CVS Health is committed to shaping a more connected and compassionate health experience. They are seeking an Actuarial Analyst to support actuarial functions through quantitative skills and analytical methods, working collaboratively with cross-functional teams to inform pricing and valuation for various projects.
Support actuarial functions by applying quantitative skills and analytical methods to well defined projects
Develop quantitative techniques to inform pricing and valuation for assigned projects, large group customers, and overall financial portfolio
Apply mathematical and statistical methods to analyze data for use in studies, valuation, and pricing projects in support of the business
Work and collaborate with cross-functional teams including Underwriting, Sales, and Accounts on large, complex new business and renewal cases
Leverage Excel, SAS, and other technical options to efficiently complete projects
Demonstrate spreadsheeting proficiency and familiarity with database and web-based applications
Complete studies used for assumption setting in pricing model and maintain financial analytic models
Contribute to product development and re-pricing initiatives and apply knowledge of current pricing models and risk management practices
Work on special projects that require actuarial research and analysis in partnership with business teams both in and out of finance and provide support for understanding case specific underwriting issues
Develop experience analysis reviews, produce summary reports of financial results and communicate results, trends, and issues to management along with proactive recommendations
Continuously build specialized knowledge of company operations and systems, and the actuarial discipline
Continually assess established training and work processes to identify areas for improved effectiveness and efficiency
Take ownership of assigned projects and/or models/tools
Raise issues and propose suggestions as appropriate
Provide input into decision making process
Demonstrate basic understanding and working knowledge of internal data sources
Develop creative technical solutions to a variety of problems
Support development and implementation of appropriate tools and models
Support maintenance and development of enhancements to processes, tools, and make suggestions to maximize efficiency
Participate in development and finalization of business requirements and/or specifications for processes, tools, and systems
Participate in testing of changes to processes, tools, and systems
Participate in multi-functional workgroups
Respond to routine inquiries from internal constituents in a clear and professional manner
Create and maintain accurate documentation of tools and processes
Qualification
Required
Bachelor's degree (or foreign equivalent) in Actuarial Science, Mathematics, Finance, Statistics, Economics or related field
six (6) months of experience in Excel
six (6) months of experience in SAS or SQL programming
completion of three (3) Actuarial Exams recognized by the Society of Actuaries (SOA)
Preferred
Benefits
This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.
This position also includes an award target in the company’s equity award program.
The Company offers a full range of medical, dental, and vision benefits.
Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees.
The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits.
CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners.
Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year.
Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.
This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families.
The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.
CVS Health is a health solutions company that provides an integrated healthcare services to its members.
