Actuarial Lead Analyst - Medicare

$84,900 - $141,500/Yr

Cigna - Bloomfield, CT

Full-time - Mid Level

Hybrid - Bloomfield, CT

Insurance Carriers and Related Activities

About the position

The Actuarial Lead Analyst for Medicare at Cigna Group is responsible for performing actuarial analyses related to the Medicare Advantage business. This includes medical expense analyses, financial forecasts, and the development of Medicare Part C bids. The role requires strong analytical skills and the ability to communicate complex results to management and associates effectively.

Responsibilities

• Perform actuarial analyses for Medicare Advantage business, including medical expense analyses and projections.
• Develop financial forecasts and Medicare Part C bid documentation.
• Support cross-market review of bids and develop/update supporting forecasting and analyses.
• Apply analytical methods using mathematical and statistical models in bid modeling and financial analyses.
• Complete ad hoc assessments and projects for corporate-wide or market-specific initiatives.
• Communicate results of analyses to senior actuarial team members.
• Participate in team meetings and present on specific topics as needed.
• Own the methodology and development of actuarial assumptions used in bid pricing.
• Present results to various matrix partners.

Requirements

• Bachelor's Degree in Actuarial Science, Economics, Mathematics, or related field strongly preferred.
• 3+ years of actuarial/data analytics experience.
• Actively progressing through Society of Actuaries exams strongly preferred.
• Strong technical skills in Excel.
• Strong mathematical, financial, and statistical skills.
• Detail-oriented with the ability to work independently with minimal supervision.
• Strong communication and presentation skills; written/verbal proficiency.
• Ability to identify problem areas and implement solutions.
• Healthcare/Medicare bid experience strongly preferred.
• Proficiency in SQL preferred.

Nice-to-haves

• Experience with healthcare data analytics.
• Familiarity with regulatory (CMS) filings.

Benefits

• Paid holidays
• Health insurance
• Dental insurance
• Tuition reimbursement
• Paid time off
• Smoking cessation program
• Vision insurance
• 401(k) matching
• Life insurance