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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. We are seeking an Assumptions Development Specialist with a strong analytical mindset. This role requires a willingness to engage deeply with mathematical models and collaborate across various departments to develop model assumptions and ensure alignment with our strategic goals. Additionally, this role will provide strategic direction to the organization to achieve its business goals and ensure financial integrity. This role requires heavy collaboration with business partners to understand the assumption requirements and provide sound risk management advice.
Job Responsibility:
Assumption Development (60%): Design and conduct analyses to validate, refine, and develop key business assumptions
Methodology Governance (20%): Define and standardize methodologies, while establishing process for ongoing review and refresh cycles
Process and Capability Design (20%): Gain a comprehensive understanding of business processes and systems
Work with business teams on appropriate execution strategies for implementing assumptions
Communicate analysis findings and recommendations to managers, supervisors, and individual contributors, ensuring methods align with organizational goals and objectives
Review and interpret data models, making recommendations for planning, forecasting, and reporting
Anticipate and recognize issues that materially affect financial results, making recommendations on these matters
Provide support for broader actuarial priorities, such as ad-hoc analyses and strategic projects
Requirements:
3+ years of analytical experience and designing data-driven analyses
Associate or Fellow of the Society of Actuaries (ASA or FSA)
2+ years of experience working for a pharmacy benefits manager (PBM) or in Rx consulting
PBM and/or Healthcare experience
Financial modeling experience
Coding experience with either SQL or SAS
Strong collaboration skills and willingness to work across business units within a complex organization
Excellent oral and written communications skills
Ability to convey complex topics in clear and concise terms
Innovative mindset and ability to work outside of established boundaries
Results oriented with ability to keep others on task to meet defined goals
Degree related to finance, mathematics, statistics, actuarial science, economics, or other data related fields
Experience working in a dynamic environment with continually evolving priorities
Bachelor's degree preferred, specialized training, or relevant professional qualification
Nice to have:
Associate or Fellow of the Society of Actuaries (ASA or FSA)
2+ years of experience working for a pharmacy benefits manager (PBM) or in Rx consulting
PBM and/or Healthcare experience
Financial modeling experience
Coding experience with either SQL or SAS
Strong collaboration skills and willingness to work across business units within a complex organization
Excellent oral and written communications skills
Ability to convey complex topics in clear and concise terms
Innovative mindset and ability to work outside of established boundaries
Results oriented with ability to keep others on task to meet defined goals
Degree related to finance, mathematics, statistics, actuarial science, economics, or other data related fields
Experience working in a dynamic environment with continually evolving priorities
What we offer:
Affordable medical plan options
401(k) plan (including matching company contributions)
Employee stock purchase plan
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching