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Contract Actuarial Jobs in Indiana (NOW HIRING)

Actuarial Analyst III

Indianapolis, IN · On-site

$89K - $170K/yr

Actuarial Analyst III Actuarial Analyst III Location: This role requires associates to be in-office ... Analyzes and implements risk contracts including conducting experience analyses, pricing, filing ...

Actuarial Analyst III

Indianapolis, IN · On-site

$89K - $170K/yr

Actuarial Analyst III Actuarial Analyst III Location: This role requires associates to be in-office ... Analyzes and implements risk contracts including conducting experience analyses, pricing, filing ...

Actuarial Analyst III

Indianapolis, IN · On-site

$89K - $170K/yr

Actuarial Analyst III Location: This role requires associates to be in-office 1-2 days per week ... Analyzes and implements risk contracts including conducting experience analyses, pricing, filing ...

Includes leadership and a focus to support risk-based contracts, claims studies, actuarial evaluations and episodic payments where gain share (or upside), steerage and other upside to the practice ...

Includes leadership and a focus to support risk-based contracts, claims studies, actuarial evaluations and episodic payments where gain share (or upside), steerage and other upside to the practice ...

Managed Care Director

Dyer, IN · On-site

$90 - $120/hr

Includes leadership and a focus to support risk-based contracts, claims studies, actuarial evaluations and episodic payments where gain share (or upside), steerage and other upside to the practice ...

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Showing results 1-20

Contract Actuarial information

See Indiana salary details

$20.9K

$89K

$146.5K

How much do contract actuarial jobs pay per year?

As of Aug 22, 2026, the average yearly pay for contract actuarial in Indiana is $88,995.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,000.00 and $104,200.00 per year, depending on experience, location, and employer.

What is a contract actuarial?

Contract actuaries are professionals who provide actuarial services on a temporary, project-based, or consulting basis rather than working as permanent employees. They typically analyze financial risks using mathematics, statistics, and financial theory to help organizations make informed decisions, often in the insurance, pension, or finance sectors. Companies may hire contract actuaries for specific projects, to cover staff shortages, or to bring specialized expertise. This flexible working arrangement can benefit both the actuary and the employer by offering adaptability and access to niche skills.

What are the key skills and qualifications needed to thrive as a contract actuarial?

To thrive as a Contract Actuarial, you need strong analytical abilities, advanced mathematical and statistical knowledge, and typically a degree in actuarial science, mathematics, or a related field, often supported by professional actuarial certifications (such as ASA or FSA). Familiarity with actuarial modeling software (like Prophet or MoSes), Microsoft Excel, and specialized data analysis tools is expected. Excellent problem-solving, time management, and communication skills help actuaries deliver precise results while collaborating with clients and stakeholders. These capabilities are crucial for providing accurate risk assessments and ensuring compliance within dynamic project-based environments.

What are some common challenges faced by contract actuaries, and how can they be addressed?

Contract actuaries often face the challenge of adapting quickly to new company cultures, systems, and regulatory environments, as each assignment may differ in scope and expectations. Effective communication and strong organizational skills are key to integrating smoothly into project teams and delivering accurate analyses within tight deadlines. Building a network of professional contacts and staying updated on relevant actuarial standards can also help contract actuaries overcome these challenges and ensure continued success across diverse projects.

What is the difference between Contract Actuarial vs Actuarial Analyst?

AspectContract ActuarialActuarial Analyst
CredentialsActuarial exams, certifications, often with contract-specific knowledgeActuarial exams, entry-level certifications
Work EnvironmentProject-based, contract roles, often in insurance or consulting firmsFull-time, office or remote, in insurance, finance, or consulting
Industry UsageCommon in insurance, reinsurance, consulting firmsWidespread in insurance, finance, and consulting sectors
Job FocusSpecialized contract work, risk assessment, pricing, reservingData analysis, pricing, reserving, reporting

Contract Actuarials typically work on short-term projects with specialized tasks, often requiring advanced certifications. Actuarial Analysts usually hold entry-level roles with ongoing responsibilities in data analysis and pricing. Both roles are vital in insurance and finance industries but differ mainly in contract nature and scope.

What are the most commonly searched types of Actuarial jobs in Indiana?

The most popular types of Actuarial jobs in Indiana are:

What are popular job titles related to Contract Actuarial jobs in Indiana?

For Contract Actuarial jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Contract Actuarial jobs in Indiana look for?

The top searched job categories for Contract Actuarial jobs in Indiana are:

Infographic showing various Contract Actuarial job openings in Indiana as of August 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 66% Physical, 13% Hybrid, and 21% Remote job distribution, with an average salary of $88,995 per year, or $42.8 per hour.

Actuarial Analyst III

Elevance Health

Indianapolis, IN • On-site

$89K - $170K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 days ago


Elevance Health rating

7.6

Company rating: 7.6 out of 10

Based on 352 frontline employees who took The Breakroom Quiz

212th of 311 rated insurance


Job description

Anticipated End Date:

2026-08-28

Position Title:

Actuarial Analyst III

Job Description:

Actuarial Analyst III

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 III completes very diverse and complicated projects and performs very complex actuarial studies.
How you will make an impact:

  • Analyzes and implements risk contracts including conducting experience analyses, pricing, filing and settlement work; and prepares management reports supporting new capitation initiatives.
  • Assists in training of actuarial trainees, analysts and specialists.
  • Coordinates/directs special actuarial projects.


Minimum Requirements: Requires a BA/BS and to have passed a minimum of four Society of Actuaries (SOA) actuarial exams and a minimum of 3 years related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities, and Experiences:

  • Intermediate Excel experience strongly preferred.
  • Intermediate SQL and/or SAS query experience strongly preferred.
  • Health insurance industry experience preferred.
  • Medicaid experience preferred.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $89,832 to $170,208.

Locations: California; Illinois; Maine; Maryland; Massachusetts; Minnesota; New York; 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 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, paid time off, stock, 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.

Job Level:

Non-Management Exempt

Workshift:

Job Family:

ACT > Actuarial

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.


Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.


How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.


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.


Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.


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 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.


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 should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.


Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


NOTE: Workday keeps job postings active through 11:59:59 PM on the day before the listed end date. Example: If the end date is 3/13, the posting will automatically come down on 3/12 at 11:59:59 PM. In other words - the job is posted until 3/13, not through 3/13.


What Elevance Health employees say

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About Elevance Health

Sourced by ZipRecruiter

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?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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