Actuarial Development Program

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.

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

Starting Salary: $72,000

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

Location: Hartford, CT; Blue Bell, PA; Atlanta, GA; Chicago , IL

Sponsorship:

Work visa sponsorship is not available for this role. This includes participation in Curricular Practical Training (CPT), Optional Practical Training (OPT), and F-1 Visa programs.

Locations: This program has positions available at multiple office locations across the country and offers the flexibility of working 2-3 days in the office (hybrid arrangement). These locations offer you the opportunity to work in offices that have fellow program professionals. Should you accept a position in this program, we will take your preferred office location into consideration and will attempt to accommodate it. Your final work location will be shared with you closer to your start date. Office locations available for this program include: Hartford, CT; Blue Bell, PA; Atlanta, GA; Chicago, IL.

About this business area:

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, organizes, and analyzes 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 an identified Actuarial hub (Hartford CT, Blue Bell PA, Atlanta, GA or Chicago