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Risk and Underwriting Senior Analyst at Cigna

Posted in General Business 30+ days ago.

Type: Full-Time
Location: Franklin Lakes, New Jersey





Job Description:

We value our talented employees, and whenever possible strive to help one of our associates grow professionally before recruiting new talent to our open positions. If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.

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, starting your career within the Underwriting & Analytics team at Express Scripts 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 & Underwriting Lead Analyst role will be responsible for all pricing activities in supporting Sales and Account Management (SAM) for renewing and new sales clients. The Risk & Underwriting Lead Analyst 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 and Market Checks. The Risk & Underwriting Lead Analyst will also provide pricing support for all ad hoc analyses (i.e. evaluating a change in formulary request, evaluating a change in retail network or retail arrangement request retail requests, evaluating a change in specialty arrangement request, etc.) with a potential financial impact. The Risk & Underwriting Lead Analyst will be required to gain in-depth knowledge of the PBM Industry and ESI-specific pricing methods. The Risk & Underwriting Lead Analyst will be required to follow the Pricing Guidelines provided by ESI's Pricing Governance Team.

What you'll do:


  • Provide pricing support to SAM for renewing and new sales clients by developing client-specific pricing strategies with competitive offers in the marketplace for RFPs, Direct Renewal and Market Checks.


  • Provide pricing support to SAM for all ad hoc analyses which have a potential financial impact.


  • Provide support related to contracting process and install process for Commercial Division renewing and new sales clients


  • Work collaboratively with internal partners to ensure we are proposing financial offers in alignment with Pricing Guidelines.


  • Ensure consistent approach to market and BA's


  • Support Strat Plan, Budget, and Forecast development of Rate Relief, Pass-Through Shortfall, and Gross Margin


Qualifications:


  • Bachelor's degree in the following major and/or minors are preferred: Risk Management, Economics, Statistics, Mathematics, or Finance


  • 0-3 Years of work experience


  • Preferred GPA of 3.0 or higher


  • Strong analytical and problem-solving skills


  • Ability to negotiate


  • High comfort level with math/numbers


  • Excellent verbal and written communication skills


  • Strong business acumen with leadership, innovative thinking, and customer centric mindset


  • Strong ability with Microsoft Office and Excel


  • This role is Flex /WFH which allows most work to be performed at home or on occasion at a Cigna office location . Employees must be fully vaccinated if they choose to come onsite.


About Cigna

Cigna Corporation exists to improve lives. We are a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Together, with colleagues around the world, we aspire to transform health services, making them more affordable and accessible to millions. Through our unmatched expertise, bold action, fresh ideas and an unwavering commitment to patient-centered care, we are a force of health services innovation. When you work with us, or one of our subsidiaries, you'll enjoy meaningful career experiences that enrich people's lives. What difference will you make?

Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.

If you require reasonable accommodation in completing the online application process, please email: SeeYourself@cigna.com for support. Do not email SeeYourself@cigna.com for an update on your application or to provide your resume as you will not receive a response.





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