[Hiring] Risk & Underwriting Senior Advisor @The Cigna Group

Role Description

The job profile for this position is Risk & Underwriting Senior Advisor, which is a Band 4 Senior Contributor Career Track Role.

Are you looking for a career that will directly impact business outcomes and earning results? If you’re looking to add value, make an impact, and use strong analytical and math skills in a fast-paced environment, a career within the Underwriting & Analytics team at Evernorth will allow you to do all this and more. As part of our Underwriting team, you will directly impact our business on a daily basis, protecting Cigna‘s sound financial position which enables us to meet our financial commitments to our customers.

The Risk & Underwriter Senior Advisor role will be responsible for all underwriting activities in supporting Sales and Account Management (SAM) for renewing a portfolio of clients and for new sales clients. The Risk & Underwriter Senior Advisor will develop client-specific pricing strategies with competitive offers in the marketplace for all requests. These requests may include:

• Request for Proposals (RFPs)
• Direct Renewals
• Market Checks

The Risk & Underwriter Senior Advisor will also provide underwriting support for ad hoc and complex analyses with a potential financial impact. The Risk & Underwriter Senior Advisor will be required to gain in-depth knowledge of the PBM Industry and ESI-specific underwriting methods.

What you’ll be doing in this role:

• Provides expert content/professional leadership on complex Risk & Underwriting assignments/projects
• Manages assigned book of business focused on attaining profitable growth, persistency, and earnings
• Performs case-specific risk assessments
• Performs account level rate development and conducts customer negotiations with Sales on a more complex book of business
• Develops and monitors account earnings plans to achieve growth and profitability
• Develops strategic recommendations related to market competition, products and pricing
• Partners with sales department and brokers to deliver customer presentations and acts as financial consultant on case-specific issues
• Influences underwriting best practice and provides input to matrix partners on product development and pricing
• Conducts ad hoc analyses which have a potential financial impact (i.e. evaluating a change in formulary request, evaluating a change in retail network or retail arrangement requests, evaluating a change in specialty arrangement request, etc.)
• Advise on contracting process and install process for renewing and new sales clients
• Responsible for effectively communicating with Leadership, SAM and other business partners in the delivery of ESI opportunities to grow and manage financial results, including the preparation of strategic directed presentations
• Manage portfolio of clients to Strategic Plan and Budget targets by managing client specific rate relief
• Ensure client contract compliance by reviewing and approving financial performance guarantees
• Participate in department and company projects

Qualifications

• Bachelor’s degree in Business Administration with a preference for the following major and/or minors: Risk Management, Economics, Statistics, Mathematics, or Finance
• 7+ years of risk and/or underwriting experience
• Financial/analytical mindset
• Experience in Pharmacy Benefits Manager (PBM), Managed Care, Healthcare, Pharmaceutical preferred
• Strong interpersonal and presentation skills
• Strong analytical and problem-solving skills
• Ability to support own position with data and rationale, while being open to possibility that it may need to be re-examined
• Ability to build partnerships and work collaboratively with others to meet shared objectives
• Ability to make good and timely decisions by interpreting and applying understanding of key financial indicators
• Strong motivation to persevere despite challenges
• Excellent verbal and written communication skills
• Business acumen with leadership, innovative thinking, and customer centric mindset
• Self-starter; able to work on multiple projects simultaneously
• Strong ability with Microsoft Office Platforms and Proficient in SQL

Requirements

• If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.

Benefits

• Comprehensive range of benefits, with a focus on supporting your whole health
• Health-related benefits including medical, vision, dental, and well-being and behavioral health programs
• 401(k)
• Company paid life insurance
• Tuition reimbursement
• A minimum of 18 days of paid time off per year and paid holidays