Senior Actuarial Analyst (Assumptions Specialist)
NACBA, Austin, TX, United States
We're building a world of health around every individual - shaping a more connected, convenient and compassionate health experience. At CVS Health®, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger - helping to simplify health care one person, one family and one community at a time.
Position Summary We are seeking an Assumptions Development Specialist with a strong analytical mindset. This role requires a willingness to engage deeply with mathematical models and collaborate across various departments to develop model assumptions and ensure alignment with our strategic goals. Additionally, this role will support the strategic direction to the organization to achieve its business goals and ensure financial integrity. This role requires collaboration with business partners to understand the assumption requirements and provide sound risk management advice.
Key Responsibilities
Data Gathering and Analysis
(75%): Develop a working understanding of available data sources, field definitions, and data collection methods. Gather, analyze, and interpret this data to identify trends and actionable insights for development of assumptions.
Process Control & Support
(15%): Establish repeatable processes and maintain ownership of regularly reviewing and refreshing assumptions.
Process and Capability Design
(10%): Gain a comprehensive understanding of business processes and systems. Work with business teams on appropriate execution strategies for implementing assumptions.
Management Responsibilities: None, individual contributor.
Additional responsibilities
Communicate analysis findings and recommendations to managers, supervisors, and individual contributors, ensuring methods align with organizational goals and objectives.
Review and interpret data models, making recommendations for planning, forecasting, and reporting.
Anticipate and recognize issues that materially affect financial results, making recommendations on these matters.
Provide support for broader actuarial priorities, such as ad-hoc analyses and strategic projects.
Required Qualifications
2+ years of analytical experience and designing data-driven analyses.
Strong collaboration skills and willingness to work across business units within a complex organization
Excellent oral and written communications skills; Ability to convey complex topics in clear and concise terms.
Preferred Qualifications
Associate of the Society of Actuaries (ASA) or progress being made towards achieving actuarial credential.
1+ years of experience working for a pharmacy benefits manager (PBM) or in Rx consulting.
Coding experience with either SQL or SAS
Innovative mindset and ability to work outside of established boundaries
Results oriented with ability to keep others on task to meet defined goals
Degree related to finance, mathematics, statistics, actuarial science, economics, or other data related fields
Experience working in a dynamic environment with continually evolving priorities
Education
Bachelor's degree preferred, specialized training, or relevant professional qualification.
Anticipated Weekly Hours 40
Time Type Full time
Pay Range The typical pay range for this role is:
$79,310.00 - $158,620.00
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.
Great benefits for great people We take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be.
Affordable medical plan options,
a
401(k) plan
(including matching company contributions), and an
employee stock purchase plan .
No-cost programs for all colleagues
including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
Benefit solutions that address the different needs and preferences of our colleagues
including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.
For more information, visit https://jobs.cvshealth.com/us/en/benefits
We anticipate the application window for this opening will close on: 03/20/2026
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
#J-18808-Ljbffr
Position Summary We are seeking an Assumptions Development Specialist with a strong analytical mindset. This role requires a willingness to engage deeply with mathematical models and collaborate across various departments to develop model assumptions and ensure alignment with our strategic goals. Additionally, this role will support the strategic direction to the organization to achieve its business goals and ensure financial integrity. This role requires collaboration with business partners to understand the assumption requirements and provide sound risk management advice.
Key Responsibilities
Data Gathering and Analysis
(75%): Develop a working understanding of available data sources, field definitions, and data collection methods. Gather, analyze, and interpret this data to identify trends and actionable insights for development of assumptions.
Process Control & Support
(15%): Establish repeatable processes and maintain ownership of regularly reviewing and refreshing assumptions.
Process and Capability Design
(10%): Gain a comprehensive understanding of business processes and systems. Work with business teams on appropriate execution strategies for implementing assumptions.
Management Responsibilities: None, individual contributor.
Additional responsibilities
Communicate analysis findings and recommendations to managers, supervisors, and individual contributors, ensuring methods align with organizational goals and objectives.
Review and interpret data models, making recommendations for planning, forecasting, and reporting.
Anticipate and recognize issues that materially affect financial results, making recommendations on these matters.
Provide support for broader actuarial priorities, such as ad-hoc analyses and strategic projects.
Required Qualifications
2+ years of analytical experience and designing data-driven analyses.
Strong collaboration skills and willingness to work across business units within a complex organization
Excellent oral and written communications skills; Ability to convey complex topics in clear and concise terms.
Preferred Qualifications
Associate of the Society of Actuaries (ASA) or progress being made towards achieving actuarial credential.
1+ years of experience working for a pharmacy benefits manager (PBM) or in Rx consulting.
Coding experience with either SQL or SAS
Innovative mindset and ability to work outside of established boundaries
Results oriented with ability to keep others on task to meet defined goals
Degree related to finance, mathematics, statistics, actuarial science, economics, or other data related fields
Experience working in a dynamic environment with continually evolving priorities
Education
Bachelor's degree preferred, specialized training, or relevant professional qualification.
Anticipated Weekly Hours 40
Time Type Full time
Pay Range The typical pay range for this role is:
$79,310.00 - $158,620.00
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.
Great benefits for great people We take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be.
Affordable medical plan options,
a
401(k) plan
(including matching company contributions), and an
employee stock purchase plan .
No-cost programs for all colleagues
including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
Benefit solutions that address the different needs and preferences of our colleagues
including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.
For more information, visit https://jobs.cvshealth.com/us/en/benefits
We anticipate the application window for this opening will close on: 03/20/2026
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
#J-18808-Ljbffr