Job Description

The VP of Actuarial Science and Analytics will play a key strategic role in building our business. This executive leads a multi-disciplined team that is the backbone of the Risk and Value Care business. This role includes navigating the complex healthcare ecosystem to design deal structures that appeal to all parties, bulding rigorous analytical models to identify key risks and making sure the enterprise is compensated appropriately for the risks it assumes. Aside from being instrumental in establishing deals with partners, this leader will provide oversight and development of standard tools, analytics, and processes to monitor performance and initiate corrective actions in as real time as possible. This role has significant strategic and operational impact and is a critical component to creating high growth risk-based products out of transformative initiatives in the coming years.

Required Qualifications

- 10+ years of proven strategy actuarial or analytic leadership in healthcare industry. Experience with value based provider arrangements is highly desired.

- The ideal candidate is a collaborative thought partner and possesses a high emotional intelligence and an exceptional ability to collaborate and partner with other business teams and executives. Effective at managing both up and down and translating complex direction across staff and team members.

- Proven track record working in matrix organizations to deliver innovative, and advanced analytic solutions in fast-paced, ever changing environment

- Experience identifying and connecting the dots to leverage data analytics resources in new and value driving ways. This executive will be a vocal advocate for and lead change, in both analytics and in the larger business. The ability to manage through ambiguity and complexity to take calculated risks to solve problems, forge new paths for growth, and achieve challenging goals will be critical. He or she will demonstrate resilience and resourcefulness when faced with challenges and obstacles.

- Strong executive presence and communication skills: Proven ability to influence key stakeholders. Proven ability to drive meaningful change and innovation. This individual must be able to communicate confidently and effectively with business partners, project team members, senior management, executive management and clients.

Preferred Qualifications

10-15 years required

15 years or more preferred

Education

Bachelor Degree required

Masters preferred

Fellow of the Society of Actuaries preferred

Valid through: 3/27/2021

About CVS Health

CVS Caremark is the prescription benefit management subsidiary of CVS Health, headquartered in Woonsocket, Rhode Island. Caremark was founded in 1993 in Birmingham, Alabama as MedPartners, Inc. by HealthSouth Corporation and several members of the HealthSouth executive team as a physician practice management company. New Enterprise Associates was also an early investor. After going public in February 21 of 1995, MedPartners quickly became the largest PPM company through many acquisitions. By 1998 MedPartner's had revenues of $7 billion. Caremark International was founded as a unit of Baxter International and was spun off from Baxter in 1992 as a publicly traded company. On May 15, 1996, Caremark International announced it would be acquired by MedPartners with MedPartners ending up with Caremark's pharmaceutical products manufacturing division and prescription benefit management division. In October 1997, PhyCor, announced they would be acquiring MedPartners for $8 billion in stock and assumed debt. However, the merger agreement was terminated in January 1998. The companies cited significant operational and strategic differences as the reason for the termination of the merger. MedPartners then announced that they would suffer a net loss of $841 million for the 4th quarter of 1997. In January 1998, Chairman, President and CEO Larry House left the company and Richard Scrushy took over as chairman and acting CEO of the company. On March 18, 1998, Edwin "Mac" Crawford became the new president and CEO of MedPartners. After taking over, Crawford announced that MedPartners was exiting its PPM business and refocusing on its PBM business. In 2000, MedPartners changed its name to Caremark Rx.

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