Senior Actuary - Medicare Advantage

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.

Position Summary

We are seeking a Senior Actuary to join the Group Medicare Advantage Actuarial team to assist with Part C pricing.

More specifically, this role will be responsible for the following:

• Developing the underlying pricing factors and assumptions used in pricing Part C
• Maintaining existing and developing new pricing tools
• Conducting ad hoc pricing studies and brainstorming ideas for pricing enhancements
• Monitoring of emerging results
• Collaborating with Underwriting on plan sponsor pricing opportunities for both new business and renewal business. 
• Collaborating with other departments to assist with pricing assumptions

Required Qualifications

• Bachelor’s degree along with 5+ years related experience
• ASA (Associates of the Society of Actuaries) or FSA
• Prior healthcare experience
• Experience working with large and detailed data sets

Preferred Qualifications

• Strong communication and collaboration skills
• Solid technical, analytical, and creative problem-solving skills
• Be organized, data driven, statistically minded and demonstrate an attention to detail
• Be self-motivated, intellectually curious with a desire to continuously improve processes
• Be adaptable as business needs and priorities evolve
• Be open to managing a summer intern and/or other entry-level actuarial students
• Familiarity with Medicare Part C and/or Group pricing

Education

• Bachelor’s degree or higher in actuarial science or related field

Pay Range

The typical pay range for this role is:

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.  This position also includes an award target in the company’s equity award program. 
 

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

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