Actuarial Development Program Analyst - Remote Opportunity with Competitive Hourly Rate
Unlock Your Career Potential as an Actuarial Development Program Analyst with CVS Health
Join the Actuarial Improvement Program, a dynamic and long-term initiative designed to nurture talented individuals entering the actuarial field into future leaders. As an Actuarial Development Program Analyst at CVS Health, you'll embark on a journey that not only fosters your actuarial skills but also accelerates your overall growth and contribution to the ever-evolving healthcare landscape.
About the Actuarial Association at CVS Health
Our Actuarial association is at the forefront of driving business decisions with insightful analysis and ownership of business outcomes. We're committed to developing leaders who specialize in managing risk. As a statistician within Aetna, a CVS Health company, you'll leverage your analytical prowess, business acumen, and understanding of human behavior to support the team in various activities, including risk assessment, rate filing, reserving analysis, data analysis, competitive intelligence, healthcare trend analysis, and tracking business results.
Key Responsibilities
- Participate in four rotations that will immerse you in key business areas, providing exposure to:
- Risk Evaluation: Understand the nature of specific risks and present analysis results to management.
- Rate Filing: Classify and analyze filing data, then prepare and submit necessary presentations for regulatory filings.
- Reserving Analysis: Analyze claim data and monitor reserve levels for adequacy, demonstrating an understanding of actuarial reserving methodologies and issues.
- Pricing and Forecasting: Provide technical support and analysis for planning, pricing, and reporting processes.
- Valuation, Trend, and Product Design: Develop and recommend pricing and trend for products or services.
- Technical Expertise: Develop innovative technical solutions to various problems, showcasing proficiency with spreadsheets and knowledge of database and online applications. Create and implement suitable tools and models, and develop and resolve business requirements and/or specifications for processes, tools, and systems.
Essential Qualifications
- Bachelor's degree in a relevant field
- Willingness to relocate to a designated Actuarial hub
Preferred Qualifications
- Internship or work experience supporting Actuarial functions within an organization or business area
- Demonstrated leadership experience, such as holding decision-making roles in student or social organization activities, or sports
- Strong written communication skills
- Proficiency with analytical or coding software, including SAS, Python, Excel, VBA, SQL, or R
- Ability to work in a fast-paced environment and meet tight deadlines
- Strong analytical and problem-solving skills
- Supportive team player with a positive attitude to enhance team effectiveness
- Adaptable and able to quickly adjust to change
Career Growth Opportunities and Learning Benefits
The Actuarial Improvement Program is designed to accelerate your career growth and provide you with a comprehensive understanding of the actuarial field. You'll have the opportunity to work on diverse projects, develop your technical skills, and collaborate with experienced professionals. The program also offers support for curricular practical training (CPT), optional practical training (OPT), and F-1 visa programs.
Work Environment and Company Culture
CVS Health follows a hybrid work model, allowing office-based colleagues to flex between working in the office and telecommuting based on the work that needs to be accomplished. Migration assistance will be provided for applicants who need to relocate more than 50 miles. The company also offers work visa sponsorship for this role.
Compensation, Perks, and Benefits
We're offering a competitive hourly rate of $27/hour for this part-time opportunity. While specific benefits may vary, CVS Health is known for providing a comprehensive benefits package to its employees. As a valued member of our team, you can expect to enjoy a range of perks and benefits that support your overall well-being and career development.
Join Our Team and Shape the Future of Healthcare
If you're a motivated and talented individual looking to launch your career in the actuarial field, we encourage you to apply for this exciting opportunity. As an Actuarial Development Program Analyst at CVS Health, you'll be part of a dynamic team that's driving innovation and excellence in the healthcare industry. Don't miss this chance to accelerate your career growth and make a meaningful contribution to the world of healthcare.