Associate Actuary

Centene Corporation; Illinois; On-site; USD 88,000 - 158,000; Full time

Job summary

Centene is seeking an Associate Actuary to conduct analysis, pricing, and risk assessment to project Medicare Advantage financial performance. This remote role within the Continental U.S.

supports quarterly forecasting, Medicare bid targets, and key decisions shaping benefit offerings and financial outcomes. Requires ASA designation, a Bachelor's degree, and 2+ years actuarial experience; MAAA preferred for bid certification.

Qualifications

• Bachelor's degree or equivalent experience in a related field.
• 2+ years actuarial experience.
• ASA designation (or equivalent) preferred for Medicare bid certification.

Responsibilities

• Analyze and evaluate business risks and opportunities.
• Analyze data reports to identify trends and gaps, and recommend actions.
• Apply mathematics, probability, statistics, finance, and business principles to forecast financial outcomes.
• Develop probability tables based on data analyses.
• Research legislative changes and assess their impact.
• 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

Advanced Excel

SQL/query

AI/Copilot experience

Education

Bachelor's degree or equivalent experience

ASA certification (or international equivalent)

Tools

Excel

SQL

Copilot/AI tools

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

About Centene

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.