Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.
 
Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

The Actuarial Development Program is a full-time, dynamic, 4 1/2 year (minimum) program designed to develop individuals entering the Actuarial field into future leaders. The program provides you with challenging work environments geared toward developing the future financial leaders of Aetna, along-side the support actuarial students need to pass exams and become credentialed actuaries. The program doesn’t just help you develop actuarial skills; it accelerates your overall development. You’ll get well-rounded experience and the ability to contribute to the dynamic world of healthcare. 

About this Business Area: Our Actuarial organization drives to support business leaders with critical thought partnership and end-to-end accountability for business results. We are focused on growing leaders that specialize in managing risk. As an Actuary within Aetna, a CVS Health company, you will leverage strong analytical skills, business knowledge and understanding of human behavior to support the team in activities related to pricing, reserving, forecasting, data analytics, competitive intelligence, healthcare trend analytics and tracking business results.

You will participate in:

Each of the four rotations will immerse you in a key business area and help you gain exposure to the following: 

• Risk Assessment: Understand the nature of specific risks and share results of analysis with management. 
• Rate Filing: Compile and analyze filing data then prepare and submit necessary exhibits for regulatory filings. 
• Reserve Analysis: Analyze claim data and monitor reserve levels for appropriateness and demonstrate an understanding of actuarial reserving techniques and issues. 
• Planning & Forecasting: Provide technical support and analysis for planning, forecasting, and reporting process. 
• Pricing, Trend & Benefit Design: Develop and recommend pricing and trend for product and/or services. 
• Technical Proficiency: 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. 

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 3/31/2025 (June 2025 hires)
• Have passed one actuarial exam by 10/31/2024 (January 2025 hires)

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

Education

Have a major, minor, concentration, or work experience relevant to the position. Examples include: Actuarial Science, Analytics, Data Science, Economics, Engineering, Mathematics, Risk Management, Statistics, or other related degree

Pay Range

The typical pay range for this role is:

$43,888.00 - $93,574.80

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.  
 
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

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.