Risk and Medical Underwriting Advisor-Hybrid - Philadelphia, United States - The Cigna Group

Description

Job Description

Underwriting at Cigna: If you're looking to use strong analytical, risk management, and portfolio management skills in a competitive, fast-paced environment, an Underwriting career at Cigna will allow you to do all this and more. Underwriters evaluate the risk of insuring a potential Cigna customer and use that information to set premium rates for insurance policies. As part of our Underwriting team, you will directly impact our business on a daily basis, protecting Cigna's sound financial position which enables us to meet our financial commitments to our customers.

Core Responsibilities:

• Ability to quickly learn manual and claim experience rating models and related pricing tools.
• Perform case-specific risk assessments and rate development for presale and inforce business for large and complex cases independently.
• Develops strategic recommendations related to market competition, product development, and market pricing decisions.
• Drive consultative engagement with Sales and Producers/Clients through presale and inforce case level strategies, and market discussions
• Assist Sales as financial consultant on case-specific issues. Possesses an in depth understanding of manual rating models, claim experience projections, pricing tools, pricing adjustments and available plan designs.
• Manages a complex book of business, with a variety of funding types, focused on attaining profitable growth, persistency, and earnings.
• Responsible for driving engagement with other Underwriting areas to optimize cross-sale opportunities with a whole-case underwriting view.
• Actively collaborates with product/pricing matrix partners to provide expertise/input on market level product and pricing needs.
• Works autonomously. Exercises judgment in the evaluation, selection, and adaptation of both standard and complex techniques and procedures.
• Independently hold calls with Sales, brokers, or clients.
• Mentors less experienced underwriters serving as technical and strategic subject matter expert on complex issues.
• Influences underwriting best practices and leads by example to the rest of the team.
• Leads or provides advanced professional input to complex Risk & Underwriting assignments/projects, partnering with management to provide innovative ideas and strategic input to continuously improve processes and efficiencies.
• This role includes internal project work which makes up 10-15% of the time in role. Projects focus on strategy and process improvement.

Minimum Qualifications:

• Bachelor's degree in the following majors and/or minors are preferred, but not required: Risk Management, Economics, Finance, Accounting, Management, Mathematics, and/or Business
• 5+ years medical underwriting experience required
• Strong analytical and problem solving skills
• Ability to manage complex cases and thrive in an ever-changing market segment.
• Excellent decision making and negotiation skills
• Excellent verbal and written communication skills
• Passion and dedication to become a leader in the health service industry
• Innovative thinking, customer-centricity and analytical problem-solving skills
• Track record of leadership and influence
• Demonstrated ability to effectively communicate with all levels of the organization