Senior Manager, Actuarial

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The Senior Manager, Actuarial is responsible for pricing and risk management for the Professional Employer Organization (PEO) segment.

Responsibilities and Duties

• Anticipate and recognize matters that materially affect financial results and make sound, unbiased recommendations.
• Support pricing and renewal strategy for assigned PEO customers, including annual renewal analyses, rate increase recommendations, rebanding, ratebook development, and customer-specific pricing strategies.
• Serve as the data expert for the PEO actuarial team and primary liaison with key internal contacts across IT and Medical Economics.
• Monitor portfolio performance, emerging experience trends, medical loss ratio, membership growth, premium adequacy, profitability, and other key financial drivers to identify risks and opportunities.
• Lead and conduct actuarial studies and ad hoc analyses evaluating growth, pricing effectiveness, risk selection, customer performance, and performance drivers requiring corrective action.
• Serve as a trusted advisor to PEO executives, consultants, brokers, account teams, underwriting leaders, finance partners, and senior CVS Health/Aetna leadership on pricing, underwriting, and risk management matters.
• In addition to personal case load, manage staff of 1-2 actuaries and/or underwriters to support smaller customers.

Required Qualifications

• Bachelor's degree required along with 5+ years relevant work experience in actuarial or related fields with:
• Associate of the Society of Actuaries (ASA) designation.
• Experience in creating and delivering claim and/or performance reporting.
• Strong understanding of employer-sponsored medical insurance.
• Proficiency in SQL or similar languages to query and manipulate data.
• Strong communication skills for internal collaboration and external customer interactions.

Preferred Qualifications

• Knowledge of PEO industry and dynamics.
• Knowledge of Small Group and Large Group distinctions and nuances.
• Knowledge of medical underwriting.
• Experience managing staff.
• Fellow of the Society of Actuaries (FSA).

Pay Range

The typical pay range for this role is: $130,295.00 - $260,590.00

Benefits

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.