Senior Analyst, Actuarial

$46,988 - $112,200/Yr

CVS Health - Chicago, IL

Full-time - Entry Level

Remote - Chicago, IL

Health and Personal Care Retailers

About the position

The Senior Analyst, Actuarial position at CVS Health is a pivotal role that focuses on managing and delivering a variety of reports on a monthly, quarterly, and annual basis. This position can be performed in any Aetna office with a hybrid schedule or fully remote from anywhere in the United States, provided the candidate is willing to work Eastern Standard Time (EST) hours at least one week per month. The role is designed for an actuarial student who is eager to learn and apply the latest actuarial techniques while contributing to the company's mission of enhancing human-centric health care. In this role, the analyst will be responsible for reviewing and establishing large claim accruals during each monthly financial close. This involves close communication with business partners in Claim Operations, Finance, and the Medical Economics Unit (MEU) to incorporate their feedback into the monthly case reserves. The analyst will leverage their skills in Excel VBA and SQL to design a user interface that enhances efficiency in the accrual setting process and ensures accuracy in the monthly reporting of reserves. Additionally, the analyst will dive deep into data to derive insights regarding case reserve estimates and communicate results and proposed changes to actuarial leadership. The role also includes designing and executing periodic studies aimed at improving default estimates for case reserves and determining provider discounts applicable to billed large claims. This position is integral to the financial health of the organization and requires a blend of technical acumen, analytical skills, and effective communication.

Responsibilities

• Own and manage a multitude of reports delivered monthly, quarterly, and annually.
• Review and establish large claim accruals for each monthly financial close.
• Communicate with business partners in Claim Ops, Finance, and MEU to incorporate feedback into monthly case reserves.
• Leverage Excel VBA and SQL to design a user interface that creates efficiency in our accrual setting process and accuracy in our monthly reporting of reserves.
• Dive deep into data to derive answers to questions about case reserve estimates.
• Communicate results and proposed changes to actuarial leadership.
• Design and help execute periodic studies to improve our default estimates for case reserves as well as provider discounts to apply to billed large claims.

Requirements

• Actuarial student with the drive to learn and apply the latest actuarial techniques.
• High level of personal drive, technical acumen, and communication skills.
• Passed a minimum of two actuarial exams and currently progressing toward attaining the ASA designation.
• 2+ years of experience in a professional environment.
• SQL and VBA coding skills along with model building experience.

Nice-to-haves

• Ability to meet tight deadlines for the monthly financial close.
• Foundational technical, analytical, and communication skills.
• Strong verbal and written communication skills.
• Demonstrated ability to manage and improve processes.

Benefits

• Full range of medical, dental, and vision benefits.
• 401(k) retirement savings plan.
• Employee Stock Purchase Plan for eligible employees.
• Fully-paid term life insurance plan for eligible employees.
• Short-term and long-term disability benefits.
• Numerous well-being programs.
• Education assistance and free development courses.
• CVS store discount and discount programs with participating partners.
• Paid Time Off (PTO) or vacation pay, as well as paid holidays throughout the calendar year.