Job Information
The Cigna Group Actuarial Senior Manager – Medicare Pricing in Philadelphia, Pennsylvania
Cigna Supplemental Benefits (CSB) has been growing rapidly with Medicare Supplement (MedSupp) annual revenues now exceeding $1.2b. The Medicare Supplement industry is highly competitive, challenging but also exciting with complications of state specific dynamics, the growing senior population, and other macro factors. Serving as the pricing team leader for our continued new product launches and focus on innovation, this role brings substantial insights and impacts to support growth and success of CSB.
Responsibilities:
Accountability for executing new business pricing strategy to drive profitable growth in the Medicare Supplement marketplace. Effectively communicate pricing strategy, positions, and changes to senior leadership and matrix partners.
Drive improvements in actuarial assumption setting, pricing methodology and end to end procedures. Maximize the efficiency to shorten the duration of full pricing cycle for new product launches.
Support senior exchange MedSupp product refresh strategy. Closely monitor the risk profile shifts on the senior exchange and propose strategical updates accordingly.
Take full ownership of new product filing execution. Ensure on time submission of rate filings, objection responses and secure approval of rate filings.
Work with matrix partners to monitor the leading indicators and early performance to evaluate the quality of new business sold. Be ready to identify the root cause of observed issues and provide timely solutions with clear next steps to follow.
Serve as innovation lead for MedSupp pricing projects. Through partnership with division leadership, identify opportunities to drive differentiation of our product offerings within regulatory constraints.
Maintain and develop a strong pricing team with a staff of two actuarial professionals. Champion the continuous improvement mindset, and knowledge sharing with other teams.
Qualifications:
Bachelors degree in Actuarial Science, Mathematics, Statistics, Finance or related field
6-8+ years of actuarial experience in related field strongly preferred
FSA preferred; qualification to sign rate filings required
MedSupp experience is preferred but not required
Strong analytical and problem solving skills
Strong ability to partner and communicate with variety of non-actuarial audiences
Strong ability to coach and develop talents
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.
For this position, we anticipate offering an annual salary of 136,000 - 226,600 USD / yearly, depending on relevant factors, including experience and geographic location.
This role is also anticipated to be eligible to participate in an annual bonus plan.
We want you to be healthy, balanced, and feel secure. That’s why you’ll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you’ll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer 401(k) with company match, company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year and paid holidays. For more details on our employee benefits programs, visit Life at Cigna Group .
About Cigna Healthcare
Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.
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.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.