Executive Director, Actuarial - PEO

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

• Lead actuarial and underwriting teams supporting the Professional Employer Organization (PEO) segment. Partner with account team, product, finance, and segment President to drive profitable growth.
• Own various core actuarial projects such as: experience and manual rated pricing, knowledge of reserve setting, medical cost analysis and forecasting
• Collaborate with external stakeholders, including executives, project managers, benefits managers, actuaries and underwriters for both our customers and their hired consultants.
• In collaboration with account team, define and manage the PEO renewal strategy. Identify and mitigate risks, and capitalize on opportunities by developing unique solutions.
• Support new and growth PEOs by evaluating prospects and managing the PEO pipeline. Sell Aetna through communication of our value proposition.
• Manage team through the PEO renewal cycle, including deliverables such as: annual renewal delivery, allocation of rate increase to small groups (rebanding), post-renewal review and analysis, continuous monitoring and reporting of experience, product strategy, internal underwriting administrative tasks, and supporting customer strategy conversations.
• Includes 4-5 direct reports, with total staff of 13.

• Bachelor's degree along with 10+ years relevant work experience in actuarial or related fields
• Must have your ASA or FSA
• Strong Communication skills for internal collaboration and external customer interactions
• Strong understanding of employer-sponsored medical insurance
• Knowledge of Small Group and Large Group distinctions and nuances

• Knowledge of PEO industry and dynamics
• Experience managing actuarial and/or underwriting staff.
• Understanding of SQL or similar languages to query and manipulate data.

• Bachelors Degree
• FSA Preferred, ASA Required

• 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.