Actuary - Valuation & Reserving

About the role

Position Purpose: Conduct analysis, pricing and risk assessment to estimate financial outcomes. Support the Actuarial Valuation Team through experience and trend analysis, valuation activities, and communication of financial results.

Key Details: 5+ years of actuarial experience with ASA designation, or 4+ years with FSA designation. Member of the American Academy of Actuaries (MAAA) preferred. Ideal candidates will be creative, analytical, and innovative thinkers with healthcare and valuation actuarial experience, including estimation of claims incurred but not paid and knowledge of NAIC actuarial opinions. This role will support monthly incurred but not paid reserves, with a tight turnaround during the first week of each month, and offer opportunities to help develop new processes, identify operational efficiencies, collaborate across departments, and gain exposure to leadership. Strong Excel skills are required (e.g., VBA, arrays, PivotTables, and queries). SQL, Python, Power BI, and the ability to effectively leverage AI tools to enhance actuarial analysis and decision-making are preferred. Fully remote within the continental U.S.

Estimate liabilities for claims incurred but not paid

Communicate financial results to health plans and other internal stakeholders

Support the NAIC actuarial opinion process

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

Develop probability tables based on analysis of statistical data and other pertinent information

Review insurance plans and calculate required premium rates

Ensure cash reserves and liabilities enable payment of future benefits

Determine an equitable basis for distributing money for insurance benefits

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 required. 5+ years of actuarial experience and Associate in Society of Actuaries (ASA) certification required or 4+ years of actuarial experience and Fellow in Society of Actuaries (FSA) certification required.

Licenses/Certifications: Associate of the Society of Actuaries (ASA) required and Member of the American Academy of Actuaries (MAAA) preferred.

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.

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

Posting text as published by Centene Management Company.

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Remote-IL, United States of America

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