Senior Actuary - PEO Segment

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

• This position is responsible for pricing and risk management for the Professional Employer Organization (PEO) segment. Collaborate with internal Finance, Sales, and Underwriting business partners as well as external PEOs, consultants, and brokers to provide sound risk management advice. Anticipate and recognize matters that materially affect financial results and make sound, unbiased recommendations on these matters.
• In addition to your own case load, manage 2-4 staff of actuaries and underwriters to support smaller customers
• Responsible for creating efficiency improvements to underwriting team and standardizing best practices
• Influence PEOs, consultants, and brokers to utilize best practice models, underwriting, and risk management to protect Aetna's financial integrity
• Calculate and analyze annual renewal rate increases for each PEO and optimize the recommended strategy to allocate the large group rate increase to the individual client level
• Conduct ad-hoc analysis of performance drivers and recommend corrective actions

Required Qualifications

• Bachelor's degree along with 5+ years relevant work experience in actuarial or related fields
• ASA (Associate of the Society of Actuaries) or FSA (Fellow of the Society of Actuaries)
• Experience in creating and delivering claim and/or performance reporting
• Strong understanding of employer-sponsored medical insurance
• Understanding of SQL or similar languages to query and manipulate data
• Strong Communication skills for internal collaboration and external customer interactions

Preferred Qualifications

• Knowledge of PEO industry and dynamics
• Knowledge of Small Group and Large Group distinctions and nuances
• Knowledge of medical underwriting

Pay Range

The typical pay range for this role is:$75,400.00 - $182,549.40

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.

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 Benefits | CVS HealthWe anticipate the application window for this opening will close on: 02/07/2025Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.