Actuarial Development Program

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

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