Actuarial Analyst

We're building a world of health around every individual - shaping a more connected, convenient and compassionate health experience. At CVS Health®, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger - helping to simplify health care one person, one family and one community at a time.

Aetna Resources, LLC., a CVS Health company, is hiring for the following role in Woonsocket, RI:
Actuarial Analyst to support actuarial functions by applying quantitative skills and analytical methods to well defined projects. Develop quantitative techniques to inform pricing and valuation for assigned projects, large group customers, and overall financial portfolio. Apply mathematical and statistical methods to analyze data for use in studies, valuation, and pricing projects in support of the business. Work and collaborate with cross‑functional teams including Underwriting, Sales, and Accounts on large, complex new business and renewal cases.

Leverage Excel, SAS, and other technical options to efficiently complete projects. Demonstrate spread sheeting proficiency and familiarity with database and web‑based applications. Complete studies used for assumption setting in pricing model and maintain financial analytic models. Contribute to product development and re‑pricing initiatives and apply knowledge of current pricing models and risk management practices. Work on special projects that require actuarial research and analysis in partnership with business teams both in and out of finance and provide support for understanding case specific underwriting issues.

Develop experience analysis reviews, produce summary reports of financial results and communicate results, trends, and issues to management along with proactive recommendations. Continuously build specialized knowledge of company operations and systems, and the actuarial discipline. Continually assess established training and work processes to identify areas for improved effectiveness and efficiency. Take ownership of assigned projects and/or models/tools. Raise issues and propose suggestions as appropriate.

Provide input into decision making process. Demonstrate basic understanding and working knowledge of internal data sources. Develop creative technical solutions to a variety of problems. Support development and implementation of appropriate tools and models. Support maintenance and development of enhancements to processes, tools, and make suggestions to maximize efficiency. Participate in development and finalisation of business requirements and/or specifications for processes, tools, and systems.

Participate in testing of changes to processes, tools, and systems. Participate in multi‑functional work groups. Respond to routine inquiries from internal constituents in a clear and professional manner. Create and maintain accurate documentation of tools and processes. Telecommuting available. Multiple positions.

• Bachelor's degree (or foreign equivalent) in Actuarial Science, Mathematics, Finance, Statistics, Economics or related field.
• Six (6) months of experience in each of the following:
• Excel
• SAS or SQL programming
• Completion of three (3) Actuarial Exams recognized by the Society of Actuaries (SOA).

Base salary: $77,646.00 to $96,575.00 per year. Salary will depend on experience, education, geography and other relevant factors. Position is eligible for a CVS Health bonus, commission or short‑term incentive program in addition to the base pay range. Position also includes an award target in the company’s equity award program.

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. Fully‑paid term life insurance plan, short‑term and long‑term disability benefits. Well‑being programs, education assistance, free development courses, CVS store discount and discount programs with participating partners. Paid Time Off (PTO) or vacation pay, and paid holidays throughout the calendar year.

Number of paid holidays, sick time and other time off are provided consistent with relevant state law and company policies.

Great benefits for great people

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

This job does not have an Final date to receive applications, as CVS Health accepts applications on an ongoing basis.

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