Risk & Underwriting Senior Advisor - Express Scripts - HYBRID

Cigna - Denver, CO

Full-time - Mid Level

Hybrid - Denver, CO

Insurance Carriers and Related Activities

About the position

The Risk and Underwriting Senior Advisor role at The Cigna Group is focused on managing pricing activities to support Sales and Account Management for both renewing and new sales clients. This position involves developing client-specific pricing strategies, leading complex pricing activities, and providing training and support to junior analysts. The advisor will also conduct ad hoc analyses with potential financial impacts and ensure compliance with pricing guidelines.

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.
• 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.
• 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.
• Provide training and support to other Junior/Senior Risk and Underwriting Analysts for their activities.
• Represents the organization in providing solutions to difficult technical issues associated with specific projects.
• Ensure pricing model accuracy by reviewing, analyzing and reporting for all pricing requests.

Requirements

• Bachelor's Degree in Economics, Statistics, Mathematics, Finance.
• 5+ years relevant work experience in pricing and/or underwriting.
• Experience in Pharmacy Benefits Manager (PBM), Managed Care, Healthcare, Pharmaceutical preferred.
• Strong analytical and problem-solving skills, advanced ability with Microsoft Office & Excel.
• Entrepreneurial attitude; Ability to take ownership and deliver results; Experience in deal pricing and optimization or underwriting; Strong understanding of client analytics, financials, and value tradeoffs.

Benefits

• Comprehensive health-related benefits including medical, vision, dental, and well-being and behavioral health programs.
• 401(k) with company match.
• Company paid life insurance.
• Tuition reimbursement.
• A minimum of 18 days of paid time off per year and paid holidays.