Actuarial Analyst II

Primary duties may include, but are not limited to:

• Obtains, verifies, analyzes and models data including risk reporting and forecasting.
• Support Medicare revenue Outlook processes, including the development, validation, and documentation of revenue forecasts.
• Perform month-end revenue calculations and analyses, including revenue run rate calculations, final settlement estimates, and mid-year settlement estimates.
• Prepare, review, and maintain actuarial models used to support Medicare revenue accruals, settlements, and financial reporting.
• Analyze revenue trends, membership changes, risk adjustment impacts, settlement drivers, and other key components affecting Medicare revenue.
• Partner closely with Finance and Accounting teams to support month-end close, journal entry inputs, accruals, reconciliations, and variance explanations.
• Communicate revenue results, key drivers, and emerging risks or opportunities to actuarial leadership and cross-functional stakeholders.
• Assist in the preparation of recurring financial exhibits, revenue dashboards, settlement summaries, and executive-level reporting materials.
• Research and explain actual-to-expected revenue variances, including changes related to run rate, settlement estimates, membership, risk scores, and timing differences.
• Ensure calculations are accurate, well-controlled, and appropriately documented in accordance with internal governance standards.
• Identify opportunities to improve revenue models, reporting processes, controls, documentation, and workflow efficiency.
• Support ad hoc analyses related to Medicare revenue, forecasting, settlement impacts, and financial performance.

• SQL/Python experience preferred.
• Pricing/Valuation experience preferred.
• Risk adjustment experience preferred.

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $77,040 to $115,560.

Location: Virginia

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 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.