Actuarial Development Program

Actuarial Development Program

At CVS Health, we are 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.

Program Start Date: January 20, 2026 or July 13, 2026

Location: Hartford, CT

Starting Salary: $72,000

This role offers the opportunity for progressive salary increases aligned to passed Actuarial exams.

Work visa sponsorship is available for this role. This includes participation in Curricular Practical Training (CPT), Optional Practical Training (OPT), and F-1 Visa programs.

The Actuarial Development Program is a full-time, dynamic, 4 1/2 year (minimum) program designed to develop individuals entering the Actuarial field into future leaders. The program provides you with 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.

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.
• Reserve Analysis: Analyze claim data and monitor reserve levels for appropriateness and demonstrate an understanding of actuarial reserving techniques and issues.
• Planning & Forecasting: Provide technical support and analysis for planning, forecasting, and reporting process.
• Pricing, Trend & Benefit Design: Develop and recommend pricing and trend for product and/or services.
• Technical Proficiency: 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.

You will gain valuable work experience and participate in:

• 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, organizing, and analyzing 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.

Relocation: CVS Health follows a hybrid work model providing office-based colleagues the ability to flex between working in the office and working from home based on the work you need to accomplish. Relocation assistance will be provided for candidates that need to move over 50 miles.

Required Qualifications:

• Meet educational requirements (see education section)
• Have a willingness to relocate to identified Actuarial hub (Hartford CT, )
• Have passed two actuarial exams by 3/31/2026 (June 2026 hires)
• Have passed two actuarial exams by 10/31/2025 (January 2026 hires)

Preferred Qualifications:

• Internship or work experience supporting Actuarial functions of an organization or group area.
• Demonstrated leadership experience.
• 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.

Education:

• 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

Anticipated Weekly Hours: 40

Time Type: Full time

The hours listed below are the required availability for this role. Please only apply if you can meet these schedule requirements.

Shift Flexibility: Monday: - Tuesday: - Wednesday: - Thursday: - Friday: - Saturday: - Sunday: -

Weekend Shift Frequency:

Language:

Pay Range:

The typical pay range for this role is:

$67,980.00 - $135,960.00

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.

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.

This job does not have an application deadline, as CVS Health accepts applications on an ongoing basis. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws.