Actuarial Analyst III role at Elevance Health, focused on supporting Cost of Care Quantification and Validation through complex actuarial studies.
About the role
- Technical Actuary delivering high-quality actuarial support across Bulk Purchase Annuity schemes. Collaborating with stakeholders to ensure accurate delivery of member options.
Responsibilities
- Collaborate with external stakeholders (including scheme advisers, trustees and outsourced partners) and internal teams (such as Pricing, Transition, and Data Services).
- Ensure member options and benefits are determined in line with transaction benefit specifications.
- Provide subject matter expertise on actuarial topics such as GMP Equalisation.
- Review actuarial calculations completed by administrators.
- Develop and maintain clear documentation for actuarial processes.
- Ensure all work produced has appropriate governance.
- Implement and review factor assumptions across the BPA scheme portfolio.
- Build and maintain cashflow projection models aligned to transaction benefit specifications.
- Monitor legislative and market developments.
- Provide actuarial expertise to ongoing projects and manage actuarial workstreams.
Requirements
- Qualified Actuary with a number of years post-qualification experience, specialising in pensions.
- Strong technical understanding of Defined Benefit pensions legislation.
- Extensive experience reviewing member calculations, including GMP Equalisation, CETV and retirement quotations.
- Experience setting factor bases and generating actuarial factors.
- Experience building models for factor generation and cashflow projections.
- Commitment to maintaining professional knowledge in a fast-changing regulatory environment.
Benefits
- Upto £80,000 plus discretionary bonus
- Private medical cover
- 38 days annual leave
- Excellent pension
- 12x salary life assurance
- Career breaks
- Income protection
- 3x volunteering days
- And much more.
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