Risk & Underwriting Senior Advisor - Evernorth - HYBRID

The Cigna Group•Bloomfield, CT

2d•Hybrid

About The Position

The Risk and Underwriting Senior Advisor role will be responsible for all pricing activities in supporting Sales and Account Management (SAM) for renewing and new sales clients. The Risk and Underwriting Senior Advisor will develop client-specific pricing strategies with competitive offers in the marketplace for all requests, including understanding and driving toward alternate pricing models. These requests may include Request for Proposals (RFPs), Direct Renewals, Coalition Support, and Market Checks. The expectation is that the Risk and Underwriting Senior Advisor will lead more strategic and complex pricing activities as well as provide training and support to Pricing Analysts and Senior Pricing Analysts for their activities. The Risk and Underwriting Senior Advisor 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 and Underwriting Senior Advisor will be required to gain in-depth knowledge of the PBM Industry, industry trends, and ESI-specific pricing methods. The Risk and Underwriting Senior Advisor will be required to follow the Pricing Guidelines provided by ESI’s Pricing Governance Team.

Requirements

Bachelor’s degree in Economics, Statistics, Mathematics, Finance, or equivalent work experience.
5+ years relevant work experience in pricing and/or underwriting.
Strong analytical and problem solving skills, advanced ability with Microsoft Office & Excel.
Entrepreneurial attitude; Ability to take ownership and deliver results; Experience in deal pricing and optimization or underwriting; Strong understanding of client analytics, financials, and value trade offs.
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.

Responsibilities

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 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.
Provide training and support to other Junior/Senior Risk and Underwriting Analysts for their activities.
Solves complex problems.
Takes a new perspective using existing solutions.
Provides input on new solutions.
Works independently and receives minimal guidance.
Develops strong relationships with internal and external partners.
Represents the organization in providing solutions to difficult technical issues associated with specific projects.
Ensure pricing model accuracy by reviewing, analyzing and reporting for all pricing requests.