Job Description
CVS Health is committed to shaping a more connected and compassionate health experience. The Actuarial Development Program is a full-time, dynamic program designed to develop individuals entering the Actuarial field into future leaders through challenging work environments and support for passing actuarial exams. Responsibilities Understand the nature of specific risks and share results of analysis with management Analyze claim data and monitor reserve levels for appropriateness and demonstrate an understanding of actuarial reserving techniques and issues Provide technical support and analysis for planning, forecasting, and reporting process Develop and recommend pricing and trend for product and/or services 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 Evaluating the potential risks associated with insurance policies and develop models to estimate the likelihood and severity of potential losses Analyzes Actuarial data to assess risks accurately, subsequently making recommendations to management for risk management improvements Assists in determining insurance premiums by analyzing data and estimating the expected costs of claims Conducting research on Actuarial market trends, competitor pricing, and underwriting guidelines to support pricing decisions Collecting, organizes, and analyzes large volumes of data related to insurance policies, claims, demographics, and other relevant factors Develops and maintains Actuarial models to project future financial outcomes, such as premium income, claim payments, and reserve requirements Preparing key reports and presentations summarizing findings, assumptions, and conclusions Providing actuarial expertise and insights to assist in product development, risk management, and strategic planning Collaborates with other departments, such as underwriting, claims, and finance, to support their decision-making processes Skills 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 3/31/2026 (June 2026 hires) Have passed one actuarial exam by 10/31/2025 (January 2026 hires) Anticipated completion of bachelor's/master's degree program by start date (January 2025 through June 2026) Have a major, minor or concentration relevant to the position. Examples include: Actuarial Science, Analytics, Data Science, Economics, Engineering, Mathematics, Risk Management, Statistics, or other related degree 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 Benefits Medical, dental, and vision coverage Paid time off Retirement savings options Wellness programs Other resources, based on eligibility Company Overview CVS Health is a health solutions company that provides an integrated healthcare services to its members. It was founded in 1963, and is headquartered in Woonsocket, Rhode Island, USA, with a workforce of 10001+ employees. Its website is