Lead Director; Actuarial - Medicare Part D

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.

The Lead Director drives strategic market support, continuous improvement, and transformation across actuarial, pricing, and benefit design functions for Individual Medicare Part D (MAPD/PDP) offerings. This director leads technical, operational, and people excellence in a highly regulated environment.

• Manage, develop, and inspire a team of direct reports, cultivating a culture of high performance and professional growth.
• Serve as the primary relationship leader for external vendors, overseeing the development process for Aetna’s Part D Bids and managing vendor performance.
• Lead desk review and bid audit coordination with external vendors and CMS.
• Provide strategic support through regulatory changes, controlling for selection risk.
• Lead alternative benefit modeling, scenario testing, and demonstration project analyses, influencing plan design and market positioning.
• Oversee comprehensive MAPD/PDP landscape reviews and synthesize competitive trends and regulatory shifts.
• Coordinate with business partners to ensure accurate pricing and compliant Medicare Part D Bids.
• Develop and maintain actuarial assumptions—including but not limited to risk score coding, membership, population change, and manual assumptions—ensuring technical rigor and defensibility throughout the pricing process.
• Clearly communicate complex findings and process changes to executive and non-technical audiences.

• Bachelor's degree along with 10+ years of actuarial experience
• ASA or FSA required
• Prior Medicare Part D, pharmacy or Medicare bid experience required
• Demonstrated leadership and project management experience
• Prior people leadership experience
• Demonstrated experience in reviewing regulatory actions and adapting to uncertainty and ambiguity
• Strong communication skills
• Strong technical background

• Strong collaboration skills working across various teams
• Strong organizational skills
• Strong analytic skills, skilled problem solver
• Ability to thrive in a constantly evolving environment with competing priorities and deadlines
• History of improving processes and driving efficiency

• Bachelor's Degree

The Typical Pay Range For This Role Is

$ - $

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.

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit

We anticipate the application window for this opening will close on: 03/06/2026

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