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Cigna

Cigna

Actuarial Lead Analyst

Actuarial Lead Analyst

Job Details
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Uploaded On
June 9, 2024
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Location
Bloomfield, United States
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Remote?
No
Company Overview
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Headquarters
Bloomfield, CT
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Number of Employees
70000
Estimated Number of Actuaries
317
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
68%
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Overall Score
3.7 / 5
Cigna's Government Pharmacy line of business is a critical driver of enterprise earnings and ongoing Medicare growth. The Medicare Part D Actuarial organization currently drives a wide range of analytics focused on customer growth, retention, value, product design, and distribution. This role presents an opportunity to extend and enhance that work to drive insights that span across the Medicare Part D landscape.

As a dedicated analytics partner for the Government Pharmacy team, this person will become a trusted thought leader, responsible for developing analytical outputs and communicating the results to senior business leaders. In particular, they will develop our Government Pharmacy data infrastructure, advance a more granular understanding of customer economics across enterprise value levers, develop more sophisticated modeling to forecast customer retention, lifetime value and purchasing behavior.

The right candidate will have a deep analytics background, strong technical skills, financial acumen, familiarity with Medicare Part D and experience collaborating with business leadership. The person in this role will be comfortable working in a fast-paced, changing environment, managing through ambiguity, and translating between strategic objectives and analytical insights.

Responsibilities:
  • Create tables within our Teradata and SAS environment that consolidates historical Government Pharmacy data
  • Consult and collaborate with business leadership, product, finance, actuarial, sales, and marketing teams to identify business challenges and opportunities that can be addressed through consumer insights and analytical tools
  • Support strategic decision-making (e.g. new product development, distribution strategy, customer retention investments, cross-business initiatives, etc.) with data-driven insights
  • Develop and produce standardized reporting packages/tools, with a particular focus on customer sales, retention, and cohort economics
  • Develop subject-matter expertise in Government Pharmacy data sources and provide perspective on next-gen data infrastructure needed
  • Support insights and analytics collaboration opportunities across the Medicare segment, including Medicare Advantage and Medicare Supplement lines of business
  • Perform other ad-hoc analyses as needed


Qualifications:
  • Bachelor's Degree preferred, ideally in a quantitative field (e.g. mathematics, statistics, data science, business, MIS, actuarial science, finance, etc.)
  • ASA designation preferred but not required
  • Prior pharmacy analytics or actuarial experience preferred, experience with Medicare Part D preferred
  • Strong database and querying skills (e.g. SQL, Teradata, SAS etc.)
  • Proven track record of extracting meaningful insights from large and complex data sets
  • Strong financial acumen, including demonstrated ability to translate between financial modeling and business insights
  • Demonstrated experience working with non-technical business partners in consultative manner
  • Strong customer focus and management of business partner expectations
  • Strong communication skills (e.g. experience translating complex analyses into easy-to-follow slides/materials)


If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.

For this position, we anticipate offering an annual salary of 84,900 - 141,500 USD / yearly, depending on relevant factors, including experience and geographic location.

This role is also anticipated to be eligible to participate in an annual bonus plan.

We want you to be healthy, balanced, and feel secure. That's why you'll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you'll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer 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. For more details on our employee benefits programs, visit Life at Cigna Group.

About Cigna Healthcare

Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.

Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.

If you require reasonable accommodation in completing the online application process, please email: SeeYourself@cigna.com for support. Do not email SeeYourself@cigna.com for an update on your application or to provide your resume as you will not receive a response.

The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
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Working at 

Cigna

Cigna is a globally recognized health services company committed to improving the health and well-being of individuals and communities. With a strong presence in over 30 countries, Cigna offers a diverse range of insurance products and services, including medical, dental, behavioral health, pharmacy, and disability coverage. As an actuary at Cigna, you'll be a key player in managing and assessing risks. Actuaries at Cigna utilize advanced statistical models and data analysis techniques to evaluate healthcare trends, develop pricing strategies, and ensure the financial stability of the company's offerings. They provide valuable insights that support evidence-based decision-making and drive positive health outcomes.