Risk & Underwriting Senior Advisor
About The Position
The job profile for this position is Risk & Underwriting Senior Advisor, which is a Band 4 Senior Contributor Career Track Role. 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 and 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.
Requirements
- 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
- 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
- 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.
Nice To Haves
- Experience in Pharmacy Benefits Manager (PBM), Managed Care, Healthcare, Pharmaceutical preferred
Responsibilities
- 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
Benefits
- comprehensive range of benefits, with a focus on supporting your whole health
- 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
- eligible to participate in an annual bonus plan
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What This Job Offers
Job Type
Full-time
Career Level
Senior
