Senior Actuarial Analyst

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient, and affordable.

Position Summary

The Individual & Family Plans (IFP) Product Performance team is looking for driven, high-performance colleagues to join their team. Our team is responsible for monitoring and evaluating the financial performance of our Individual Exchange business, which launched January 1, 2022, and experienced significant growth for plan years 2023 and 2024.

This position is an analytical role that will be key in providing deeper perspective on the current and anticipated performance of the IFP line of business to both technical and non-technical audiences. In addition to providing analytical support for the IFP Product Performance team on risk adjustment, individuals in this role will need to gather and review data and/or reporting from other business areas to identify any areas of interest (favorable or unfavorable) and then to determine the drivers of those results.

The ideal candidate is adaptable, organized, collaborative, has experience building models, analyzing detailed datasets, and clearly communicating the results of their analysis to a variety of audiences. As a new line of business, our team's responsibilities will continue to evolve over time. This presents the opportunity for continued new and varied challenges in this role going forward. If you are looking for a visible opportunity to work with many stakeholders and help to drive growth, we encourage you to apply.

Required Qualifications

• 1+ years experience in an actuarial and/or analytical role
• Experience working with data sets in SQL.
• Experience working with Microsoft Office, specifically working in Excel.
• Analytical and model-building skills.
• Attention to detail, problem-solving capabilities, and solid communication skills with both technical and non-technical audiences.

Preferred Qualifications

• 2+ years experience in an actuarial and/or analytical role
• 2 or more Actuarial exams completed
• Prior experience or familiarity with Public Exchanges and/or with CMS risk adjustment models.
• Experience with analyzing data sets in R

Education

• Bachelor's degree or equivalent experience

Pay Range

The typical pay range for this role is: $46,988.00 - $112,200.00. This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography, and other relevant factors.

This position is eligible for a CVS Health bonus, commission, or short-term incentive program in addition to the base pay range listed above. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees.

The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long-term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off ("PTO") or vacation pay, as well as paid holidays throughout the calendar year.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws.