Actuarial Analyst

CVS Health

  • Rhode Island
  • $104,291-105,100 per year
  • Training
  • Full-time
  • 13 hours ago
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: Aetna Resources LLC, a CVS Health company, is hiring for the following role in Woonsocket, RI: Actuarial Analyst to prepare and analyze data for use in actuarial experience studies, valuation, or pricing projects. Duties include: provide technical support and maintenance of pricing and underwriting tools to assist others understand underwriting case specific issues by answering technical questions; analyze and research actuarial projects partnering with project and management teams; assist with maintaining valuation system; evaluate, review, and estimate unpaid claims; develop statistical models for risk management, asset optimization, and pricing; research and develop reporting tools to track and monitor product performance against financial targets and objectives; work on special projects that require actuarial research and analysis which may involve partnering with other business areas both in and out of finance; develop reserve factors (to assist in evaluating, reviewing, and estimating unpaid claims); develop experience analysis reviews; contribute to product development and re-pricing initiatives; prepare routine reports and communicate research results to manager both in written format and orally; continually assess established training and work processes to identify areas for effectiveness and efficiency improvements, and contribute to operating effectiveness through information sharing, suggested process improvements and effective implementation of change; communicate trends and issues identified and proactively recommend resolutions to management; and develop reserve factors and analysis reviews; and prepare financial reports, tax returns, and state filings. Telecommuting available. -Requirements: Master’s degree (or foreign equivalent) in Actuarial Science, Mathematics Data Science, Statistics, or a related field. Require the completion of a university-level course, research project, internship, thesis, or six (6) months of experience in each of the following:
  • Actuarial models;
  • Java, Python, JavaScript or Bootstrap;
  • SQL, SAS, or R;
  • Machine learning, statistical analysis, and predictive modeling;
  • Software testing, quality assurance, and troubleshooting;
  • Data analytics on large data sets in healthcare, business, or retail sector;
  • Cloud components including cluster management;
  • Quantitative analysis techniques, including clustering, regression, and pattern recognition.
  • Healthcare data management processes and techniques, including data standards, interoperability, and proper data privacy; and
  • Supporting large data, analytics, and technology modernization initiatives.
Pay Range: $104291.00/year to $105100.00/year."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 This job does not have an application deadline, 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.

CVS Health