Senior Actuary - Middle Market at CVS Health

Atlanta, Georgia, United States

CVS Health Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, InsuranceIndustries

Requirements

  • Bachelor's degree
  • 5+ years of actuarial experience
  • ASA or FSA required
  • Strong communication skills
  • Strong technical background; Excel & SQL
  • Project management experience

Responsibilities

  • Oversee reporting for large group Middle Market segment performance monitoring, including recommending and facilitating process updates and presenting findings/results to stakeholders
  • Develop strong relationships with actuarial leadership by providing ad hoc analyses, tracking financial performance of sales initiatives, and monitoring rating methodologies across new business and renewal blocks of business
  • Supervise an actuarial student, including setting performance goals, project management, and providing coaching/mentorship
  • Effectively balance and manage competing priorities/reporting deadlines
  • Work collaboratively across the large group actuarial team to maintain and build new reports to help answer challenging business problems
  • Take ownership of commercial large group Middle Market segment performance reporting, provide support to actuarial leadership via ad hoc analyses, and maintain/build tracking reports of various sales initiatives and rating methodologies

Skills

Key technologies and capabilities for this role

Actuarial ReportingPerformance MonitoringAd Hoc AnalysisFinancial TrackingRating MethodologiesProject ManagementStakeholder PresentationProcess ImprovementMentorshipTechnical Analysis

Questions & Answers

Common questions about this position

What is the pay range for the Senior Actuary - Middle Market role?

The typical pay range is $118,450.00 - $260,590.00, and the actual base salary will depend on factors like experience, education, geography, and other relevant factors. This position is eligible for a CVS Health bonus, commission, or short-term incentive program.

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 for this role?

Candidates need a Bachelor's degree with 5+ years of actuarial experience, ASA or FSA credential, strong communication skills, strong technical background in Excel & SQL, and project management experience.

What does the team structure look like for this position?

This role will have one direct report, specifically supervising an actuarial student, including setting performance goals, project management, and providing coaching/mentorship.

What makes a strong candidate for this Senior Actuary position?

A strong candidate will oversee reporting for the large group Middle Market segment, develop relationships with actuarial leadership through ad hoc analyses, supervise an actuarial student, balance competing priorities, collaborate across teams, and have strong communication and technical skills.

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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