; Denver, CO; Washington D.C.; New York, NY
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 considered to be 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.
