CVS Health is committed to shaping a more connected and compassionate health experience. The Actuarial Development Program is a full-time, dynamic program designed to develop individuals entering the Actuarial field into future leaders through challenging work environments and support for passing actuarial exams.
Responsibilities
- Understand the nature of specific risks and share results of analysis with management
- Analyze claim data and monitor reserve levels for appropriateness and demonstrate an understanding of actuarial reserving techniques and issues
- Provide technical support and analysis for planning, forecasting, and reporting process
- Develop and recommend pricing and trend for product and/or services
- Develop creative technical solutions to a variety of problems
- Demonstrate proficiency with spreadsheets and familiarity with database and web-based applications
- Develop and implement appropriate tools and models
- Develop and finalize business requirements and/or specifications for processes, tools, and systems
- Evaluating the potential risks associated with insurance policies and develop models to estimate the likelihood and severity of potential losses
- Analyzes Actuarial data to assess risks accurately, subsequently making recommendations to management for risk management improvements
- Assists in determining insurance premiums by analyzing data and estimating the expected costs of claims
- Conducting research on Actuarial market trends, competitor pricing, and underwriting guidelines to support pricing decisions
- Collecting, organizes, and analyzes large volumes of data related to insurance policies, claims, demographics, and other relevant factors
- Develops and maintains Actuarial models to project future financial outcomes, such as premium income, claim payments, and reserve requirements
- Preparing key reports and presentations summarizing findings, assumptions, and conclusions
- Providing actuarial expertise and insights to assist in product development, risk management, and strategic planning
- Collaborates with other departments, such as underwriting, claims, and finance, to support their decision-making processes
Skills
- Meet educational requirements (see education section)
- Have a willingness to relocate to an identified Actuarial hub (Hartford CT, Blue Bell PA, Atlanta, GA or Chicago IL)
- Have passed one actuarial exam by 3/31/2026 (June 2026 hires)
- Have passed one actuarial exam by 10/31/2025 (January 2026 hires)
- Anticipated completion of bachelor's/master's degree program by start date (January 2025 through June 2026)
- Have a major, minor or concentration relevant to the position. Examples include: Actuarial Science, Analytics, Data Science, Economics, Engineering, Mathematics, Risk Management, Statistics, or other related degree
- Internship or work experience supporting Actuarial functions of an organization or group area
- Demonstrated leadership experience. Examples include active roles in student or social organization activities, or sports
- Strong written communication skills
- Have experience with analytical or coding software. Examples include SAS, Python, Excel, VBA, SQL, or R
- Be able to work in a fast-paced environment and meet tight deadlines
- Possess strong analytical and problem resolution skills
- Encourage teamwork and a positive environment to improve team effectiveness
- Be resourceful and can quickly and successfully adapt to change
Benefits
- Medical, dental, and vision coverage
- Paid time off
- Retirement savings options
- Wellness programs
- Other resources, based on eligibility
Company Overview
CVS Health is a health solutions company that provides an integrated healthcare services to its members. It was founded in 1963, and is headquartered in Woonsocket, Rhode Island, USA, with a workforce of 10001+ employees. Its website is https://www.cvshealth.com/.