Associate Actuary

Centene Management Company LLC; California (MO); Hybrid; USD 88,000 - 158,000; Full time

Benefits offered by this job

Competitive pay

Health insurance

401K

Stock purchase plans

Tuition reimbursement

Paid time off + holidays

Flexible work schedules

Job summary

Centene Management Company LLC is seeking an experienced Actuary to conduct analysis, pricing and risk assessment for Medicare Advantage financial performance. The role supports quarterly forecasting, Medicare bid targets, and key business decisions shaping Medicare benefits.

Fully remote within the Continental U.S., requires ASA designation, a Bachelor's degree, and 2+ years actuarial experience; MAAA preferred for bid certification. Strong Excel and SQL skills are essential.

Qualifications

• Bachelor's degree in a related field or equivalent experience.
• 2+ years actuarial experience.
• ASA certification (or equivalent).
• MAAA preferred for Medicare bid certification.
• Strong Excel and SQL/query skills.
• Experience with Medicare Advantage financial performance.

Responsibilities

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

Skills

Analytical thinking

Forecasting

Data analysis

Quantitative analysis

Education

Bachelor's degree in related field

ASA certification

MAAA designation

Tools

Excel

SQL

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.

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.
• 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

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

About Centene & Culture

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.

Benefits

• 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.

Equal Opportunity and Diversity Statement

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.

Centene is committed to helping people live healthier lives. We provide access to high-quality healthcare, innovative programs and a wide range of health solutions that help families and individuals get well, stay well and be well.