Risk & Underwriting Senior Advisor

Cigna Healthcare•St. Louis, MO

23h

About The Position

This career within the Underwriting & Analytics team at Evernorth offers the opportunity to directly impact business outcomes and earning results by adding value, making an impact, and utilizing strong analytical and math skills in a fast-paced environment. As part of the Underwriting team, the role directly impacts the business daily, protecting Cigna’s sound financial position to meet financial commitments to customers. The Risk & Underwriter Senior Advisor is responsible for all underwriting activities supporting Sales and Account Management (SAM) for renewing a portfolio of clients and for new sales clients. This includes developing client-specific pricing strategies with competitive offers for various requests such as Request for Proposals (RFPs), Direct Renewals, and Market Checks. The role also provides underwriting support for ad hoc and complex analyses with potential financial impact and requires gaining 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