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.
Position Purpose:
- This Associate Actuary will support pricing and rate filings for Centene’s Individual commercial (ACA) line of business, focused on 1-2 states.
- Conduct analysis, pricing and risk assessment to estimate financial outcomes for Individual commercial (ACA) products.
- Manage health plan specific actuarial needs and produce actuarial reports to aid in developing corporate strategy.
- Collaborate with actuaries and non-actuaries to assist with achieving well-rounded healthcare products.
In this Associate Actuary role, you will:
- Develop, analyze, and support optimizing pricing strategies for ACA Marketplace plans that consider the need for adequate premium rates and the competitive dynamics of a market
- Develop and review key pricing inputs and assumptions, including experience, reimbursement, and morbidity analyses
- Lead the rate filing process in at least one state/market, including preparing rate filings and effective communication with federal and state regulators
- Serve as the main point of contact for all actuarial related activities for an assigned health plan
- Research and analyze the impact of various federal and state legislative/regulatory changes
- Analyze various data reports, identify trends and gaps and recommend action
Highly preferred:
- Prefer at least 2+ years of ACA pricing related experience, including rate filing submissions, or an equivalent background in pricing/rate setting for health insurance products
- Strong financial acumen, with a solid grasp of financial and actuarial principles within a health context
- Excel, R/R-Studio, SQL
Education/Experience:
- Bachelor's degree or in related field or equivalent experience.
- 2+ years of actuarial experience.
License/Certification:
- Associate of the Society of Actuaries (ASA) (or equivalent international certification); Member of American Academy of Actuaries (or equivalent international membership)
Important Note: To be considered for this Associate Actuary role, this position requires a minimum of an ASA (Associate of the Society of Actuaries) credential, a bachelor's degree, and a min. of 2+ years of actuarial experience.
*Applicants for this job have the flexibility to work remote from home anywhere in the Continental United States*
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
