Elevance Health Actuarial Analyst II in Hingham, Massachusetts
Actuarial Analyst II
Job Family: Actuarial
Type: Full time
Date Posted:Jun 01, 2023
Req #: JR74111
Arkansas, Little Rock
Colorado, Colorado Springs
Louisiana, Baton Rouge
New Jersey, Iselin
Ohio, Seven Hills
California, Woodland Hills
California, Walnut Creek
North Carolina, Winston
New Hampshire, Manchester
Iowa, West Des Moines
Nevada, Las Vegas
California, Rancho Cordova
North Carolina, Cary
Missouri, St. Louis
Florida, Miami Lakes
California, Palo Alto
Missouri, Jefferson City
FL, ALTAMONTE SPRINGS
NY, Lake Success
NY, Lake Success
Minnesota, Mendota Heights
California, Los Angeles
New York, New York City
New York, Middletown
National +50 Miles away from nearest PulsePoint, National +50 Miles away from nearest PulsePoint
New York, Latham
NY, EAST SYRACUSE
Rhode Island, Smithfield
California, Costa Mesa
District of Columbia, Washington
New York, Albany
Connecticut, Rocky Hill
Texas, Grand Prairie
Maine, South Portland
New Jersey, Morristown
MA, NEWTON 55 CHAPEL ST
Location: This position could primarily be remote, proximity to an Elevance Health major office (PulsePoint) is preferred but not required. Elevance Health supports a hybrid workplace model with pulse point sites used for collaboration, community, and connection.
The Actuarial Analyst II is responsible for completing projects and performing complex actuarial studies.
How You Will Make an Impact :
Primary duties may include, but are not limited to:
Completes projects and performs complex actuarial studies with a focus on pharmacy utilization and cost trend studies.
Provide actuarial support for Pharmacy Benefit Management Company, CarelonRx, drug formulary optimization team through modeling financial impacts of changing drug coverage for all lines of business.
The successful candidate will gain in-depth understanding of PBM operations including formulary management, clinical operations, and drug pricing for all lines of business.
Work directly with cross functional teams including clinicians and pharmacist to developing drug growth strategy and cost of care savings opportunities.
Perform and develop supporting analytics on emerging drug trends, inflation reporting, and developing studies on drug market shifting assumptions.
Excellent opportunity for the motivated associate looking to advance with high visibility to senior leadership.
Requires a BA/BS degree and to have passed a minimum of three Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) actuarial exams and a minimum of 1-year related experience; or any combination of education and experience, which would provide an equivalent background.
Preferred Skills, Capabilities, and Experiences:
Familiarity with SAS and using Excel VBA.
Experience with SQL or other query language.
Previous experience in pharmacy and drug formulary cost of care analytics strongly desired.
Advanced Excel skills including but not limited to complex data manipulation and analytic functions.
Ability to effectively communicate (both oral and written) to non-actuarial professionals.
For candidates working in person or remotely in the below locations, the salary* range for this specific position is $62,640 to $125,280.
Locations: California; Colorado; Nevada; Washington State; Jersey City, NJ; New York City, NY; Ithaca, NY and Westchester County, 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.
Please be advised that Elevance Health only accepts resumes from agencies that have a signed agreement with Elevance Health. Accordingly, Elevance Health is not obligated to pay referral fees to any agency that is not a party to an agreement with Elevance Health. Thus, any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.
Be part of an Extraordinary Team
Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?
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.
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. If you are not vaccinated, your offer will be rescinded unless you provide – and Elevance Health approves – a valid religious or medical explanation as to why you are not able to get vaccinated that Elevance Health is able to reasonably accommodate. Elevance Health will also follow all relevant federal, state and local laws.
Elevance Health has been named as a Fortune Great Place To Work in 2022, has been ranked for five years running as one of the 2023 World’s Most Admired Companies by Fortune magazine, and is a growing Top 20 Fortune 500 Company. To learn more about our company and apply, please visit us at careers.ElevanceHealth.com. 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 may contact firstname.lastname@example.org for assistance.
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