Actuarial Lead Analyst - Medicare

$84,900 - $141,500/Yr

Cigna - Chicago, IL

Full-time - Mid Level

Hybrid - Chicago, IL

5,001-10,000 employees

Insurance Carriers and Related Activities

About the position

The Actuarial Lead Analyst - Medicare role at Cigna Healthcare involves performing actuarial analyses for the Medicare Advantage business. This includes medical expense analyses, financial forecasts, and the development of Medicare Part C bids. The position requires strong analytical skills and the ability to communicate results effectively to management and associates, while also participating in team meetings and presenting findings to various stakeholders.

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 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.
• Own the methodology and development of actuarial assumptions used in bid pricing.
• Present results to a variety of 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 specifically in Excel.
• Strong mathematical, financial, and statistical skills.
• Detail-oriented and able 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

• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid holidays
• Paid time off
• Smoking cessation program
• Tuition reimbursement
• Minimum of 18 days of paid time off per year