Senior Actuary IFP Product Performance

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 (IFP) Product Performance team is looking for driven, high-performance colleagues to join their team. Our team is responsible for monitoring and evaluating the financial performance of our Individual Exchange business, which launched January 1, 2022, and experienced significant growth for plan years 2023 and 2024. This position is an analytical role that will be involved in a number of IFP product performance workstreams, but in particular will be key in providing deeper perspective on IFP membership to both technical and non-technical audiences. The individual in this role will need to serve as a subject matter expert for all things pertaining to IFP membership, e.g., detailed tracking of existing membership, including monthly and yearly retention and lapse rates, and forecasting of membership (on both a financial statement and date of service basis) based on detail cohort-based analysis. They will need to gather and review data and/or reporting from a number of other business areas (e.g., sales, enrollment, finance, growth analytics) in order to identify any areas of interest (favorable or unfavorable), to determine the drivers of those results, and to make recommendations to IFP leadership on any actions needed based on findings. This individual will serve as a liaison for the IFP business unit with these areas, and will need to establish close partnerships.

The ideal candidate is adaptable, organized, and collaborative. They have strong project management skills and experience with 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
- 5+ years related experience
- Bachelor's degree or equivalent
- Experience with Microsoft Office suite, especially Excel
- Ability to work with large and detailed data sets; SAS, SQL, etc. a plus
- Strong communication skills with both technical and non-technical audiences
- Solid technical/analytical skills and attention to detail
- Experience with creating and maintaining actuarial models

Preferred Qualifications
- Associate of the Society of Actuaries
- Prior experience or familiarity with Public Exchanges
- Existing experience with Aetna financial data sources (ODF, EDW, ADAM, etc.)
- Experience with analyzing data sets in R
Education
Bachelor’s degree or equivalent experience
Pay Range
The typical pay range for this role is:
$79,200.00 - $174,200.00
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. 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

jobs.CVSHealth.com/benefits
We anticipate the application window for this opening will close on:

05/20/2024 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

[email protected]

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.

#J-18808-Ljbffr