Senior Analyst, Actuarial - Large Claim Accruals and Reserve Estimates - Remote Opportunity with Competitive Salary and Comprehensive Benefits

Join the CVS Health Team as a Senior Analyst, Actuarial

CVS Health is a leading healthcare company that is dedicated to delivering enhanced human-centric healthcare for a rapidly changing world. Our purpose is to bring our heart to every moment of your health, and we achieve this through our commitment to innovation, convenience, and affordability. We are seeking a highly skilled Senior Analyst, Actuarial to join our team, with the opportunity to work remotely and enjoy a competitive salary and comprehensive benefits.

About CVS Health

At CVS Health, we believe that healthcare should be personal, convenient, and affordable. Our company is built on a foundation of care, compassion, and innovation, and we are dedicated to making a positive impact on the lives of our customers and communities. Our Heart At Work Behaviors guide our actions and decisions, and we strive to create a culture that is inclusive, supportive, and empowering.

Our Culture and Values

We value diversity, equity, and inclusion, and we are committed to creating a workplace that is welcoming and inclusive for all employees. Our culture is built on a foundation of respect, empathy, and trust, and we strive to create an environment that is supportive of employee well-being and growth.

Job Summary

We are seeking a Senior Analyst, Actuarial to lead the process of setting large claim accruals and reserve estimates for our monthly financial close. The successful candidate will have a strong background in actuarial science, excellent analytical and communication skills, and the ability to work effectively in a remote environment. This is a key role that requires a high level of technical expertise, business acumen, and collaboration with cross-functional teams.

Key Responsibilities

• Lead the process of setting large claim accruals for each monthly financial close, establishing the monthly accrual schedule and deliverables
• Coordinate efforts of teammates and communicate with business partners in Claim Ops, Finance, and MEU to incorporate feedback into case reserves
• Leverage Excel VBA and SQL to summarize initial and final reserve estimates used to assess financial performance
• Analyze data to derive answers to questions about case reserve estimates and communicate results and proposed changes to actuarial leadership
• Design and execute periodic studies to improve default estimates for case reserves and provider discounts to apply to billed large claims

Requirements and Qualifications

Essential Qualifications

• Bachelor's degree or equivalent experience in Actuarial Science, Finance, Economics, Computer Science, or a related field
• Passed a minimum of two actuarial exams and currently progressing toward attaining the ASA designation
• 2+ years of experience in a professional environment, preferably in an actuarial or related field
• Strong technical, analytical, and communication skills, with the ability to work effectively in a remote environment

Preferred Qualifications

• Ability to meet tight deadlines for the monthly financial close
• Foundational technical, analytical, and communication skills
• Strong verbal and written communication skills
• SQL and VBA coding skills, along with model building experience
• Demonstrated ability to manage and improve processes

Career Growth Opportunities and Learning Benefits

At CVS Health, we are committed to the growth and development of our employees. We offer a range of learning and development programs, including:

• Education assistance and tuition reimbursement
• Free development courses and training programs
• Opportunities for career advancement and professional growth
• Mentorship and coaching programs

Work Environment and Company Culture

We offer a flexible and remote work environment, with opportunities to work from home or in one of our offices. Our company culture is built on a foundation of respect, empathy, and trust, and we strive to create an environment that is supportive of employee well-being and growth.

Benefits and Compensation

We offer a comprehensive benefits package, including:

• Competitive salary range: $46,988.00 - $112,200.00
• Medical, dental, and vision benefits
• 401(k) retirement savings plan and Employee Stock Purchase Plan
• Fully-paid term life insurance plan and short-term and long-term disability benefits
• Paid Time Off (PTO) and paid holidays
• CVS store discount and discount programs with participating partners

Why Join CVS Health?

At CVS Health, we are dedicated to making a positive impact on the lives of our customers and communities. We offer a unique opportunity to join a leading healthcare company that is shaping the future of healthcare. Our employees are our greatest asset, and we are committed to creating a workplace that is inclusive, supportive, and empowering.

How to Apply

If you are a motivated and talented Senior Analyst, Actuarial looking for a new challenge, we encourage you to apply for this exciting opportunity. Please submit your application today, and join our team of dedicated professionals who are passionate about delivering exceptional healthcare solutions.

Don't hesitate to apply! We value a great attitude and a willingness to learn above all.