Senior Actuarial Analyst (Pricing & Consulting)

Cigna Healthcare

Glasgow

Hybrid

GBP 90,000 - 120,000

Full time

9 days ago

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Benefits offered by this job

Private Medical Insurance

Employee Wellbeing Benefits

Educational Development Program

Hybrid working environment

Job summary

Cigna Healthcare in the United Kingdom is seeking an experienced actuarial pricing professional to join the IOH Pricing & Consulting team. You will shape pricing strategy across a diverse international health portfolio and work with Underwriting, Finance, Product, Commercial and Operations to deliver data-driven insights.

This role combines technical actuarial excellence with commercial thinking, leading pricing analyses, developing models, evaluating claims trends, and presenting

Qualifications

Experience in actuarial pricing or healthcare pricing.
Pursuit or completion of a recognised actuarial qualification; degree in Actuarial Science, Mathematics, Statistics, Finance, Economics or related field.
Strong experience in pricing, profitability assessment, claims trend analysis, and financial modelling.
Experience working with healthcare, medical, life, disability, or other insurance products.

Responsibilities

Leading pricing reviews across medical and non-medical products, analysing claims, utilisation, premium, membership, provider, and expense data to support sound pricing decisions.
Developing pricing assumptions, profitability assessments, scenario analysis, and business cases that support new business, renewals, and strategic decision‑making.
Designing, enhancing, and maintaining actuarial pricing models, tools, and methodologies, with governance, testing, validation, and documentation standards.
Identifying opportunities to improve pricing processes through automation and the use of analytics tools like Excel, Alteryx, SQL, Power BI, Python.
Partnering with Underwriting, Finance, Product, and Commercial teams to provide actuarial insight and support pricing strategy across an international health portfolio.
Delivering portfolio and client profitability reviews, monitoring claims trends, and presenting findings to senior stakeholders.
Supporting strategic initiatives and pricing transformation projects across International Health.

Skills

Pricing analytics

Stakeholder engagement

Project management

Mentoring junior colleagues

Communication of actuarial insights

Education

Actuarial qualification (progress or completed)

Degree in Actuarial Science / Mathematics / Statistics / Finance / Economics

Tools

Excel

Alteryx

SQL

Power BI

Python

Job description

About Cigna Healthcare

Cigna Healthcare is a global health service company dedicated to transforming healthcare. With roots in the U.S. and operations in over 30 countries, we serve more than 180 million customers and patients worldwide. Ranked 13th on the Fortune 500 in 2025, Cigna is recognized as one of the most trusted and influential names in the industry. Our mission is to improve the health, well-being, and peace of mind of those we serve.

Join our globally recognized brand, where trust, communication, and a positive culture are at the core of everything we do. Our leadership is consistent, approachable, and supportive—ensuring your well-being and work-life balance.

We’re looking for individuals who thrive in collaborative environments, are passionate about meaningful change, and want to grow in a company that puts people first.

At Cigna, you’ll be part of a purpose-driven team that values innovation, compassion, and impact. Whether you're shaping better care experiences or supporting customers through life’s key moments, your work will matter.

Grow with us—and help shape the future of healthcare.

About The Role

We're looking for an experienced actuarial professional to join our International Organisations Health (IOH) Actuarial Pricing & Consulting team.

In this role, you'll play a key part in shaping the financial performance and pricing strategy of a diverse international health portfolio. Working in partnership with Underwriting, Finance, Product, Commercial, and Operational teams, you'll provide data-driven insights and actuarial expertise that support business decisions, portfolio profitability, and sustainable growth.

This is an exciting opportunity for someone who enjoys combining technical actuarial excellence with commercial thinking. You'll lead complex pricing analyses, develop and enhance actuarial models, evaluate emerging claims and portfolio trends, and provide recommendations to senior stakeholders across the business. The role offers exposure to both medical and non-medical products, strategic projects, pricing transformation initiatives, and an international customer base.

You’ll Be Responsible For:

Leading pricing reviews across medical and non-medical products, analysing claims, utilisation, premium, membership, provider, and expense data to support sound pricing decisions and portfolio performance.
Developing pricing assumptions, profitability assessments, scenario analysis, and business cases that support new business, renewals, and strategic decision‑making.
Designing, enhancing, and maintaining actuarial pricing models, tools, and methodologies, while ensuring strong governance, testing, validation, and documentation standards.
Identifying opportunities to improve pricing processes through automation, standardisation, and the use of analytical tools such as Excel, Alteryx, SQL, Power BI, Python, or similar technologies.
Partnering with Underwriting, Finance, Product, and Commercial teams to provide actuarial insight, challenge assumptions, and support pricing strategy across a diverse international health portfolio.
Delivering portfolio and client profitability reviews, monitoring claims trends and emerging experience, and presenting findings and recommendations to senior stakeholders.
Supporting strategic initiatives, pricing transformation projects, market opportunities, and the continued evolution of pricing capabilities across International Health.

What You’ll Bring to the Role:

Previous experience in actuarial pricing, insurance pricing, healthcare insurance, or a related analytical environment.
Progress towards, or completion of, a recognised actuarial qualification, alongside a degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative discipline.
Strong experience in pricing, experience analysis, profitability assessment, claims trend analysis, financial modelling, and business case development.
Experience working with healthcare, medical, life, disability, accident, income protection, or other insurance products.
Advanced Excel skills, with experience developing, reviewing, and maintaining complex actuarial or pricing models.
Experience applying analytical and automation tools such as Alteryx, SQL, Power BI, Python, or similar technologies.
Strong understanding of actuarial modelling, pricing governance, control frameworks, and risk management principles.
Experience partnering with Underwriting, Finance, Product, Commercial, or other business stakeholders to support pricing and portfolio decisions.
Ability to communicate complex technical concepts and actuarial insights to both technical and non-technical audiences, including senior leadership.
Experience working within international organisations, global portfolios, or multi-currency environments would be advantageous.
Previous experience mentoring, coaching, or reviewing the work of junior colleagues would be beneficial.

Why You’ll Love Working Here