Actuarial Analyst at CVS Health in Woonsocket, RI

Actuarial Analyst Location: RI - Woonsocket We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Position Summary: Aetna Resources, LLC., a CVS Health company, is hiring for the following role in Woonsocket, RI: Actuarial Analyst to support actuarial functions by applying quantitative skills and analytical methods to well defined projects. Develop quantitative techniques to inform pricing and valuation for assigned projects, large group customers, and overall financial portfolio. Apply mathematical and statistical methods to analyze data for use in studies, valuation, and pricing projects in support of the business. Work and collaborate with cross-functional teams including Underwriting, Sales, and Accounts on large, complex new business and renewal cases. Leverage Excel, SAS, and other technical options to efficiently complete projects. Demonstrate spreadsheeting proficiency and familiarity with database and web-based applications. Complete studies used for assumption setting in pricing model and maintain financial analytic models. Contribute to product development and re-pricing initiatives and apply knowledge of current pricing models and risk management practices. Work on special projects that require actuarial research and analysis in partnership with business teams both in and out of finance and provide support for understanding case specific underwriting issues. Develop experience analysis reviews, produce summary reports of financial results and communicate results, trends, and issues to management along with proactive recommendations. Continuously build specialized knowledge of company operations and systems, and the actuarial discipline. Continually assess established training and work processes to identify areas for improved effectiveness and efficiency. Take ownership of assigned projects and/or models/tools. Raise issues and propose suggestions as appropriate. Provide input into decision making process. Demonstrate basic understanding and working knowledge of internal data sources. Develop creative technical solutions to a variety of problems. Support development and implementation of appropriate tools and models. Support maintenance and development of enhancements to processes, tools, and make suggestions to maximize efficiency. Participate in development and finalization of business requirements and/or specifications for processes, tools, and systems. Participate in testing of changes to processes, tools, and systems. Participate in multi-functional workgroups. Respond to routine inquiries from internal constituents in a clear and professional manner. Create and maintain accurate documentation of tools and processes. Telecommuting available. Multiple positions. Requirements: Bachelor's degree (or foreign equivalent) in Actuarial Science, Mathematics, Finance, Statistics, Economics or related field and six (6) months of experience in each of the following: • Excel; and • SAS or SQL programming. Position also requires completion of three (3) Actuarial Exams recognized by the Society of Actuaries (SOA). Pay Range: $77646.00/year to $96575.00/year. 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. Great benefits for great people We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families. This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility. Additional details about available benefits are provided during the application process and on Benefits Moments. This job does not have an application deadline, as CVS Health accepts applications on an ongoing basis. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.