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.
This position is a Commercial market role supporting the Capitol (DC, MD & VA) market. This role is a member of a team supporting the local market as a strategic partner and as an actuarial expert. Functions include:
- Working with several business functions (Sales, Medical Management, Network, Contracting, Product, Finance, Underwriting) to develop strategy and monitor performance
- Devising responsible pricing strategies to help grow membership
- Working collaboratively with regional functional team members to reflect market input for pricing and forecasting
- Becoming an expert in data resources, and completing experience studies; identifying opportunities for additional analysis
- Understanding the competitive landscape and how competitor prices and products compare to Aetna
- Communicating clearly to various audiences including non-technical individuals and senior management
- Working to streamline processes and to identify and implement best practices
Due to the annual rate review cycles, it is critical to the development of the student and the full functioning of our team for the student to fill a 24 month rotation.
This position also supports the functional work for Large Group Forecasting. This will include work that focuses on optimizing tools and processes for the rest of the team for the forecasting central function. (for example, working with the greater actuarial insured team on needs and developing central tools around how to streamline this function).
The person on this role will also be responsible for rate review support, implementation, rate filings, and forecasting support for their markets, enabling a true start to finish view of actuarial work.
#AetnaActuary
Required Qualifications
- 1-2 years of actuarial experience, preferably in a healthcare setting
- Successful completion of 1 or more Society of Actuaries Exams
- Experience with Microsoft Office suite; proficiency in Excel
- Strong communication and collaboration skills
- Solid technical/analytical skills and attention to detail
- Comfortable working in a fast-paced environment with constant change
Preferred Qualifications
- Successful completion of 2 or more Society of Actuaries Exams
- Experience with SQL, SAS, and/or VBA
Education
- Bachelor's degree
Pay Range
The typical pay range for this role is:
$46,988.00 - $112,200.00
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.
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 Health
We anticipate the application window for this opening will close on: 11/01/2024
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
Working at
CVS Health
CVS Health revolutionizes the healthcare industry by integrating services across its pharmacy-led health and wellness experiences. They focus on making healthcare more accessible and affordable, offering innovative solutions to improve patient care and community health.