Actuarial Development Program

Summary: 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 Required Qualifications: - 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 Preferred Qualifications: - 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 Required Skills: Actuarial Exams, Actuarial Science, Risk Assessment, Reserve Analysis, Forecasting, Pricing, Trend Analysis, Spreadsheets, Database Applications, Web-based Applications, Actuarial Modeling, SAS, Python, Excel, VBA, SQL, R, Analytical Thinking, Problem Resolution, Planning Benefits: Medical, dental, and vision coverage, Paid time off, Retirement savings options, Wellness programs, Other resources, based on eligibility