Sr. Analyst, Actuarial at CVS Health

Atlanta, Georgia, United States -

Full Time

Start Date

Immediate

Expiry Date

19 Sep, 26

Salary

118000.0

Posted On

21 Jun, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Valuation, Pricing Strategies, Predictive Modeling, Machine Learning, Java, Python, R, VBA, Excel Power Query, Excel Power Pivot, Financial Reporting, Experience Analysis, Budgeting, Risk Management, Competitive Analysis, Reserve Factor Development

Industry

Hospitals and Health Care

Description

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: Aetna Resources, LLC., a CVS Health company, is hiring for the following role in Atlanta, GA: Sr. Analyst, Actuarial to serve as market-based actuary for commercial business areas on pricing, budgeting, and insure. Develop pricing strategies to drive profitable growth in conjunction with experience analysis reviews. Partner with several business functions (Sales, Underwriting, Product, Network and Finance) to develop strategic initiatives that drive profitable membership growth. Conduct competitive analysis to help market understand the competitive landscape. Prepare and analyze intermediate level data for use in actuarial experience studies, valuation or pricing projects. Drive the maintenance of pricing and underwriting tools and provide support for helping others understand underwriting case specific issues by answering technical questions. Work on special projects that require actuarial research and analysis which may involve partnering with other business areas both in and out of finance. Develop reserve factors (to assist in evaluating, reviewing, and estimating unpaid claims). Coordinate, scope and maintain a continuously optimized valuation system. Contribute to product development and re-pricing initiatives. Learn and apply knowledge regarding current pricing models and risk management practices. Prepare routine reports and communicate research results to manager both in written format and orally. Continually assess established training and work processes to identify areas for effectiveness and efficiency improvements, and contribute to operating effectiveness through information sharing, suggested process improvements and effective implementation of change. Communicate trends and issues identified and proactively recommend resolutions to upper management and key stakeholders. Drive the broad-scale preparation of financial reporting as needed. Hybrid position: remote work permitted but must live within commuting distance of designated office location and remain available to report to office as needed and required. Multiple positions. Requirements: Bachelor’s degree (or foreign equivalent) in Actuarial Science, Accounting, Finance, Economics, or a related field and two (2) years of experience in the job offered or related occupation. Requires two (2) years of experience in conducting actuarial valuations and 6 months of experience or completion of a university-level course, research project, internship, or thesis in each of the following: • Java, Python, or R; • Machine learning and predictive modeling; • VBA-based valuation models; and • Excel, including Power Query and Power Pivot. Pay Range: $79539.00/year to $118000.00/year. This 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. This position also includes an award target in the company’s equity award program. 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. Great benefits for great people We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families. This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility. Additional details about available benefits are provided during the application process and on Benefits Moments. This job does not have an application deadline, as CVS Health accepts applications on an ongoing basis. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws. Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.

Responsibilities

Serve as a market-based actuary focusing on pricing, budgeting, and insurance for commercial business areas. Collaborate with cross-functional teams to develop strategic initiatives and maintain pricing and underwriting tools to drive profitable growth.