Senior Actuary - Middle Market Central Region, CVS Health

CVS Health

Location:
United States, Hartford, Connecticut

Category:
Finance

Contract Type:
Not provided

Salary:

118450.00 - 260590.00 USD / Year

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Job Description:

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Job Responsibility:

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
Serve as a key member of the functional Actuarial team in charge of the Commercial Large Group Rate Review
Provide local market actuarial support to the Central Region
Build out processes, models, tools, documentation, and communication to support market actuaries in assumption setting during the large group rate review
Lead continuous improvement and education as it relates to large group rate review and pricing
Prepare regular communications to senior leaders on large group rate review related results including a defense of pricing recommendations
Take learnings from various internal discussions related to rate setting, assumptions, and factors and communicate those learnings to our broader large group pricing actuarial team
Lead and develop large group rate review processes, models and tools that will likely involve working and mentoring early in career analysts on the team
Participate as a critical team member to help coordinate the National Large Group Rate Review process
Provide valuable feedback on the Rate Review process to help develop and implement best practices for future cycles including but not limited to the trend setting process
Collaborate with the Plan President, Sales, Finance, Underwriting, Network, Contracting, and Product to develop market specific growth strategies while maintaining enterprise alignment
Proactively monitor financial performance and provide observations/insights into deep dives
Participate in the Implementation and Forecasting/Budget discussions
Oversee the Large Group Rate Filings/DOI objections when applicable
Takes accountability to ensure market specific requests and deliverables are met in a timely and responsive manner
Meet with the market to discuss technical results including but not limited to rate actions, trend and prior carrier relativity factors, and area factors

Requirements:

Bachelor's degree along with 5+ years of actuarial experience
ASA (Associate of the Society of Actuaries) designation preferred
Strong technical, analytical, and financial skills
Excellent verbal and written communication skills
Ability to think creatively and use multiple data sources to assess and develop business strategies
Ability to collaborate with experts from other teams to better understand issues/drivers and how/why the impact may differ by line of business

Nice to have:

FSA (Fellow of the Society of Actuaries) or actively working towards FSA designation
Ability to thrive in a constantly evolving environment with competing priorities and deadlines
Ability to collaborate with key stakeholders to formulate recommendations and course of actions

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
Paid time off
Flexible work schedules
Family leave
Dependent care resources
Colleague assistance programs
Tuition assistance
Retiree medical access

Additional Information:

Job Posted:
August 01, 2025

Expiration:
September 26, 2025

Employment Type:

Fulltime

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Senior Actuary - Middle Market Central Region