Associate Actuary

Centene; United States; Remote; USD 86,000 - 155,000; Full time

Job summary

A leading healthcare organization is seeking an Associate Actuary to support Medicaid markets. This role involves analyzing risks and opportunities, collaborating with multiple stakeholders across states, and requires strong actuarial expertise. The position offers competitive salary, remote work flexibility, and a comprehensive benefits package.

Benefits

Competitive pay

Health insurance

401K and stock purchase plans

Tuition reimbursement

Paid time off plus holidays

Flexible work schedules

Qualifications

• Minimum of 2 years of relevant actuarial experience required.
• Strong technical skills and data manipulation preferred.
• Experience with Medicaid a major plus.

Responsibilities

• Conduct analysis and pricing for Medicaid.
• Work with teams to support negotiation of rates.
• Provide actuarial reports to aid corporate strategy.

Skills

Robust modeling abilities

Creative actuarial capabilities

Strong interest in Medicaid market dynamics

Good communication skills

Interpersonal skills

Organizational talents

Data manipulation

Project management skills

Education

Bachelor’s degree

Associate of the Society of Actuaries (ASA)

Tools

Excel model building

Job description

You could be the one who changes everything for our 28 million members. Centene is transforming the health of our communities, one person at a time. As a diversified, national organization, you’ll have access to competitive benefits including a fresh perspective on workplace flexibility.

Minimum Qualifications: To be eligible for the Associate Actuary position, candidates must have an ASA (Associate of the Society of Actuaries) designation, a bachelor’s degree, and a minimum of two years of relevant actuarial experience.

Position Purpose: This position will be responsible for cross-market cross-functional actuarial support for all Centene Medicaid markets inclusive of assessing and communicating results for RFPs and new business opportunities. The position requires robust modeling abilities, creative actuarial capabilities, strong interest in Medicaid market dynamics, good communication and interpersonal skills, and organizational talents. Conduct analysis, pricing and risk assessment to estimate financial outcomes. Manage health plan specific actuarial needs and produce actuarial reports to aid in developing corporate strategy.

In this Associate Actuary role, you will:

• Apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes
• Work on the RFP and Product Support team, and apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes.
• Provide expertise and technical support in matters related to the successful and financially sound operations of the company’s health plan businesses for Medicaid managed care products.
• Analyze new business opportunities, and assess and quantify risks and opportunities.
• Work with other teams to ensure soundness of bid/projection assumptions; support negotiation of capitation or premium rates with State or Federal agencies.
• Review health plan experience and identify trends.
• Work with other teams to assess impact of program/policy changes.
• Present results to management and other stakeholders.

What makes this role stand out: This role also offers valuable collaboration with a variety of stakeholders, including Health Plan CFOs, Medicaid actuaries, and other key partners. You’ll have the unique opportunity to work across nearly every state with Medicaid managed care - a level of involvement that few actuaries experience.

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) (or equivalent international certification)

Highly preferred:

• Strong technical skills, data manipulation, Excel model building, etc.
• Project management skills.
• Experience explaining results to non-actuarial stakeholders.
• Medicaid experience a major plus.

*Applicants for this job have the flexibility to work remote from home anywhere in the Continental United States. The ideal schedule is CST time zone. *

Pay Range: $86,000.00 - $154,700.00 per year

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. Total compensation may also include additional forms of incentives.

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