Senior Manager, Actuarial

We're building a world of health around every individual - shaping a more connected, convenient and compassionate health experience. At CVS Health, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger - helping to simplify health care one person, one family and one community at a time.

Lead Actuary - Commercial Pharmacy Strategy

Play a key role in shaping the future of CVS Health's Commercial pharmacy business while driving meaningful impact on financial performance and member outcomes.

As a Lead Actuary, you will guide a high-performing team in developing innovative formulary strategies and delivering critical insights that inform pricing, product design, and policy decisions. This is a highly visible role with opportunities to influence senior leadership and collaborate across the enterprise.

What You'll Do

• Lead & Inspire: Manage and mentor a team of actuarial analysts, fostering growth, prioritizing work, and driving high-quality deliverables.
• Shape Strategy: Evaluate and optimize Commercial formulary strategies, including drug tiering and utilization management, balancing cost, access, and rebate optimization.
• Drive Insightful Analysis: Perform complex actuarial and financial analyses to support pharmacy rating, product development, and strategic decision-making.
• Assess Impact: Analyze the financial implications of product innovations, legislative changes, and evolving formulary coverage policies.
• Deliver Value: Design and execute data-driven studies that translate into actionable recommendations for business stakeholders.
• Influence Leaders: Present clear, compelling insights to senior leadership and cross-functional partners, helping guide strategic direction.
• Own Outcomes: Set priorities, lead projects from concept through execution, and ensure timely, high-impact results.

What Makes This Role Exciting

• High Visibility & Impact - Directly influence business strategy and financial performance.
• Strategic Leadership - Combine technical actuarial expertise with people leadership and business acumen.
• Complex, Meaningful Work - Tackle rapidly evolving challenges at the intersection of healthcare, pharmacy, and policy.
• Collaborative Environment - Partner with diverse teams across finance, clinical, product, and policy.

Required Qualifications

• Bachelor's degree and 5+ years of actuarial experience
• Strong communication skills & problem-solving skills
• Experience w/Microsoft Office suite, especially Excel
• Demonstrated technical/analytical skills and attention to detail
• Ability to work east coast times

Preferred Qualifications

• ASA or FSA desired
• SQL experience
• Prior pharmacy knowledge or experience

Education

Bachelor's degree or equivalent

This remote role is located only in the US and does not currently support sponsorship.

Pay Range

The typical pay range for this role is:

$106,605.00 - $260,590.00

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. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.

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 offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.

Additional details about available benefits are provided during the application process and on Benefits Moments.

We anticipate the application window for this opening will close on: 07/27/2026

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.