Actuary – IFP Product Performance

Job Description

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. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.
 
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 segment is looking for driven, high-performance colleagues to join their team. This role is within the Product Performance team and focuses primarily on monitoring and evaluating the financial performance of our Individual Exchange business which launched January 1, 2022 and experienced significant growth for plan year 2023. This position is an analytical support 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, individuals in this role may need to gather and review reporting from a number of other business areas (e.g., risk adjustment/revenue integrity, MEU, finance) in order to identify any areas of interest (favorable or unfavorable) and then to determine the drivers of those results.

The ideal candidate is adaptable, organized, 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

• Bachelor’s degree along with a minimum of 3 years of related job experience.
• Analytical and model-building skills required.  
• Candidate should have attention to detail, problem-solving capabilities, and solid communication skills with both technical and non-technical audiences.
• Candidate should have multiple actuarial exams passed.

Preferred Qualifications

• Prior experience or familiarity with Public Exchanges and/or with CMS risk adjustment models preferred.
• Experience with analyzing data sets in R is preferred

Education
Bachelor’s degree or equivalent experience.

Pay Range

• Typical pay range for this role is $63,300.00 – $139,200.00.

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.

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

For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated. 

You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.

CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through ColleagueRelations@CVSHealth.com If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.