Data Scientist, Product & Pricing

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.

Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

The Pricing and Product team’s mission is to build innovative solutions that bring tangible impact to our CVS Health members, clients, and plan sponsors. We accomplish this while offering a diverse work experience that empowers colleagues for career success, collaboration, innovation, caring, integrity, inclusiveness, and accountability.

The position will focus on our Caremark Pharmacy Benefit Management business unit where you work directly with Actuarial, Underwriting, Finance and Sales leaders to ideate and build analytical solutions and implement to show direct impact.

Position Summary:

• Uses strong knowledge of algorithms and predictive models to investigate problems, detect patterns and recommend solutions
• Performs analyses of structured and unstructured data to solve multiple complex business problems utilizing advanced AI and statistical techniques, mathematical analyses, and industry knowledge
• Collaborates with business partners to understand their problems and goals, develops predictive modeling, statistical analysis, data reports and performance metrics
• Develops and participates in written presentations and consultations to various stakeholders on analytics results and solutions

Required Qualifications

• 1+ years of experience in applied data science, or a combination of 6+ months of experience and education at Master’s level, or completion of PhD.
• 1+ years coding experience in Python
• 1+ years of data pipeline creation and data manipulation using Pandas, Dask, SQL or similar

Preferred Qualifications

• 3+ years of relevant data science experience preferably in pricing in insurance or in healthcare in general.
• Experience in building deep learning models, and Object-Oriented Programming skills, preferably in Python
• Strong proficiency in working with large data sets from multiple sources, building machine learning models, and applying statistical analyses in business settings
• Business acumen, and intellectual curiosity about the healthcare insurance business
• Consultative problem-solving skills, effective communication of technical concepts and business implications to non-technical stakeholders
• Ability to anticipate potential challenges and proactively address them in modeling and non-modeling settings

Education

• Bachelor's degree or equivalent work experience in Mathematics, Statistics, Computer Science, Business Analytics, Economics, Physics, Engineering, or related discipline.
• Master's degree preferred

Pay Range

The typical pay range for this role is:

$82,915.00 – $175,100.00

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.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.

For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

We anticipate the application window for this opening will close on: 03/23/2024