Senior Manager, Actuarial
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. Lead Actuary – Commercial Pharmacy Strategy Play a key role in shaping the future of CVS Health’s Commercial pharmacy business while driving meaningful impact on financial performance and member outcomes. As a Lead Actuary, you will guide a high-performing team in developing innovative formulary strategies and delivering critical insights that inform pricing, product design, and policy decisions. This is a highly visible role with opportunities to influence senior leadership and collaborate across the enterprise.
Requirements
- Bachelor's degree and 5+ years of actuarial experience
- Strong communication skills & problem-solving skills
- Experience w/Microsoft Office suite, especially Excel
- Demonstrated technical/analytical skills and attention to detail
- Ability to work east coast times
Nice To Haves
- ASA or FSA desired
- SQL experience
- Prior pharmacy knowledge or experience
Responsibilities
- Manage and mentor a team of actuarial analysts, fostering growth, prioritizing work, and driving high-quality deliverables.
- Evaluate and optimize Commercial formulary strategies, including drug tiering and utilization management, balancing cost, access, and rebate optimization.
- Perform complex actuarial and financial analyses to support pharmacy rating, product development, and strategic decision-making.
- Analyze the financial implications of product innovations, legislative changes, and evolving formulary coverage policies.
- Design and execute data-driven studies that translate into actionable recommendations for business stakeholders.
- Present clear, compelling insights to senior leadership and cross-functional partners, helping guide strategic direction.
- Set priorities, lead projects from concept through execution, and ensure timely, high-impact results.
Benefits
- medical
- dental
- vision coverage
- paid time off
- retirement savings options
- wellness programs
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What This Job Offers
Job Type
Full-time
Career Level
Senior
