Existing Business Development Lead, Evernorth Payer Solutions - Hybrid

The Cigna Group; Bloomfield (CT); On-site; USD 110,000 - 160,000; Full time

Benefits offered by this job

Incentive compensation plan

Job summary

The Cigna Group is seeking an Existing Business Development Lead to manage a portfolio of 12+ TPAs and health plans, driving YoY growth and product penetration. You will negotiate contracts, coordinate with payer solutions teams, and leverage market insights to expand revenue across products.

The role requires 5+ years of sales experience in health insurance, strong negotiation and presentation skills, and the ability to thrive in a fast-paced, entrepreneurial environment in the Bloomfield, CT

Qualifications

• Bachelor’s degree required.
• 5+ years sales experience in health insurance preferred.
• Ability to work in a fast-paced entrepreneurial environment.
• Ability to learn new and existing product value propositions and communicate to clients.
• Identify risks and issues and mitigate/escalate as needed.
• Strong experience negotiating contracts and conducting B2B sales.
• Experience delivering formal presentations to diverse audiences.
• Open, effective written and verbal communication with clients and leadership.
• Financial acumen for applying underwriting concepts and pricing.
• Team player with matrix-partner collaboration.
• Travel up to 20–30%; easy airport access.

Responsibilities

• Own and grow a portfolio of 12+ client relationships with senior management interactions.
• Identify opportunities with clients and internal teams to drive membership and revenue growth across products.
• Negotiate and execute contracts in a B2B environment.
• Maintain market knowledge and communicate payer strategies to partners.
• Collaborate with matrix partners (sales effectiveness, legal, product, implementation).
• Use Salesforce.com daily to track opportunity status and progress.
• Provide product education and connect products with strategic partners.

Skills

Sales experience

Relationship management

Negotiation

Presentations

Communication

Financial acumen

Team player

Self-motivated

Attention to detail

Education

Bachelor’s degree

Tools

Salesforce.com

Job description

Evernorth Payer Solutions (EPS) is a wholesaler of various Evernorth solutions to health benefits “payers” including primarily Third Party Administrators (TPAs), as well as business process outsourcers (BPOs). Products offered include medical network, medical management, LifeSOURCE transplant network, pharmacy, Out-of-Network Savings Program, dental, Cost Containment, payment integrity solutions and many other commercial employer focused products. The segment’s business proposition is to expand Cigna/Evernorth’s reach to clients/customers that fall outside of Cigna/Evernorth’s traditional U.S. business segments.

The Existing Business Development Lead (EBD) owns a portfolio of existing TPAs, Healthplans and other related healthcare administration relationships. The EBD works closely with their clients to prepare market strategies, pursues large account opportunities, roll out new products and initiatives, keep their clients abreast of trends and work on contractual negotiations. The EBD also works closely with the Cigna payer solutions operations team, local market teams, brokers and consultants as well as the Payer Solutions Retention Specialist and broader Evernorth and ESI team members.

We are looking for individuals who can help us continue to drive YoY double-digit sales growth and broad product penetration, has a passion for building and maintaining relationships, developing winning strategies and maintaining a portfolio of clients. The individual should have a self-motivated spirit and collaborative style, can respect process, and has the ability to thrive in an entrepreneurial and evolving landscape.

Client Relationship Growth and Retention

• Own and drive growth in a portfolio of 12+ client relationships that requires professional and productive interaction with external and internal senior management
• Work with the market and internal resources (Payer Solutions and Cigna Direct) to identify possible opportunities for vetting
• Drive membership and revenue growth across products by developing comprehensive business plans and strategies with clients, negotiate contracts, work with implementation resources and other team members
• Negotiate and execute contracts in B-to-B environment
• Market knowledge – know landscape/drivers and local market activities
• Partner with new TPAs and New Business Development Lead during first year to ensure successful implantation and growth noted in the comprehensive business plan

Product Knowledge

• Have thorough knowledge of Payer Solutions products and services (including value propositions and competitive advantages), as well as broader Cigna and Evernorth offerings
• Drive product education with strategic partners and product connection (including BRQ)

Matrix Partnership

• Active engagement with team of peers and matrix partners, including sales effectiveness, presale analysts, legal, product, Existing Business Development Leads, Local Market Leadership, Operations and Implementation, etc..
• Keep matrix partners informed of key payer strategies, incentives and exceptions

Tools

• Follow process and guidelines, referencing the Sales Playbook
• Actively use Salesforce.com as a day-to-day tool to track opportunity status
• Refer to the Sales Tool Box on CKit and Business Development Team Site on Sharepoint for relevant guidelines and documents

Qualifications

• Bachelor’s degree
• 5+ years sales experience required; in health insurance industry preferred
• Ability to work in a fast-paced entrepreneurial environment
• Ability to learn new and existing product value propositions and effectively communicate to client
• Ability to identify risks and issues and mitigate and/or escalation as needed
• Strong experience negotiating contracts, influencing others and conducting business-to-business connections
• Experience delivering formal presentations, including complex finalist material
• Skilled communicator (open and effective; both written and verbal; to a variety of audiences, including Client, leadership and matrix partners)
• Financial acumen including ability to leverage an apply financial and insurance underwriting concepts
• Strong team player; able to thrive in a matrix environment; experience collaborating with multiple matrix partners
• Self-motivated, driven
• Attention to detail
• Strong organizational skills
• Experience with Salesforce.com a plus
• Easy access to an airport and ability to travel 20%-30%

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.

This role is also anticipated to be eligible to participate in an incentive compensation plan.

At The Cigna Group, 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), company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year, paid holidays, and leaves of absence. For more details on our employee benefits programs, click here (https://jobs.thecignagroup.com/us/en/benefits) .

About Evernorth Health Services

Evernorth Health Services, a division of The Cigna Group, creates pharmacy, care and benefit solutions to improve health and increase vitality. We relentlessly innovate to make the prediction, prevention and treatment of illness and disease more accessible to millions of people. 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 need a reasonable accommodation to complete the online application process, please email [e-mail] for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.

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.

Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.