Associate Actuary

Centene Corporation; Minnesota; Remote; USD 88,000 - 158,000; Full time

Benefits offered by this job

Competitive pay

Health insurance

401K and stock purchase plans

Tuition reimbursement

Paid time off plus holidays

Flexible work arrangements

Job summary

Centene Corporation is seeking an Associate Actuary to conduct strategic analysis, pricing, peer review, and to build and support tools that aid planning processes and assess risk to estimate financial outcomes. Candidates must have ASA designation and 2+ years of actuarial experience, with Medicare Advantage exposure; strong Excel, SQL, SAS, and the ability to leverage AI tools.

This remote role within the Continental United States focuses on developing planning tools and actuarial reports to

Qualifications

• Bachelor’s degree in related field and ASA certification or equivalent actuarial experience.
• At least 2+ years of actuarial experience, including healthcare/Medicare Advantage exposure if possible.
• Strong technical skills with Excel, SQL, SAS and ability to leverage AI tools for analysis.

Responsibilities

• Contribute to Medicare strategic initiatives and planning.
• Own/build tools and processes supporting internal users’ needs.
• If eligible, review and certify MA bids (5-15 bids).
• Apply mathematics, probability, statistics and finance to calculate outcomes.
• Develop probability tables and regressions from data.
• Research legislative impact on actuarial assumptions.
• Analyze required premium rates and cash reserves.
• Assess liabilities and prepare actuarial reports.
• Participate in merger and acquisition analysis.
• Perform other duties and comply with all policies.

Skills

Actuarial analysis

Data modeling

Problem solving

Communication

Team collaboration

Education

Bachelor’s degree in related field

ASA Certification

Tools

Excel

SQL

SAS

AI tools

Job description

Position Purpose:

Conduct strategic analysis, pricing, peer review, build and support tools to aid in planning processes and assessing risk to estimate financial outcomes. Manage actuarial needs and produce actuarial reports to aid in developing corporate strategy.

Key Details:

Candidates must have 2+ years of actuarial experience and hold an ASA designation. Ideal candidates will be strategic, innovative thinkers with healthcare and Medicare Advantage actuarial experience, including cost trend analysis and actuarial tool development, with a focus on building and enhancing planning tools that support business decision-making. Strong technical skills are required, including advanced Excel (e.g., arrays, PivotTables, VBA, and queries), SQL, SAS, and the ability to effectively leverage AI tools to enhance actuarial analysis and decision-making. This position is fully remote within the Continental United States (ET/CT preferred, not required).

In this Associate Actuary role, you will:

• Contribute to and support Medicare strategic initiatives and planning


• Own/build tools and/or processes, supporting related internal users’ needs


• If eligible for American Academy of Actuaries membership, review and certify MA bids (typically 5-15 bids)


• Apply knowledge of mathematics, probability, statistics, and principles of finance and business to calculate financial outcomes


• Developing probability tables and regressions based on analysis of statistical data and other pertinent information


• Research and analyze the impact from legislative changes


• Analyze and evaluate required premium rates


• Assess cash reserves and liabilities enable payment of future benefits


• Analyze various data reports, identify trends and gaps and recommend actionDetermine the equitable basis for distributing money for insurance benefits


• Create and update actuarial reports


• Participate in merger and acquisition analysis

• Perform other duties as assigned and comply with all policies and standards

Education/Experience:

Bachelor’s degree in related field or equivalent experience. 2+ years of actuarial experience.

License/Certification:

Associate of the Society of Actuaries (ASA)

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.

Benefits:

• competitive pay


• health insurance


• 401K and stock purchase plans


• tuition reimbursement


• paid time off plus holidays


• 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