Pros
Base salaries and total compensation can be very competitive for new hires. Total compensation transparency for both your position and company internal postings - you can see salary ranges of open positions. Actuarial study program provides generous study hours. Decent overall benefits package - in-line with competitors. Year-end merit raises and bonuses have excellent pay-for-performance aspects.
Cons
New 4 "hub" office locations for finance and actuarial associates - all of which are in very low COL geographic regions. Promotional opportunities and career development are now extremely difficult for those outside of "hub" cities. Despite this, Anthem has actively hired nationwide and into work-from-home positions up until the day this was announced. Company took work from home leniency way too far, and it is now swinging to the other extreme end of the spectrum. This is already compromising company attraction and retention for key finance and actuarial talent. Significant amount layoffs for actuaries across all job levels - some of which were very high performers. Non-existent office culture. Anthem leadership claims this is a priority, but little has been done to encourage it. For actuaries in particular: - Anthem leadership does not appear to value actuaries nearly as much as competitors. Actuaries consistently overshadowed by corporate finance, and minimal executive actuarial representation exists other than valuation. This is a significant cultural difference between Anthem and key competitors, some of which even have an actuary as their CFO. - No actuarial rotational program. This limits career development and promotional opportunities overall compared to competitors. No pipeline of upcoming positions openings. - Actuarial study program provides below market compensation and needs additional pay-for-performance aspects.
