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Valuation Consultant

Primary Location: Blue Bell, PA
Additional Locations: PA-Blue Bell
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Description:
Support the monthly closing of the IBNR books for CVS/Aetna's Commercial, Medicare, and Medicaid businesses. Work with the reserve actuaries to populate Aetna's standard reserving model, to implement the reserve picks of Aetna's reserve actuaries, and to communicate the reserves to the reviewing actuaries and then to the accountants in Corporate Controllers. Retain and archive documentation for auditing and SOX purposes. Work with CVS/Aetna's external auditor to pull together an enterprise view of reserves to review. During the quarterly and annual statutory blank filings, work with the plan accountants to build a Schedule H to file for each entity. Work with the reserve actuaries to validate the reasonableness of the schedules and exhibits.

Fundamental Components:
Staffing/Personnel- Collaborate with a team of 5 Consultants and Sr Consultants during an instensive monthly 5-day close.. - Aetna Way- Exhibit behavior that reflects Aetna’s values and is in accordance with the Aetna Way. Programs, Policies & Processes- Work with a dedicated offshore development team on occasional reserve model enhancemnets. - Reserve Analysis- Provide technical support in the reasonable of reserve exhibits. -Technical Proficiency: - Minimal development-type programming is required; data is generally scrubbed upstream of us, and actual analysis is performed in Excel. Interaction with Constituents- Under supervisor direction, collaborate with reviewing market actuaries and corporate accountants. Important note: generally no flexibility in time off during the first 5 workdays of each month.

Background Experience:
1+ year(s) work experience. Employees in the Actuarial Training Program are expected to have a college degree with concentration typically in Actuarial Science, Mathematics, Finance, Statistics, Economics or related field and should be at/near associate-ship in the Society of Actuaries. College degree or equivalent experience. Experience in a financial close environment is a plus.

Additional Job Information:
Although there is minimal flexibility in work schedule during the 5-day close, there is an offsetting ability to flex schedule during the remainder of the month.

Required Skills:
General Business - Turning Data into Information, Technology - Leveraging Technology

Desired Skills:
Finance - Managing Aetnas Risk, Leadership - Collaborating for Results

Functional Skills:
Actuarial - Valuation/Reserving

Technology Experience:
Desktop Tool - TE Microsoft Excel

Potential Telework Position:
No

Percent of Travel Required:
0 - 10%

EEO Statement:
Aetna is an Equal Opportunity, Affirmative Action Employer

Benefit Eligibility:
Benefit eligibility may vary by position. Click here to review the benefits associated with this position.

Candidate Privacy Information:
Aetna takes our candidate's data privacy seriously. At no time will any Aetna recruiter or employee request any financial or personal information (Social Security Number, Credit card information for direct deposit, etc.) from you via e-mail. Any requests for information will be discussed prior and will be conducted through a secure website provided by the recruiter. Should you be asked for such information, please notify us immediately.

Click To Review Our Benefits (PDF)

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