Scottsdale, Arizona

Job Description
Exciting new opportunity at CVS Health, A Fortune 5 Company!

We currently have a new position for an Actuary Services Advisor with our CVS Caremark Business! This role will play a critical role in a broad array of Product initiatives. The actuarial team is instrumental in providing insights and operational support related to product design, pricing and risk management during the development, pilot/launch, post-launch execution, financial forecasting and future re-design phases of a product life cycle. We expect future products to incorporate Aetna/CVS integration efforts and to partner with Data Science on incorporating predictive modeling elements. Some of the existing products include a high visibility PMPM spend guarantee and Specialty Rx Cost Control, a product focused on managing spend on very high cost specialty drugs. This role will also be an important bridge between Underwriting and Product with a focus on advocating the value of our products in internal discussions and with clients and brokers.

To be successful, you will demonstrate:

- Analytical and problem-solving skills in developing complex and challenging change-driving solutions.

- An understanding of Rx / PBM fundamentals. As a growing and complex component of healthcare spend, understanding Rx cost dynamics is a key functional skill. And as a key pillar of the CVS Health organization, developing an understanding of PBM fundamentals, financials and operations is a valuable opportunity for future leaders.
- Executive communication. It's expected this person will need to present to and solicit approval from senior management.
- Influential leadership. It's expected that the initial design and the final design of a product will look quite different and it's expected the actuary can influence others to create the most optimal product design/solution.
- External focus. This person may directly engage with external clients and consultants, both in gaining feedback for the design as well as presenting aspects of the product in a finalist meeting.

Required Qualifications
- 3 years of Health Insurance pricing or underwriting experience.
- Demonstrated progress (passed exams) towards an ASA, or FSA.

Preferred Qualifications
-Actuarial Skills in the Health Care Industry including knowledge of Actuarial Standards of Practice (ASOPs).
- Strong problem solving, writing and communication skills.
- Advanced MS Office skills, knowledge of relational databases and warehouses, advanced SQL, OLAP and SAS skills.
- Degree related to finance, mathematics, operations, statistics, actuarial science, epidemiology, economics or other data related fields.

Education
Bachelor’s degree required

Business Overview
At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.


We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring or promotion based on race, ethnicity, sex/gender, sexual orientation, gender identity or expression, age, disability or protected veteran status or on any other basis or characteristic prohibited by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities. See Job Description

Scottsdale, Arizona

Continue serving and work with a purpose

As a CVS Health colleague, you'll find career opportunities across the organization and at every stage of your career. More important, your work will have an impactful purpose on someone's life, including your own. Learn more about how you can continue serving on your next mission at CVS Health.

Careers for Veterans and Military Spouses

 

"The military has an ethos that is grounded in purpose-driven service that’s bigger than the individual. The same holds true for us at CVS Health. You can talk to colleagues in any part of our business and they will be able to articulate our company’s purpose. Working here provides an opportunity for service members and military spouses to continue to serve, just in a civvies."

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