Actuarial Lead Analyst - Remote

Cigna - Chicago, IL

Full-time - Mid Level

Hybrid - Chicago, IL

Insurance Carriers and Related Activities

About the position

The position involves performing actuarial analyses for the Medicare Advantage business, focusing on medical expense analyses, financial forecasts, and bid development. The role requires strong analytical skills to support the pricing and regulatory aspects of Medicare, with an emphasis on communication and collaboration with various stakeholders.

Responsibilities

• Perform medical expense analyses and projections for Medicare Advantage business.
• Develop financial forecasts and Medicare Part C bid documentation.
• Support cross-market review of bids and update forecasting 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 various matrix partners.

Requirements

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

Nice-to-haves

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

Benefits

• Medical insurance
• Vision insurance
• Dental insurance
• Well-being and behavioral health programs
• 401(k) with company match
• Company paid life insurance
• Tuition reimbursement
• Minimum of 18 days of paid time off per year
• Paid holidays
• Annual bonus plan