Senior Manager, Assumption Specialist

CVS Health; United States; Remote; USD 130,000 - 261,000; Full time

Job summary

A leading health solutions company is seeking an Assumptions Development Specialist to enhance their underwriting model's assumptions. The role involves significant analytical work and collaboration across departments to ensure financial integrity and strategic alignment. The ideal candidate will have a strong background in financial analysis and actuarial science.

Benefits

Affordable medical plan options

401(k) plan with matching contributions

Employee stock purchase plan

Wellness screenings

Tobacco cessation programs

Weight management programs

Confidential counseling

Financial coaching

Tuition assistance

Flexible work schedules

Qualifications

• 7+ years of experience in financials, data analytics or actuarial role.
• Associate or Fellow of the Society of Actuaries (ASA or FSA).

Responsibilities

• Design and conduct studies to validate and refine assumptions.
• Collaborate with analytics partners to improve forecasting models.
• Communicate actuarial processes to team members.

Skills

Analytical Mindset

Collaboration

Communication

Education

Bachelor's degree

Job description

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

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 ensure our underwriting model's assumptions are up-to-date and aligned with our strategic goals. Additionally, this role will provide strategic direction to the organization to achieve its business goals and ensure financial integrity. This role requires heavy collaboration with business partners to provide sound risk management advice.

Key Responsibilities:

• Assumption Development (60%): Design and conduct studies to validate and refine existing assumptions, as well as develop new assumptions. This involves rigorous analysis and collaboration with various stakeholders.
• Lead Actual to Expected Analyses (20%): Collaborate with our analytics partners (DDAT) to develop processes that compare underwriting datasets to actual outcomes. Interpret the data to identify opportunities for improving our forecasting model and work closely with the client profitability team to address key drivers.
• Capability Design (20%): Gain a comprehensive understanding of our underwriting ecosystem and work with strategy and tools development teams to design innovative solutions for emerging business challenges.
• Management Responsibilities: None, individual contributor. On a project-by-project basis, this individual will work with analysts.

Additional Responsibilities:

• Communicate direction for actuarial processes to managers, supervisors, and individual contributors, ensuring methods align with organizational goals and objectives.
• Review and interpret financial 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 financial analyses and commercial client consulting.

Required Qualifications

• 7+ years of experience in financials, data analyics or an actuarial role.
• Associate or Fellow of the Society of Actuaries (ASA or FSA).

Preferred Qualifications

• 2+ years of experience working for a pharmacy benefits manager (PBM) or in Rx consulting.
• PBM and/or Healthcare experience
• Financial modeling experience
• 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.
• 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.

Pay Range

The typical pay range for this role is:

$130,295.00 - $260,590.00

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. This position also includes an award target in the company’s equity award program.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

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. In addition to our competitive wages, our great benefits include:

• 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, visithttps://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 06/30/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.