Associate Actuary

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.
 

To be considered for this role, candidates must have an ASA or FSA designation, a bachelor’s degree or higher, and at least 2 years of actuarial experience.

Location: Work remote from home anywhere in the Continental US.

Position Purpose: 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.

Why This Role Is Appealing:

• This critical role plays a key part in advancing Value-Based Care (VBC) strategies that drive significant financial value across the enterprise
• Gain broad exposure to vendor contracting, financial performance evaluation, and strategic decision-making while collaborating with stakeholders across all lines of business on diverse, high-impact initiatives

In this Associate Actuary role, you will:

• Serve as the main point of contact for all actuarial related activities for an assigned contract
• Apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes
• Developing probability tables based on analysis of statistical data and other pertinent information
• Research and analyze the impact from legislative changes
• Analyze and evaluate required vendor and provider deals
• Analyze various data reports, identify trends and gaps and recommend action
• Determine the equitable basis for distributing with providers and vendors
• Create and update actuarial reports
• Participate in merger and acquisition analysis

Additional responsibilities will include: 

• Supporting the development and maintenance of financial models for Value-Based Care (VBC) contracts (e.g., assisting with shared savings/risk and capitation analyses in Excel)
• Analyzing claims, vendor performance, and other healthcare datasets using tools such as SQL, SAS, or Python to help establish baselines, track performance, and identify trends
• Assisting with the preparation of financial analyses and materials used in discussions with external vendors and internal stakeholders
• Collaborating with cross-functional teams, including Medical Economics, Enterprise Partnerships, Network, and Clinical teams, to gather data, validate assumptions, and support ongoing initiatives
• Identifying data discrepancies, reporting issues, and analytical findings, and escalating concerns or recommendations to more senior team members as appropriate

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)

Preferred Skills:

• Experience in healthcare
• Experience in Excel, SAS, SQL, Snowflake and/or Teradata
• Vendor/Provider Experience

Our actuarial development program is designed to support your success through comprehensive exam support, mentorship, and continuous learning opportunities. You'll join a collaborative and supportive team that values knowledge sharing, celebrates exam progress, and is invested in helping actuaries grow and succeed throughout their careers.

NOTE: Must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Sponsorship and future sponsorship are not available for this opportunity, including employment-based visa types H-1B, L-1, O-1, H-1B1, F-1, J-1, OPT, or CPT.

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