CVS Health

Actuarial Analyst

CVS Health$77K — $96K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Finance, Statistics, Economics or related field.
  • Minimum of six months experience with Excel and SAS or SQL programming.
  • Completion of three Actuarial Exams recognized by the Society of Actuaries (SOA).
  • Demonstrated proficiency in spreadsheeting and familiarity with database and web-based applications.
  • Ability to provide proactive recommendations based on data analysis.

Responsibilities

  • Support actuarial functions with quantitative skills on defined projects.
  • Develop techniques for pricing and valuation in support of financial portfolios.
  • Collaborate with cross-functional teams on large new business and renewal cases.
  • Analyze data using mathematical and statistical methods for various projects.
  • Maintain and enhance financial analytic models and pricing assumptions.
  • Communicate results and trends to management with actionable insights.
  • Participate in special projects requiring actuarial research and analysis.

Benefits

  • Comprehensive medical, dental, and vision coverage.
  • Eligible for 401(k) retirement savings plan and Employee Stock Purchase Plan.
  • Fully-paid term life insurance and short-term/long-term disability benefits.
  • Access to wellness programs and education assistance.
  • Paid Time Off (PTO) and paid holidays throughout the year.
Full Job Description
Position Summary: Aetna Resources, LLC., a CVS Health company, is hiring for the following role in Woonsocket, RI: Actuarial Analyst to 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. Telecommuting available. Multiple positions. Requirements: Bachelor's degree (or foreign equivalent) in Actuarial Science, Mathematics, Finance, Statistics, Economics or related field and six (6) months of experience in each of the following: • Excel; and • SAS or SQL programming. Position also requires completion of three (3) Actuarial Exams recognized by the Society of Actuaries (SOA). Pay Range: $77646.00/year to $96575.00/year. This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. 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. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. 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. As for time off, 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. Great benefits for great people We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families. 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. Additional details about available benefits are provided during the application process and on Benefits Moments. This job does not have an application deadline, as CVS Health accepts applications on an ongoing basis.

About CVS Health

Omnicare provides comprehensive pharmaceutical services to patients and providers across the United States. As the market-leader in professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other chronic care settings, Omnicare leverages its unparalleled clinical insight into the geriatric market along with some of the industry's most innovative technological capabilities to the benefit of its long-term care customers. Omnicare also provides key commercialization services for the bio-pharmaceutical industry through its Specialty Care Group.

CVS Health Careers

Joining CVS Health presents a unique opportunity to advance your career in a company where innovation, leadership, and growth go hand in hand. As a leader in the healthcare industry, CVS Health is more than just a pharmacy. We are a team of professionals dedicated to improving lives and optimizing health outcomes.

Work You’ll Do

At CVS Health, you will be part of a culture that values diversity and inclusivity, fostering an environment where every team member’s contribution is valued. Engage in meaningful work that directly impacts lives, driving innovation in healthcare services and solutions.

Explore Job Opportunities

Whether you’re looking for a position in pharmacy services, corporate leadership, or in-store management, CVS Health offers a variety of employment opportunities that will help you harness your skills and thrive professionally. Our job opportunities span across a wide range of professional fields and geographic locations, ensuring that your career at CVS Health aligns with your professional goals and lifestyle.

Internship Programs

Kickstart your career with CVS Health through our internship programs. These opportunities are designed for ambitious students eager to develop their skills in a real-world setting. Internships at CVS Health are not only about gaining work experience but also about making meaningful contributions to our ongoing projects.

Professional Growth and Development

CVS Health is committed to the professional growth of our employees. With access to cutting-edge technology, industry-leading experts, and comprehensive diversity training, our team members are equipped to lead and innovate. We support career advancement through professional development programs, leadership training, and opportunities for networking and internal mobility.

Benefits and Culture

Our employees enjoy a range of benefits that reflect our commitment to their well-being and success. From health and wellness benefits to professional development programs, CVS Health is dedicated to ensuring our team members have the resources they need. Our inclusive culture encourages collaboration and continuous learning, making CVS Health a place where you can grow and succeed.

Join Our Team

Ready to take the next step in your career? Explore the open positions at CVS Health that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Stay Connected

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Search CVS Health Jobs

Don’t just look for a job. Look for a place where you can be a part of something bigger. Visit our careers page to find the position that’s right for you and join a team that values innovation and leadership in healthcare.

READ CAREERS BLOG

Stay ahead in your career with insights from those who know CVS Health best – our team. Learn from their experiences and get insider tips that can help you succeed in your next interview, craft a standout resume, and build a career you’re proud of at CVS Health.
Learn more about CVS Health
Size
300,000 employees
Market Cap
$122 billion
Industry
Net Income
$7.1 billion
Founded
1963
5 Year Trend
+10.5%
Revenue
$268.7 billion
NASDAQ

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