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Cigna

Cigna

Business Analytics Lead Analyst (Actuarial Data Strategy & Solutions - Repricing)

Business Analytics Lead Analyst (Actuarial Data Strategy & Solutions - Repricing)

Job Details
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Uploaded On
November 9, 2023
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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
""
Recommend to a Friend
68%
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Overall Score
3.7 / 5

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Summary

We are seeking a self-motivated and inquisitive business analytics professional with a strong desire to learn to join our team. This individual should be a team player who enjoys working in a dynamic environment.

As part of Actuarial Data Strategy & Solutions, the Repricing team supports Cigna's pre-sale and re-sale process and is responsible for medical claim repricing analysis and RFP responses typically related to network financial information such as network discounts, medical utilization statistics and medical trend.

This role will support the development and analysis of Cigna's repricing data, tools and methodology. This position will also develop and maintain internal analysis and reporting to assist management in data review and will also participate in projects and ad-hoc analysis as needed.

Responsibilities
  • Respond to Medical claim re-pricings and RFP requests
  • Verify appropriateness of results and ensure accuracy of data analysis and reporting by creating appropriate data checks and internal review documents and tools
  • Conduct audits to ensure financial controls are maintained
  • Create, modify, and maintain SAS/SQL coding to accommodate data requests and changes
  • Create, modify, and maintain databases and reporting tools (Excel and Access). Recommend improvements in financial reporting systems as appropriate
  • Develop new tools and reports and review existing tools and reports to account for evolving business needs, including implementing process changes to optimize efficiency and results using automation where appropriate
  • Perform research and analysis of key drivers and changes and communicate results to project lead and management
  • Conduct or participate in moderate to complex financial analysis projects and/or reporting
  • Conduct ad hoc analysis in response to internal/external questions and assist with case level analysis and requests as needed
  • Develop a thorough knowledge of systems, processes and methodologies and communicate those to technical and non-technical audiences
  • Develop and maintain documentation on all processes and tools
  • Assist in the education of sales and underwriting on the claim repricing process and interpretation of results
  • Assist in the education and training of new team members
  • Cultivate and maintain working relationships with all internal and external partners
  • Function independently with general supervision in a fast-paced environment
  • Utilize independent judgment and discretion to identify variances and key issues


Qualifications
  • 2+ years' of experience in healthcare analytics with a general knowledge of healthcare insurance industry, terminology and/or systems
  • Experience querying and manipulating large sets of data using Intermediate to Advanced level Microsoft Excel and Access
  • SQL/SAS coding skills preferred (but not required)
  • Strong analytical and problem-solving skills
  • Able to think critically and improve processes to optimize results
  • Proven ability to apply quality checks to ensure data integrity
  • Proven ability to quickly learn new applications, processes and procedures
  • Strong verbal and written communication skills
  • Able to independently prioritize and manage multiple responsibilities while meeting deadlines


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 72,800 - 121,400 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 The Cigna Group

Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we're dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. 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.

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