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A new day in healthcare. Together, CVS Health and Aetna help people on their path to better health.

Assistant Actuary

Primary Location: Walnut Creek, California
Additional Locations: CA-Walnut Creek
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Description:
POSITION SUMMARY
Support actuarial functions by serving as a subject matter expert for the California market. You will handle small group/ACA business. We are looking for someone that has pricing experience and you'll also get involved with forecasting and be responsible for filing work for our small group business. Demonstrate understanding of complex actuarial functions and industry related issues. Influence, recommend and implement actuarial policy and processes. May represent Actuarial on interdepartmental teams. Overall mission of Actuarial is to protect Aetna's financial integrity with sound reserving and risk management practices as well as product designs that meet customer needs and pricing that produces returns to shareholders commensurate with the risks undertaken. Actuarial is responsible for anticipating and recognizing matters that materially affect financial integrity and making sound, unbiased reports on these issues.

Fundamental Components:
Leadership: - Management of Resources- Successfully manage projects and initiatives to conclusion. Exhibit innovative use of resources. - Scope of Decision Making- Exercise decision making within scope of authority. - Risk Assessment- Demonstrate in-depth understanding of specific risks. Share results of analysis with management. - Pricing, Trend & Benefit Design- Oversee development of pricing and trend for product and/or services. Understand and communicate financial impact to management. Technical Proficiency: - Use of Technology- Develop creative technical solutions to a variety of problems. Stay apprised of technical innovations as potential solutions for actuarial issues and concerns. - Verbal and Written Communication- Address complex inquiries. Prepare communications for internal and external constituents. Maintain accurate documentation and manage training and user support for tools and processes. Interaction with Constituents- Independently collaborate with internal and external constituents.

BACKGROUND/EXPERIENCE desired:
Bachelor's degree along with 5+ years relevant experience.
Must be an ASA (Associate of the Society of Actuary) or FSA and is typically a member of the American Academy of Actuaries (or other accredited actuarial organization) able to sign state rate filings and other required actuarial certifications.
Must have pricing experience
Preference if you have small group or individual experience

EDUCATION
The highest level of education desired for candidates in this position is a Bachelor's degree or equivalent experience.

LICENSES AND CERTIFICATIONS
Actuarial/Associate of the Society of Actuaries is required
Actuarial/Member of the American Academy of Actuaries is desired
Actuarial/Fellow of the Society of Actuaries is desired


FUNCTIONAL EXPERIENCES
Functional - Actuarial/Financial actuarial analysis/4-6 Years
Functional - Actuarial/Pricing: fee & expense/4-6 Years
Functional - Actuarial/Risk analysis/management/4-6 Years
Functional - Actuarial/Modeling & tool development/4-6 Years


REQUIRED SKILLS
Finance/Delivering Profit and Performance/ADVANCED
General Business/Demonstrating Business and Industry Acumen/ADVANCED
Leadership/Collaborating for Results/ADVANCED


DESIRED SKILLS
Finance/Managing Aetnas Risk/ADVANCED
Finance/Profit and Quality Vigilance/FOUNDATION
General Business/Communicating for Impact/ADVANCED


ADDITIONAL JOB INFORMATION
This position reports to the California Market Actuary and manages actuarial functions for the Southern and Northern California markets. Primary responsibilities include medical pricing, forecasting, filing preparation, earnings analysis, IBNR reserve work, trend analysis and rating factor analysis. The ideal candidate will have strong technical skills and strong skills in the areas of collaboration, communication, innovation, and risk management.

Aetna is about more than just doing a job. This is our opportunity to re-shape healthcare for America and across the globe. We are developing solutions to improve the quality and affordability of healthcare. What we do will benefit generations to come.

We care about each other, our customers and our communities. We are inspired to make a difference, and we are committed to integrity and excellence.

Together we will empower people to live healthier lives.

Aetna is an equal opportunity & affirmative action employer. All qualified applicants will receive consideration for employment regardless of personal characteristics or status. We take affirmative action to recruit, select and develop women, people of color, veterans and individuals with disabilities.

We are a company built on excellence. We have a culture that values growth, achievement and diversity and a workplace where your voice can be heard.

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

Aetna takes our candidates'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.


Potential Telework Position:
No

Percent of Travel Required:
0 - 10%

Click To Review Our Benefits (PDF)

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