Senior Actuarial Analyst; Assumptions Specialist

Position Summary

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 support the strategic direction of the organization to achieve its business goals and ensure financial integrity. The role requires collaboration with business partners to understand the assumption requirements and provide sound risk‑management advice.

• Data Gathering and Analysis (75%):
  Develop a working understanding of available data sources, field definitions, and data collection methods. Gather, analyze, and interpret this data to identify trends and actionable insights for development of assumptions.
• Process Control & Support (15%):
  Establish repeatable processes and maintain ownership of regularly reviewing and refreshing assumptions.
• Process and Capability Design (10%):
  Gain a comprehensive understanding of business processes and systems. Work with business teams on appropriate execution strategies for implementing assumptions.
• Management Responsibilities:
  None, individual contributor.

• 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.

• 2+ years of analytical experience and designing data‑driven analyses.
• Strong collaboration skills and willingness to work across business units within a complex organization.
• Excellent oral and written communication skills; ability to convey complex topics in clear and concise terms.

• Associate of the Society of Actuaries (ASA) or progress being made toward achieving an actuarial credential.
• 1+ years of experience working for a pharmacy benefits manager (PBM) or in Rx consulting.
• Coding experience with either SQL or SAS.
• 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.

40

Full time

The typical pay range for this role is: $79,310.00 - $. 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.

• 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.

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