Senior Analyst, Actuarial (ADP)

CVS Health

5d

About The Position

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day. Position Summary This position is responsible for helping to develop our commercial large group rating system. Primary responsibilities will entail understanding commercial rating methodologies and helping to develop and implement them into our rating applications. Collaboration with key business partners in actuarial, underwriting and finance to understand the needs for applications that underwriters will use to rate new and renewing business. Work with actuarial departments to implement new or updated rating strategies to help estimate future incurred costs and expenses. Conduct ad-hoc analysis using rating system data for our business partners to understand the impacts to rate development. The ideal candidate will be able to analyze complex problems, have strong communication skills, can help explain actuarial concepts, at a high level, to non-actuaries, such as underwriters and other programmers and the ability to analyze and solve complex problems.

Requirements

• Bachelor's degree with 2+ years relevant work experience in actuarial or related fields
• 1+ years of experience in application program development, or an equivalent combination of education and experience
• 2 actuarial exams passed
• Knowledge of SQL is a plus
• Strong technical, analytical and communication skills
• Works well with a team

Nice To Haves

• Knowledge of health insurance rating methodologies
• Experience with computer programming or advanced VBA knowledge

Responsibilities

• Understanding commercial rating methodologies and helping to develop and implement them into our rating applications.
• Collaboration with key business partners in actuarial, underwriting and finance to understand the needs for applications that underwriters will use to rate new and renewing business.
• Work with actuarial departments to implement new or updated rating strategies to help estimate future incurred costs and expenses.
• Conduct ad-hoc analysis using rating system data for our business partners to understand the impacts to rate development.

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: Mid Level
• Number of Employees: 5,001-10,000 employees