Manager, Actuarial

CVS Health

1d

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Position Summary We are seeking an Assumptions Development Specialist with a strong analytical mindset. This role requires a willingness to engage deeply with mathematical models and collaborate across various departments to develop model assumptions and ensure alignment with our strategic goals. Additionally, this role will provide strategic direction to the organization to achieve its business goals and ensure financial integrity. This role requires heavy collaboration with business partners to understand the assumption requirements and provide sound risk management advice.

Requirements

• 3+ years of analytical experience and designing data-driven analyses.

Nice To Haves

• Associate or Fellow of the Society of Actuaries (ASA or FSA).
• 2+ years of experience working for a pharmacy benefits manager (PBM) or in Rx consulting.
• PBM and/or Healthcare experience
• Financial modeling experience
• Coding experience with either SQL or SAS
• Strong collaboration skills and willingness to work across business units within a complex organization
• Excellent oral and written communications skills; Ability to convey complex topics in clear and concise terms.
• Innovative mindset and ability to work outside of established boundaries
• Results oriented with ability to keep others on task to meet defined goals
• Degree related to finance, mathematics, statistics, actuarial science, economics, or other data related fields
• Experience working in a dynamic environment with continually evolving priorities

Responsibilities

• Assumption Development (60%): Design and conduct analyses to validate, refine, and develop key business assumptions. This involves rigorous analysis and collaboration with various stakeholders.
• Methodology Governance (20%): Define and standardize methodologies, while establishing process for ongoing review and refresh cycles.
• Process and Capability Design (20%): Gain a comprehensive understanding of business processes and systems. Work with business teams on appropriate execution strategies for implementing assumptions.
• Communicate analysis findings and recommendations to managers, supervisors, and individual contributors, ensuring methods align with organizational goals and objectives.
• Review and interpret data models, making recommendations for planning, forecasting, and reporting.
• Anticipate and recognize issues that materially affect financial results, making recommendations on these matters.
• Provide support for broader actuarial priorities, such as ad-hoc analyses and strategic projects.

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager