Risk and Underwriting Senior Manager-Cigna Pharmacy
Role Summary:
Responsible for implementing the Go to Market Pharmacy strategy by guiding the pharmacy underwriters through account level rate development, directly supporting underwriting and pricing for high-impact cases, and working to develop strategic recommendations related to market competition and pricing. The Cigna Pharmacy Underwriting Senior Manager will focus on direct management and mentoring of a team of pharmacy underwriters and will support the underwriters in driving market growth strategies goals and personal development of competencies and skills.
Key Responsibilities:
Deploy tactics to execute strategy and achieve earnings and growth
Responsible for supporting the development and achievement of business plans and supporting setting strategic direction
Assist in broker/client development and assist underwriter in high-risk negotiations
Provide risk and financial insights to make better case decisions
Conduct regular touch point meetings with Pharmacy Pricing and Go-To-Market team to gain feedback, take actions on strategic objectives and provide guidance
Identify and drive process improvements to increase speed to market on quote delivery and case implementation.
Provide a broad risk management perspective to all strategic conversations
Develop processes and disciplines around monitoring and assessing risk in decisions.
Always start with and end with customer/client needs, when developing consultative, innovative and affordable solutions and contemplating the resultant risk.
Act as a change agent in insuring the effective implementation of key business priorities.
Develop direct reports; provide opportunities for project work, coach and provide on-going formal and informal feedback, ensure development plans are in place.
Demonstrate a “player–coach” mindset—balancing people leadership with active contribution to case strategy and execution.
Be a team player. Proactively share ideas and best practices with peers. Challenge when appropriate.
Invest in your own personal development. Update job knowledge, seek educational opportunities, read relevant industry news, maintain professional networks
Qualifications:
Bachelor's degree in actuarial science, statistics, accounts, finance or economics or related fields is preferred.
5+ years experience in an Underwriting/actuarial or financial role
Possesses analytical skills to interpret, evaluate and communicate financial results
Ability to lead a team of peers to consensus
Knowledge of Pharmacy Underwriting Policies & Procedures preferred
Demonstrated experience executing well, acting with sense of urgency and multitasking
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 120,500 - 200,900 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.
At The Cigna Group, 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), 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, click here.
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 need a reasonable accommodation to complete the online application process, please email [email protected] for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.
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.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.
Apply To This Job
Responsible for implementing the Go to Market Pharmacy strategy by guiding the pharmacy underwriters through account level rate development, directly supporting underwriting and pricing for high-impact cases, and working to develop strategic recommendations related to market competition and pricing. The Cigna Pharmacy Underwriting Senior Manager will focus on direct management and mentoring of a team of pharmacy underwriters and will support the underwriters in driving market growth strategies goals and personal development of competencies and skills.
Key Responsibilities:
Deploy tactics to execute strategy and achieve earnings and growth
Responsible for supporting the development and achievement of business plans and supporting setting strategic direction
Assist in broker/client development and assist underwriter in high-risk negotiations
Provide risk and financial insights to make better case decisions
Conduct regular touch point meetings with Pharmacy Pricing and Go-To-Market team to gain feedback, take actions on strategic objectives and provide guidance
Identify and drive process improvements to increase speed to market on quote delivery and case implementation.
Provide a broad risk management perspective to all strategic conversations
Develop processes and disciplines around monitoring and assessing risk in decisions.
Always start with and end with customer/client needs, when developing consultative, innovative and affordable solutions and contemplating the resultant risk.
Act as a change agent in insuring the effective implementation of key business priorities.
Develop direct reports; provide opportunities for project work, coach and provide on-going formal and informal feedback, ensure development plans are in place.
Demonstrate a “player–coach” mindset—balancing people leadership with active contribution to case strategy and execution.
Be a team player. Proactively share ideas and best practices with peers. Challenge when appropriate.
Invest in your own personal development. Update job knowledge, seek educational opportunities, read relevant industry news, maintain professional networks
Qualifications:
Bachelor's degree in actuarial science, statistics, accounts, finance or economics or related fields is preferred.
5+ years experience in an Underwriting/actuarial or financial role
Possesses analytical skills to interpret, evaluate and communicate financial results
Ability to lead a team of peers to consensus
Knowledge of Pharmacy Underwriting Policies & Procedures preferred
Demonstrated experience executing well, acting with sense of urgency and multitasking
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 120,500 - 200,900 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.
At The Cigna Group, 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), 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, click here.
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 need a reasonable accommodation to complete the online application process, please email [email protected] for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.
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.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.
Apply To This Job