Actuarial Analyst II (US)

Skip to main contentWe care about your privacyBy clicking "Accept All", you agree to the storing of cookies on your device to give you the most optimal experience using our website. We may also use cookies to enhance performance, analyze site usage and to personalize your experience.Read Full Privacy MessageDeclineAccept CookiesCareers at Elevance HealthEnglishSign InActuarial Analyst II (US) page is loadedActuarial Analyst II (US)ApplylocationsIN-INDIANAPOLIS, 220 VIRGINIA AVEKY-LOUISVILLE, 3195 TERRA CROSSING BLVD, STE 202, 204, 300, 302, 304 & 306WI-Waukesha, N17W24222 Riverwood Dr., Ste 300time typeFull timeposted onPosted 20 Days Agotime left to applyEnd Date: July 24, 2026 (2 days left to apply)job requisition idJR197433Anticipated End Date:2026-07-24Position Title:Actuarial Analyst II (US)Job Description:Actuarial Analyst II 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 II completes projects and performs complex actuarial studies.Join a high-impact team driving advanced analytics and actuarial innovation across Local Group, Individual, Medicaid, and Medicare lines of business. The Trend Insight Innovations team is pioneering the use of weekly trend data, predictive analytics, AI-enabled insights, and multi-source health indicators to anticipate future health cost drivers and enable faster, smarter business decisions. We are modernizing how emerging cost drivers are detected and communicated to support critical decisions for executive, actuarial, financial, and other key business stakeholders.How you will make an impact:Obtains, verifies, analyzes and models data including risk reporting and forecasting.Analyze and monitor weekly incurred claims, paid claims, pharmacy, lab, and authorization data to identify cost drivers, data anomalies, and emerging trends. Perform validation, reconciliation, and reasonability checks to ensure weekly trend reporting is accurate, reliable, and appropriately interpreted.Develop and support actuarial studies using large, complex datasets to evaluate health claim activity, emerging cost pressures, and key drivers such as utilization shifts, unit cost, mix, seasonality, and claims lag.Investigate new data sources and potential KPIs by assessing data quality, relevance, limitations, and business interpretability, while contributing to integration efforts and enhancements to the Leading Indicator dashboard tool.Assist in building and refining predictive models, analytical frameworks, early-warning systems, dashboards, and automated reporting processes used to monitor and anticipate future health cost trends across multiple lines of business.Translate complex data insights into clear, actionable intelligence for actuarial, health cost management, finance, and other business partners.Prepare summaries, exhibits, visualizations, and executive-level reporting used to communicate key findings, inform cost management strategies, support financial planning, and assist with quarterly earnings preparation.Collaborate with actuaries, data scientists, and business partners to improve the interpretability, automation, and visual storytelling of complex trend data.Minimum Requirements: 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...