Ld Dir, Actuarial Risk Products and Assumptions

CVS Health

2.7

(75)

PA

Why you should apply for a job to CVS Health:

  • 62% say women are treated fairly and equally to men
  • 52% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.

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    Position summary

    x nature of the Pharmacy management in the Pharmacy Benefit Manager with the largest market share in the US. With over $140B in revenue - more than half of the CVS enterprise - the Pharmacy Services Segment would be #18 on Fortune list as its own entity!

    As a Lead Director - Actuarial Risk Products and Assumptions, you would lead a team supporting key elements of the risk we take in our PBM underwriting process, including model assumptions, unique client guarantees and new product initiatives. In this role, you will be frequently engaging with various stakeholders and frequently working under tight deadlines. Some of your key responsibilities will include:

    • Partner with Strategy team and Underwriting leadership to provide risk assessment and support for new client risk guarantees and products being considered

    • Provide support for broader actuarial priorities, such as benchmarking or ad-hoc financial analyses, trend experience analysis and commercial client consulting.

    • Partner with data analytics teams to identify opportunities of leveraging new data capabilities to assess risk in innovative ways.

    • Lead the formation of a new Underwriting Assumptions team to improve the leadership accountability, analyses and implementation governance of key assumptions supporting our UW processes.

    • Engagement with cross-functional internal stakeholders such as Finance, Clinical, Trade and Network teams in setting assumptions.

    To be successful, you will need to develop a solid understanding of the PBM underwriting models, a customer-centric mindset, an ability to risk-assess complex problems and recommend solutions and communicate effectively with leadership teams to bring accountability and awareness to key assumptions. Being a strong people leader and collaborating effectively with stakeholders across the ecosystem will also be essential to success, especially as a new team underneath you.

    Required Qualifications

    • 10+ years of actuarial or relatable experience

    • Attainment of ASA or FSA designation

    • Past experience as a people leader

    Preferred Qualifications

    • 7+ years of experience in the PBM or healthcare industry

    • Exceptional self-directed ability to problem solve new situations, both as an individual contributor and as a people leader.

    • Diverse experiences that demonstrate an ability to learn quickly

    • Able to synthesize complex information in complex tools to drive solutions

    • Exceptional communication skills, including bringing clarity to complex situations to both technical and non-technical audiences, engaging with senior leadership and effectively managing tight deliverable timelines.

    • Adaptability and ability to prioritize effectively

    Education

    • Bachelor's Degree is required

    • Master's degree is preferred

    • Equivalent Combination of education and experience may be considered.

    Pay Range

    The typical pay range for this role is:

    $100,000.00 - $231,500.00

    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.

    For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

    CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.

    You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.

    CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through [email protected] If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.

    Why you should apply for a job to CVS Health:

  • 62% say women are treated fairly and equally to men
  • 52% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.