Executive Director, Reserve Actuary, CVS Health

CVS Health

Location:
United States, Hartford

Category:
Finance

Contract Type:
Employment contract

Salary:

175100.00 - 334750.00 USD / Year

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Job Description:

Support CVS Health's financial integrity with sound reserving and risk management practices as well as product designs that meet customer needs and pricing that produces returns to shareholders commensurate with the risks undertaken. Actuarial is responsible for anticipating and recognizing matters that materially affect financial integrity and making sound, unbiased reports on these issues.

Job Responsibility:

Support CVS Health's financial integrity with sound reserving and risk management practices
Product designs that meet customer needs and pricing that produces returns to shareholders commensurate with the risks undertaken
Anticipating and recognizing matters that materially affect financial integrity and making sound, unbiased reports on these issues

Requirements:

Monthly, determine required actuarial liabilities for the DCS / Med Supp businesses
Serve as the appointed actuary for various legal entities, including providing annual actuarial opinions and memorandums
Serves as a business partner to the DCS / Med Supp business actuarial and finance teams
Oversee the statutory PDR process for all lines of business
Complete annual gross premium valuations for Medicare Supplement business
Manage the relationship with the external vendor for cash flow testing work
Lead vendor payment workstream in support of statutory medical loss ratio reporting
Provides required materials and responds to internal and external auditor questions
Builds tools and models that help to understand and address variances to expected performance
Bachelor's degree
FSA or ASA of the Society of Actuaries
Member of the American Academy of Actuaries
Meets the Specific Qualification Standard of the American Academy of Actuaries, for providing a Statement of Actuarial Opinion, NAIC Health Annual Statement

Nice to have:

7-15 years work experience
Clearly communicates technical concepts
Adept at execution and delivery skills
Adept at business intelligence
Collaborative
Mastery of problem solving and decision making skills
Mastery of growth mindset (agility and developing yourself and others) skills

What we offer:

Affordable medical plan options
401(k) plan with matching company contributions
Employee stock purchase plan
No-cost wellness screenings
Tobacco cessation and weight management programs
Confidential counseling and financial coaching
Paid time off
Flexible work schedules
Family leave
Dependent care resources
Colleague assistance programs
Tuition assistance
Retiree medical access

Additional Information:

Job Posted:
September 13, 2025

Expiration:
October 07, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Executive Director, Reserve Actuary