Entry Level Health Actuary Jobs

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.

Welcome! Applicants for this role have the flexibility to work remote from home anywhere in the Continental United States. To be considered for this role, candidates must have an ASA or FSA designation, a bachelor’s degree, and at least two years of actuarial experience.

Strategic Impact of the Role: We are seeking an entrepreneurial and innovative Associate Actuary to serve as a key strategic leader evaluating our highest-priority strategic initiatives - specifically, internal Quality and Affordability Initiatives (QAI) and external Value-Based Care (VBC) arrangements.

This is not a traditional actuarial role, it’s a unique opportunity for an actuary who thrives in ambiguity and enjoys building from the ground up as a full-stack problem solver. You will independently identify valuation challenges, ideate robust analytical solutions, and engineer the methodologies required to measure the true financial impact of our value-based programs.

Because you will be driving strategy across a complex organization, success in this role requires exceptional matrix influence and communication skills. If you can combine a rigorous actuarial technical foundation with the proactive mindset of a business builder and the persuasive communication of a consultant, this role offers unparalleled enterprise visibility and impact.

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.

In this Associate Actuary role you will:

• Serve as the main point of contact for all actuarial related activities for VBC contracts
• Apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes
• Research and analyze the impact from legislative changes
• Assess cash reserves and liabilities enable payment of future benefits
• Analyze various data reports, identify trends and gaps and recommend action
• Determine the equitable basis for distributing money for insurance benefits
• Create and update actuarial reports
• Participate in merger and acquisition analysis

Additional responsibilities:

• Methodology Development: Critically evaluate current valuation processes for strategic initiatives to identify gaps, overlapping values, or invalid assumptions. Independently design, engineer, and implement new, actuarially sound methodologies for measuring program efficacy and shared savings
• End-to-End Analytics: Extract, clean, and manipulate complex data sets to stand up independent valuation models
• Matrix Influence & Cross-Functional Leadership: Serve as the primary actuarial liaison for strategic initiatives. Utilize strong matrix influence to build consensus among clinical, operational, and finance leaders
• Executive Translation: Act as a strategic communicator, translating highly complex actuarial methodologies and financial impacts into compelling, easily understood narratives for non-technical executive stakeholders
• Financial Translation: Develop the operational framework to translate clinical interventions and operational outcomes into concrete, defensible financial forecasts and enterprise financial statements
• Strategic Optimization: Assess the broader operational workflow of the strategic valuation process and recommend proactive improvements to enhance efficiency, accuracy, and enterprise-wide alignment

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 Qualifications:

• Technical Proficiency: Advanced hands-on technical skills in data extraction and modeling (e.g., SQL, Python, R, and/or SAS). Must be capable of building complex analytics and data pipelines independently
• Problem Solving: Proven ability to navigate ambiguity, scope undefined business problems, and independently execute quantitative solutions without an existing playbook
• Prior experience in Actuarial Consulting, Value-Based Care analytics
• Experience evaluating the financial impact of clinical programs, care management initiatives, or medical cost trend
• A track record of standing up new analytical functions or leading "0-to-1" operational initiatives within a health plan or consulting environment

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