Risk & Underwriting Advisor - Express Scripts - Remote

Cigna HealthcareNew Jersey Work at Home, NJ
$88,700 - $147,800Remote

About The Position

The Risk and Underwriting Advisor, Retail Network will partner with other Supply Chain teams and cross-functional stakeholders to strategize and deliver client-specific retail network modeling optimization for new business, market checks and renewals. These teams include: Retail Network Underwriting Analysis, Product, Sales & Account Management (SAM), Core Underwriting, Next Generation Engine (NGE) Support among others. As a part of this team, the Advisor will work with leadership to identify and drive not only modeling improvements but also overall process improvements in the retail network and Supply Chain areas. Internally recognized and trusted as the retail network subject matter expert.

Requirements

  • Bachelor’s degree in Finance, Statistics, Mathematics, Economics, or equivalent work experience
  • 3+ years of extensive experience in Healthcare, Financial Analysis, or related area
  • Proficient with Microsoft Excel
  • Demonstrate modeling, trending and forecasting skills
  • client guarantee underwriting knowledge preferred
  • Proven ability to work collaboratively in complex matrix organizations and agile teams
  • Blend creativity, relentless problem-solving and business acumen to drive innovation through analytics
  • Strong verbal/written communication skills to work with various matrix partners

Nice To Haves

  • Experience with SQL/SAS/Access a plus
  • Knowledge of PBM or Healthcare industry preferred

Responsibilities

  • Collaborate with SAM and Core Underwriting teams to understand current client financial position, RFP requirements and retail network approach as well as strategic options for market checks, renewals and new business
  • Ideate and propose strategic retail network optimization opportunities and understand long-term benefits and challenges associated with those optimization opportunities
  • Support Retail Underwriting team leadership by reviewing key / complex client retail network modeling and "translating" modeling primary components and assumptions into concise and understandable format and messaging for leadership reviews and Pricing Committee
  • Evaluate client data, create scenarios, and provide expert modeling and guidance for existing and new clients in alignment with department strategic objectives that drive value to both clients and Express Scripts
  • In collaboration with Retail Underwriting leadership, Core Underwriting and SAM discuss any potential custom or narrow network options under evaluation to ensure that all modeling and requirements of these network are accurately represented and in alignment with provider contracts
  • Partner with Core Underwriting to analyze the financial impact of client requested network changes to both the client and Express Scripts
  • Strategize with cross-functional areas of Express Scripts, including but not limited to Account Management, Core Underwriting, Product, Finance, and New Sales
  • Participate in interdepartmental team calls as required to discuss retail network financials
  • Assist in documenting best practices / SOPs for retail network modeling team
  • Assist with optimization of work processes for retail modeling strategies and achievement of department goals
  • Work on special projects and presentations as needed for the Retail Underwriting team

Benefits

  • medical
  • vision
  • dental
  • 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
  • paid holidays
  • leaves of absence
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