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Associate Actuary

Role overview

Qualifications

  • Bachelor's degree in a related field or equivalent experience
  • 2+ years of actuarial experience
  • Associate of the Society of Actuaries (ASA)
  • MAAA preferred for Medicare bid certification

Responsibilities

  • Analyze and evaluate business risks and opportunities
  • Analyze various data reports, identify trends and gaps, and recommend actions
  • Apply knowledge of mathematics, probability, statistics, finance, and business principles to calculate financial outcomes
  • Create and update actuarial reports

Hard skills

Other skills

  • Microsoft Excel
  • Analytical Thinking
  • Mathematics

About the company

Centene Corporation logo

Centene Corporation

Health Insurance (Payers)

Centene Corporation provides high-quality healthcare services to members in all 50 states. Since its founding in 1984, Centene has worked to transform the health of communities, one person at a time. Centene is the largest Medicaid managed care organization in the country and provides a portfolio of services to government sponsored healthcare programs. Centene believes that healthcare is best delivered locally. Our local health plans offer a range of health insurance solutions with a focus on providing accessible care to uninsured and under-insured individuals. Many receive benefits provided under Medicaid, including the State Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long Term Care (LTC), in addition to other state-sponsored/hybrid programs, and Medicare (Special Needs Plans). Centene also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, dental benefits management, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy and telehealth services. Centene’s hiring practices reflect the composition of the members and communities we serve, allowing us to deliver quality, culturally sensitive healthcare to millions of members. Centene employees help change the world of healthcare and transform our communities. To learn more about career opportunities with Centene, visit: https://jobs.centene.com/

Company details

Company typeXLarge
IndustryHealth Insurance (Payers)
Company size10001

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Job description

Position Purpose: Conduct analysis, pricing, and risk assessment to evaluate and project Medicare Advantage financial performance. As part of the Medicare Actuarial Forecast & Financial Performance Team, this role supports quarterly forecasting, Medicare bid target setting, and key business decisions that shape Medicare benefit offerings and financial performance.

Key Details: Fully remote within the Continental U.S. Requires ASA designation, a Bachelor's degree, and 2+ years of actuarial experience. MAAA preferred for Medicare bid certification. Experience with Medicare Advantage financial performance, cost trend analysis, and actuarial analytics preferred. Strong analytical judgment, advanced Excel, and basic SQL/query skills required; AI/Copilot experience is a plus.

In this Associate Actuary role, you will:

  • Analyze and evaluate business risks and opportunities.
  • Analyze various data reports, identify trends and gaps, and recommend actions.
  • Apply knowledge of mathematics, probability, statistics, finance, and business principles to calculate financial outcomes.
  • Develop probability tables based on analyses of statistical data and other pertinent information.
  • Research and analyze the impact of legislative changes.
  • Determine equitable methods for distributing funds for insurance benefits.
  • Create and update actuarial reports.
  • Participate in merger and acquisition analyses.
  • Certify annual Medicare bids.

Education/Experience: Bachelor's degree in a related field or equivalent experience. 2+ years of actuarial experience.

License/Certification: Associate of the Society of Actuaries (ASA) (or equivalent international certification).

Pay Range: $87,700.00 - $157,800.00 per year

At Centene, we connect people to the care they need to live healthier lives — and the work you do here makes that impact real every day. You’ll take on meaningful challenges that directly support individuals, families, and communities, building your skills while making healthcare more accessible and effective. It’s work with a purpose you can see, backed by a team committed to improving lives well beyond the workday.
 

Centene offers a comprehensive benefits package including: competitive pay, health insurance, 401K and stock purchase plans, tuition reimbursement, paid time off plus holidays, and a flexible approach to work with remote, hybrid, field or office work schedules.  Actual pay will be adjusted based on an individual's skills, experience, education, and other job-related factors permitted by law, including full-time or part-time status.  Total compensation may also include additional forms of incentives. Benefits may be subject to program eligibility.

Centene is an equal opportunity employer that is committed to diversity, and values the ways in which we are different. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other characteristic protected by applicable law.


Qualified applicants with arrest or conviction records will be considered in accordance with the LA County Ordinance and the California Fair Chance Act

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Marcus Rivera

Chief Revenue Officer

m.rivera@company.com
linkedin.com/in/marcusrivera
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