Actuary - Dental & Vision at CVS Health

Hartford, Connecticut, United States

CVS Health Logo
$92,700 – $203,940Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Health Insurance, Dental Insurance, Vision InsuranceIndustries

Requirements

  • Bachelor's degree or equivalent experience
  • Minimum of 3+ years of prior Commercial pricing/rating system/forecasting experience
  • ASA required
  • Strong technical, analytical, and financial skills
  • Strong communication skills and ability to work cross-functionally

Responsibilities

  • Leads Dental and Vision pricing and valuation decisions that cover Individual and Small Group segments and all local markets across the nation
  • Works cross-functionally across the Dental and Vision organization, with responsibilities including pricing, experience studies, rate filings, rating tools, product development analysis, network support, underwriting support, planning, forecasting, and reporting
  • Influences business partners including Underwriting, Sales, Network, Finance, Operation and Product to focus efforts and achieve hard-to-achieve goals

Skills

Key technologies and capabilities for this role

Actuarial PricingValuationExperience StudiesRate FilingsForecastingUnderwritingFinancial ModelingCross-Functional CollaborationASACommercial Pricing

Questions & Answers

Common questions about this position

What is the pay range for the Actuarial Manager position?

The typical pay range is $92,700.00 - $203,940.00, depending on factors like experience, education, and geography. This position is also eligible for a CVS Health bonus, commission, or short-term incentive program.

What benefits are offered for this role?

Benefits include affordable medical plan options and a 401(k) plan with matching.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What are the required qualifications and skills for this actuarial role?

Candidates need a Bachelor's degree with 3+ years of Commercial pricing/rating system/forecasting experience, ASA certification, strong technical/analytical/financial skills, and strong communication skills for cross-functional work.

What is the company culture like at CVS Health?

CVS Health fosters a workplace where every colleague feels valued and belongs, with teams reflecting the customers, patients, and communities served, and emphasizes passion for transforming health care.

CVS Health

Comprehensive pharmacy and healthcare services

About CVS Health

CVS Health operates a large network of retail pharmacies and walk-in medical clinics across the United States, providing a variety of health-related products and services. Their offerings include prescription medications, over-the-counter health products, and beauty items, as well as pharmacy benefits management and specialty pharmacy services. CVS Health's integrated business model allows them to serve individual consumers, businesses, and communities effectively, with a focus on improving health outcomes and reducing healthcare costs. Unlike many competitors, CVS Health combines pharmacy services with medical care, making it easier for patients to access quality healthcare. The company's goal is to enhance access to healthcare and support individuals in achieving better health.

Woonsocket, Rhode IslandHeadquarters
1963Year Founded
DEBTCompany Stage
Healthcare, Consumer GoodsIndustries
10,001+Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
Company Equity
Wellness Program
Professional Development Budget
Paid Vacation
Paid Holidays

Risks

Legal challenges related to opioid prescriptions could harm CVS's reputation and finances.
The DOJ's intervention in a whistleblower lawsuit may increase legal costs for CVS.
The Horizon Organic Milk recall exposes potential vulnerabilities in CVS's supply chain.

Differentiation

CVS Health operates over 9,600 retail pharmacies and 1,100 walk-in clinics nationwide.
The company integrates pharmacy benefits management with specialty pharmacy services for comprehensive care.
CVS Health offers tailored medication plans through personalized medicine and pharmacogenomics.

Upsides

Expansion of telehealth services allows CVS to reach more patients remotely.
Increased consumer interest in wellness boosts demand for CVS's health-related products.
The trend towards value-based care aligns with CVS's integrated healthcare approach.

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