Unlock Your Career Potential as an Actuarial Development Program Analyst with CVS Health/Aetna
Are you a driven and ambitious individual looking to kick-start your career in the actuarial field? Do you want to be part of a dynamic team that shapes the future of healthcare? Look no further than CVS Health/Aetna's Actuarial Improvement Program, a full-time, long-term development opportunity designed to foster future leaders in the industry.
About the Actuarial Improvement Program
The Actuarial Improvement Program is a comprehensive development program that offers a unique blend of challenging work experiences, mentorship, and support to help you grow into a credentialed actuary. As a participant in this program, you will be immersed in key business areas, including risk evaluation, rate filing, reserve analysis, planning and forecasting, pricing, trend, and product design. You will have the opportunity to work on high-impact projects, develop your technical skills, and contribute to the success of Aetna, a CVS Health company.
Key Responsibilities
- Participate in four rotations that will expose you to various business areas, including:
- Risk Evaluation: Understand and analyze specific risks, and present findings to management.
- Rate Filing: Analyze and prepare submissions for regulatory filings.
- Reserve Analysis: Examine claim data and monitor reserve levels for adequacy.
- Planning and Forecasting: Provide technical support and analysis for planning, forecasting, and reporting processes.
- Pricing, Trend, and Product Design: Develop and recommend pricing and trend for products or services.
- Technical Expertise: Develop and implement technical solutions to complex problems, and demonstrate proficiency with various tools and applications.
- Develop strong analytical and problem-solving skills, and apply them to drive business results.
- Collaborate with cross-functional teams to achieve business objectives.
- Communicate complex ideas and findings effectively to stakeholders.
Essential Qualifications
- Bachelor's degree in a relevant field (e.g., actuarial science, mathematics, statistics).
- Willingness to relocate to a designated Actuarial hub.
Preferred Qualifications
- Internship or work experience supporting actuarial functions in an organization or industry.
- Demonstrated leadership experience, such as holding a decision-making role in student or social organization activities, or sports.
- Strong written and verbal communication skills.
- Experience with analytical or coding software, such as 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.
- Ability to support collaboration and a positive environment to improve team effectiveness.
- Adaptability and ability to adjust to change quickly and efficiently.
Career Growth Opportunities and Learning Benefits
As a participant in the Actuarial Improvement Program, you will have access to a range of career growth opportunities and learning benefits, including:
- Comprehensive training and development programs to help you build your technical skills and business acumen.
- Opportunities to work on high-impact projects and contribute to the success of Aetna, a CVS Health company.
- Mentorship and support from experienced actuaries and industry professionals.
- Opportunities for career advancement and professional growth within CVS Health/Aetna.
Work Environment and Company Culture
CVS Health/Aetna is committed to creating a work environment that is inclusive, diverse, and supportive. As a participant in the Actuarial Improvement Program, you will be part of a team that values:
- Innovation and creativity.
- Collaboration and teamwork.
- Diversity and inclusion.
- Professional development and growth.
CVS Health follows a hybrid work model, giving office-based colleagues the flexibility to work in the office or remotely, depending on the work that needs to be done. Relocation assistance will be provided for applicants who need to move more than 50 miles.
Compensation, Perks, and Benefits
As a full-time employee of CVS Health/Aetna, you will be eligible for a comprehensive benefits package, including:
- Competitive hourly rate of $27/hour.
- Health insurance, including medical, dental, and vision coverage.
- Prescription drug benefits through CVS's pharmacy benefits management services.
- Wellness programs, including health assessments, fitness incentives, and smoking cessation support.
- 401(k) retirement savings plan with company match.
- Paid time off (PTO) that includes vacation days, holidays, and sick leave.
- Employee discounts on CVS products and services.
- Career development opportunities, including training programs, tuition assistance, and professional development initiatives.
- Employee assistance program (EAP) that provides confidential counseling and support.
- Maternity and paternity leave benefits.
- Flexible work arrangements, including remote work options.
Conclusion
If you are a motivated and ambitious individual looking to launch your career in the actuarial field, we encourage you to apply for the Actuarial Development Program Analyst position with CVS Health/Aetna. This is a unique opportunity to join a dynamic team, develop your skills and expertise, and contribute to the success of a leading healthcare organization. Don't miss out on this chance to unlock your career potential and take the first step towards a rewarding and challenging career.
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Apply Now