Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver.
Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. A Brief Overview
We are looking for a Manager, Actuarial to support the Middle Market Fully Insured Actuarial team. This role will primarily support the pricing of 100-300 size segment. You will develop the pricing for this segment nationally and for each market on quarterly basis. You will collaborate with market actuaries and market underwriting partners in strategizing to optimize persistency and margin for this business. You will also be responsible for executing, managing and tracking strategic initiatives for this segment. In addition, this role will support the California market on all middle market business and will collaborate with California Finance, Product, and Underwriting partners. What you will do
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- Conducts risk assessments and analyzes data related to insurance policies, pension plans, or other financial products to evaluate potential risks and their financial implications.
- Leads the development of pricing models using customer demographics, claims experience, and regulatory data.
- Contributes to the design and development of new financial products or modifications to existing financial products.
- Estimates future financial obligations and ensures adequate reserves are in place to cover potential liabilities.
- Oversees the forecasting process and uses actuarial models to project future cash flows and assess the financial stability of the company.
- Stays up to date with applicable laws and regulations to ensure actuarial practices align with industry standards and regulatory expectations.
- Leads a team of actuaries and actuarial analysts by providing guidance, setting objectives, and overseeing the completion of work products.
- Oversees the development and maintenance of actuarial models and tools to ensure accuracy, efficiency, and adherence to industry best practices.
- Communicates complex concepts to senior management, clients, or regulatory bodies.
- Bachelor's degree along with 3+ years prior experience
- Prior actuarial exams passed (or ASA)
- Prior healthcare industry knowledge
- Strong consultative and analytical skills, as well as the ability to collaborate within/outside of the Actuarial Department
- Typically works independently and manages projects.
- Advanced skills in Excel. Familiar with SQL. Ability to learn new technologies.
- Demonstrates critical thinking and expresses ideas clearly, concisely, and logically from a cross functional perspective.
- Ability to manage conflicting priorities and multiple projects concurrently.
- Demonstrates initiative, innovation, and leadership in achieving results.
- Prior experience in pricing or finance related role
40Time Type
Full timePay Range
The typical pay range for this role is:$92,700.00 - $222,480.00This 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.
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.
For more detailed information on available benefits, please visit Benefits | CVS HealthWe anticipate the application window for this opening will close on: 03/21/2025Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.