Cigna Investment Management (CIM) has overall responsibility for the over $30 billion of invested assets for Cigna's Insurance Portfolios and the Cigna Pension Plans. Cigna is a leading global health services and insurance provider and Fortune 100 company whose invested assets include public and private corporate bonds, commercial mortgages, private corporate mezzanine debt and equity, real estate equity, public equity and short-term investments.
What we are looking for:
The Investment Actuary/Portfolio Manager is part of the team that manages Cigna's US insurance, International Insurance and Pension portfolios. This job is an important member of the team supporting the overall team goals and managing their own portfolios. This role will collaborate and work closely with other portfolio managers, business and corporate finance partners, trading, fixed income, alternatives and real estate, accounting, legal, finance and IT teams.
Our ideal candidate has experience in insurance portfolio management or asset liability management, enjoys solving complex problems with smart people, has both big picture thinking and attention to detail and likes working with many different teams.
Key Responsibilities
- Management of assigned portfolios, development of portfolio strategies, monitoring portfolio metrics, managing liquidity, credit, interest rate risks, implementing purchase and sale programs and allocating investments
- Lead development of new models and systems to analyze potential and existing strategies and the impact on regulatory compliance, liquidity management, counterparty exposure, surplus investing and investment income projections
- Participate in CIM infrastructure upgrade project working groups and collaborate across CIM and with Data Team to define, manage and govern essential data for portfolio management
- Work with portfolio analysts to create communication materials such as quarterly reports to clients, presentations for senior management and external stakeholders and portfolio management reports
- Monitor and summarize economics, market themes and market activity for the portfolio management team
- Manage overall allocation process serving as point person for insurance portfolios and communicating with asset teams on deal specifics, relative value and portfolio appetite
- Manage quarterly Net Investment income review and coordinate with CIM finance to incorporate feedback
Minimum Qualifications
- BA/BS in a related subject
- CFA or FSA/ASA required. CPA,MBA or other advanced financial designation a plus
- Minimum of ten years of investment experience
- Demonstrated strong communication skills, intellectual curiosity, sense of urgency, flexibility, organizational agility and interpersonal skills.
- Advanced understanding of pension and insurance investing concepts including ALM, LDI, RBC, regulatory requirements
- Advanced understanding of investment accounting principles and their impact on portfolio management across multiple relevant accounting frameworks such as insurance regulatory, US GAAP, IFRS and tax accounting
- Ability to accommodate limited travel (up to 10%)
- Flexibility to participate in calls after normal business hours with international customers
- This position is located at our corporate headquarters in Bloomfield, CT with a hybrid in-office/work from home arrangement
This position supports Cigna Investments, Inc., an investment adviser registered with the United States Securities and Exchange Commission ("SEC"). The successful candidate will become an Access Person of CII required to comply with the personal trading requirements and restrictions contained in CII's Code of Ethics. These requirements and restrictions apply to the Access Person and all securities transactions in accounts in which an Access Person has a Beneficial Interest.
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.
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.
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.