Actuarial Director

Job DescriptionWould you like to join CVS Health, a Fortune 5 company, leading our multifaceted Underwriting Business Technology team? As the Actuarial Director for Underwriting Tools and Methodology, you will lead a team supporting key logic and assumptions in both our legacy underwriting tools supporting Caremark's 110 million customers, as well as in our new ecosystem following its upcoming launch. In this role, you will be frequently engaging with various stakeholders and frequently working under tight deadlines. Some of your key responsibilities will include:- Leading a 3-person actuarial team, including hiring, training, mentoring, developing, and evaluating team members, as well as maintaining high levels of employee engagement and succession planning for key person dependencies- Leading the Underwriting assumptions process, including ownership of key assumption updates and methodology, engagement with SMEs and leading deep dives where necessary and presenting to leadership teams- Overseeing computational engine support for future phases of the new Aligned for Profitability (AFP) ecosystem, a significant investment to enhance our UW capabilities- Supporting the development of change management initiatives and actuarial training related to the AFP ecosystem- Developing deep insight into various aspects the UW process (both the AFP and Legacy models) to aide in development of solutions to business or technical challenges that arise, including client-specific needs- Collaborating with cross-functional stakeholders such as Finance, Product and Network to ensure UW methodology reflects our current business dynamics - Identifying and implementing opportunities of using our data differently To be successful, you will need to bring or develop a solid understanding the PBM business models, a customer-centric mindset, and an ability to analyze complex problems and drive solutions to completion. You will also need to be proven in your ability to work independently in a fast-paced environment and manage tight deadlines with appropriate level of delegation to team members. As we embark into our new ecosystem, being able to develop and influence new processes that fit business needs will be critical to current and future success. As the team experiences change, being a strong people leader will also be essential to success.Required Qualifications 7 or more years of related professional experience At least 3 years of experience in the PBM or health plan industry At least 2 years of experience as a people manager Attainment of ASA or FSA designation is requiredCOVID RequirementsCOVID-19 Vaccination RequirementCVS 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.Preferred Qualifications Exceptional people leadership skills, especially in leading teams through change 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, engaging with senior leadership and technical audiences, and effectively managing high stress situations Adaptability and ability to prioritize effectivelyEducation Bachelor's Degree is required Master's degree is preferred Equivalent Combination of education and experience may be consideredBusiness OverviewBring your heart to CVS HealthEvery 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. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.

Created: 2025-11-15