Join the CVS Health Family as an Actuarial Development Program Analyst
Are you a motivated and ambitious individual looking to launch a career in actuarial science and healthcare? Do you have a passion for data analysis, risk management, and business strategy? Look no further than the Actuarial Development Program at CVS Health. As a leading healthcare company, we offer a unique opportunity to join our dynamic team as an Actuarial Development Program Analyst and become a future leader in the industry.
About CVS Health and Our Actuarial Organization
CVS Health is a diversified healthcare company that operates at the intersection of health and technology. Our Actuarial organization plays a critical role in driving business decisions and managing risk across the company. As an Actuarial Development Program Analyst, you will be part of a team that uses data analysis, statistical modeling, and business acumen to inform strategic decisions and drive business results.
Job Summary
The Actuarial Development Program is a full-time, long-term program designed to develop future leaders in the actuarial field. As a program analyst, you will work on challenging projects, collaborate with experienced professionals, and gain exposure to various aspects of the business. The program is designed to accelerate your overall development, not just your actuarial skills. You will gain a broad understanding of the healthcare industry, develop your analytical and problem-solving skills, and learn to communicate complex ideas effectively.
Key Responsibilities
- Analyze and interpret complex data sets to inform business decisions and manage risk
- Develop and maintain actuarial models, tools, and processes to support business objectives
- Collaborate with cross-functional teams to design and implement solutions to business problems
- Communicate technical information to non-technical stakeholders, including senior leaders and external partners
- Participate in various rotations across the actuarial organization to gain exposure to different areas of the business
- Develop and maintain technical capabilities, including proficiency in programming languages, such as SAS, Python, and SQL
Rotations and Key Areas of Focus
As an Actuarial Development Program Analyst, you will participate in four rotations, each lasting several months. These rotations will immerse you in key business areas and provide exposure to various aspects of the actuarial organization. The rotations may include:
- Risk Evaluation: Understand the nature of specific risks and provide results of analysis to management
- Rate Filing: Collect and analyze filing data, prepare and submit required exhibits for regulatory filings
- Reserve Analysis: Analyze claim data and monitor reserve levels for suitability, demonstrating an understanding of actuarial reserving methods and issues
- Planning and Forecasting: Provide technical support and analysis for planning, pricing, and reporting processes
- Valuation, Trend, and Benefit Design: Develop and recommend pricing and trends for products or benefits
- Technical Capabilities: Develop innovative technical solutions to complex problems, demonstrating proficiency with calculation sheets and knowledge of database and online applications
Requirements and Qualifications
To be considered for the Actuarial Development Program Analyst role, you must:
- Have a bachelor's degree in a relevant field, such as actuarial science, mathematics, or statistics
- Be willing to relocate to a designated Actuarial center (relocation assistance provided for candidates who need to move more than 50 miles)
- Possess strong analytical and problem-solving skills, with the ability to communicate complex ideas effectively
- Be able to work in a fast-paced environment and meet tight deadlines
- Demonstrate a positive and supportive attitude, with a focus on teamwork and collaboration
Preferred Qualifications
While not required, the following qualifications are preferred:
- Internship or work experience supporting actuarial functions of an organization or business unit
- Demonstrated leadership experience, such as active roles in student or community organizations, or sports
- Strong written and verbal communication skills
- Experience with scientific or coding software, such as SAS, Python, Excel, VBA, SQL, or R
- Ability to work in a hybrid work environment, with flexibility to work from home or in the office
Career Growth Opportunities and Learning Benefits
As an Actuarial Development Program Analyst, you will have access to:
- A comprehensive training program, including actuarial coursework and professional development opportunities
- Mentorship and guidance from experienced professionals in the actuarial organization
- Opportunities for career advancement and growth within the company
- A competitive salary and benefits package, including relocation assistance and work-life balance
Work Environment and Company Culture
CVS Health is committed to creating a diverse and inclusive work environment that values collaboration, innovation, and employee engagement. As an Actuarial Development Program Analyst, you will be part of a dynamic team that is passionate about using data analysis and actuarial science to drive business decisions and improve healthcare outcomes.
Compensation, Perks, and Benefits
We offer a competitive salary of $27 per hour, as well as a range of benefits and perks, including:
- Relocation assistance for candidates who need to move more than 50 miles
- Work-life balance, with flexibility to work from home or in the office
- Opportunities for career advancement and growth within the company
- A comprehensive benefits package, including medical, dental, and vision coverage
- Paid time off and holidays
How to Apply
If you are a motivated and ambitious individual looking to launch a career in actuarial science and healthcare, we encourage you to apply for the Actuarial Development Program Analyst role. Please submit your application, including your resume and cover letter, to [insert contact information]. We look forward to hearing from you!
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