Introduction to Aetna and the Actuarial Improvement Program
Aetna, a leading healthcare company and a subsidiary of CVS Health, is seeking talented individuals to join its Actuarial Improvement Program. This dynamic and long-term program is designed to foster the development of future leaders in the actuarial field. As a participant in this program, you will have the opportunity to work with a team of experienced actuaries and gain hands-on experience in risk evaluation, data analysis, and healthcare management.
Program Overview
The Actuarial Improvement Program is a full-time program that provides participants with the opportunity to develop their actuarial skills and knowledge in a supportive and collaborative environment. The program is designed to accelerate your career development and provide you with the skills and expertise needed to succeed in the actuarial field. You will have the opportunity to work on a variety of projects and assignments, including risk evaluation, data analysis, and healthcare management.
Key Responsibilities
As a participant in the Actuarial Improvement Program, you will have the opportunity to work on a variety of projects and assignments, including:
- Risk Evaluation: Understand the concept of specific risks and provide results of analysis to management.
- Rate Filing: Organize and analyze filing data, prepare and submit necessary presentations for regulatory filings.
- Reserve Analysis: Analyze claim data and monitor reserve levels for adequacy and demonstrate an understanding of actuarial reserving methods and issues.
- Planning and Budgeting: Provide technical support and analysis for planning, budgeting, and reporting processes.
- Pricing, Trend, and Benefit Design: Develop and recommend pricing and trend for products or benefits.
- Technical Capability: Develop innovative technical solutions to various problems. Demonstrate proficiency with spreadsheet software and knowledge of database and online applications. Create and implement appropriate tools and models. Create and finalize business requirements and/or specifications for processes, tools, and systems.
- Migration: CVS Health follows a hybrid work model, giving office-based colleagues the flexibility to work from home and in the office, depending on the work that needs to be accomplished. Relocation assistance will be provided for candidates who need to relocate more than 50 miles.
- Work visa sponsorship is available for this position. This includes participation in Curricular Practical Training (CPT), Optional Practical Training (OPT), and F-1 Visa programs.
Required Qualifications
To be considered for the Actuarial Improvement Program, you must:
- Meet educational requirements (see education section)
- Be willing to relocate to a designated Actuarial hub
Preferred Qualifications
Preferred qualifications for the Actuarial Improvement Program include:
- Internship or work experience supporting Actuarial aspects of an organization or business unit
- Demonstrated leadership experience. Examples include active roles in student or community organization activities, or sports
- Strong written communication skills
- Experience with statistical or coding software. Examples include SAS, Python, Excel, VBA, SQL, or R
- Ability to work in a fast-paced environment and meet tight deadlines
- Strong analytical and problem-solving skills
- Support collaboration and a positive attitude to enhance team effectiveness
- Be adaptable and able to quickly and effectively adjust to change
Career Growth Opportunities and Learning Benefits
The Actuarial Improvement Program is designed to provide participants with the skills and knowledge needed to succeed in the actuarial field. As a participant in this program, you will have the opportunity to work with experienced actuaries and gain hands-on experience in risk evaluation, data analysis, and healthcare management. You will also have access to training and development programs, including:
- Actuarial exams and certification programs
- Professional development workshops and seminars
- Mentorship programs with experienced actuaries
- Opportunities for career advancement and growth within the company
Work Environment and Company Culture
Aetna, a CVS Health company, is committed to creating a positive and inclusive work environment that supports the growth and development of its employees. As a participant in the Actuarial Improvement Program, you will be part of a dynamic and supportive team that values collaboration, innovation, and excellence. You will have the opportunity to work in a fast-paced and challenging environment that is focused on delivering high-quality results and making a positive impact on the healthcare industry.
Compensation, Perks, and Benefits
Aetna, a CVS Health company, offers a comprehensive compensation and benefits package that includes:
- Competitive salary and bonus structure
- Comprehensive health insurance plans, including medical, dental, and vision coverage
- 401(k) retirement savings plan with company match
- Paid time off (PTO) and holidays
- Employee discounts on CVS products and services
- Opportunities for career advancement and growth within the company
- Professional development programs, including training and education assistance
- Recognition and reward programs for outstanding performance
Conclusion
If you are a motivated and talented individual who is interested in pursuing a career in the actuarial field, we encourage you to apply for the Actuarial Improvement Program at Aetna, a CVS Health company. This program offers a unique opportunity to gain hands-on experience in risk evaluation, data analysis, and healthcare management, while working with a team of experienced actuaries who are committed to your growth and development. Don't miss out on this opportunity to launch your career in the actuarial field and make a positive impact on the healthcare industry. Apply now to join our team!
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