Actuarial Senior Analyst

Cigna - Philadelphia, PA

Full-time - Entry Level

Hybrid - Philadelphia, PA

Insurance Carriers and Related Activities

About the position

The Actuarial Senior Analyst at Cigna Group is responsible for performing actuarial analyses specifically for the Medicare Advantage business. This role involves conducting medical expense analyses, financial forecasts, and supporting documentation for Medicare Part C bid development, as well as regulatory filings and actuarial modeling. The analyst will communicate updates and results to management and associates, ensuring effective collaboration and support for cross-market reviews of bids.

Responsibilities

• Perform actuarial analyses for Medicare Advantage business, including medical expense analyses and projections.
• Develop and support documentation for Medicare Part C bid development.
• Conduct financial forecasts and regulatory (CMS) filings.
• 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 and internal meetings, presenting on specific topics as needed.

Requirements

• Bachelor's Degree in Actuarial Science, Economics, Mathematics, or related field strongly preferred.
• 1-3+ years of actuarial or 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; proficiency in written and verbal communication.
• Ability to identify problem areas and implement solutions.
• Healthcare / Medicare experience preferred.
• Proficiency in SQL preferred.

Nice-to-haves

• Experience with healthcare or Medicare systems.
• Familiarity with regulatory requirements for Medicare Advantage.

Benefits

• Comprehensive health-related benefits including medical, vision, and dental coverage.
• 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.
• Eligibility to participate in an annual bonus plan.