Start date: Jan/Feb 2022 and June 2022
CVS Health is the nation’s premier health innovation company helping people on their path to better health. We are building a new health care model that is easier to use, less expensive, and puts the consumer at the center of their care.
What it is:
The Actuarial Leadership Development Program (ALDP) is a full-time, 4 ½ year (minimum) program aimed at combining 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.
What are the goals:
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.
What you will do:
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.
•Planning & Forecasting: Provide technical support and analysis for planning, forecasting, and reporting process.
•Product Pricing, Trend, & Benefit Design: Develop and recommend pricing and trend for new and existing products and/or services.
•Reserve Analysis: Analyze claim data and monitor reserve levels for appropriateness and demonstrate an understanding of actuarial reserving techniques and issues.
•Technical Proficiency: Construct creative technical solutions to a variety of problems across multiple data platforms. Build and implement appropriate tools and models. Develop business requirements and/or specifications for processes, tools, and systems.
•Rate Filings: Compile and analyze filing data then prepare and submit necessary exhibits for regulatory filings.
What this business area supports:
•Assignments are available across a variety of business units including Commercial Business, Government Businesses and Medical Economics.
•Limited non-traditional Actuarial assignments exist as available.
•Meet educational requirements (see education section)
•Have passed at least one actuarial exam by 12/31/2021
•Demonstrate inclusive leadership through educational, professional, organized sports, clubs, or life experiences
•Have experience with analytical and technical programs such as Microsoft Excel and/or other data analysis/coding software
•Demonstrate commitment to our core values: Innovation, Caring, Collaboration, Accountability, and Integrity
•Have a willingness to relocate to one of our Actuarial offices located in Hartford, CT, Blue Bell, PA, Falls Church, VA, Atlanta, GA, Overland Park, KS, Chicago, IL or Concord, CA.
•Be able to work in a fast-paced environment and meet tight deadlines
•Strong written and verbal communication skills
•Internship or work experience in related field such as business or healthcare
•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
•Currently pursuing a bachelor’s degree
•Majoring in the following related degrees; Actuarial Science, Analytics, Data Science, Economics, Engineering, Mathematics, Risk Management, statistics, or other related degree
•Have an anticipated college graduation date between May 2021 and August 2022
At Aetna, a CVS Health company, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.
We are committed to maintaining a diverse and inclusive workplace. CVS Health is an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring or promotion based on race, ethnicity, gender, gender identity, age, disability or protected veteran status. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.