Individual & Family Plans (IFP) Product Management Lead Analyst - Remote - Cigna Healthcare

The Cigna Group; Bloomfield (CT); Remote; USD 90,000 - 120,000; Full time

Job summary

A leading health insurance company in Bloomfield is seeking a Product Management Lead Analyst. The role involves developing product strategies to maximize growth within Individual and Family Plans. Ideal candidates bring over 3 years of product management experience in health insurance, particularly ACA plans. Strong analytical skills and proficiency in data reporting tools like Tableau are essential. This position offers competitive benefits and growth opportunities.

Benefits

Medical, vision, dental insurance

401(k) with company match

Tuition reimbursement

Paid time off

Paid holidays

Qualifications

• 3+ years minimum product management experience in health insurance required.
• Experience in self-service data reporting tools like Tableau or Looker.
• Ability to forecast market trends based on historical information.

Responsibilities

• Develop and implement health insurance plans for specific market areas.
• Analyze market trends, customer issues, and competitive environment.
• Collaborate with various teams to identify and implement product enhancements.

Skills

Product management

Health insurance market analysis

Data reporting tools

Communication skills

Analytical skills

Education

BA or advanced degree in Business or health-related field

Tools

Tableau

Looker

Cognos

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

SharePoint

Job description

The job profile for this position is Product Management Lead Analyst, which is a Band 3 Senior Contributor Career Track Role.

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POSITION SUMMARY

Join one of the fastest growing business segments at Cigna. As a Product Management Lead Analyst you will support the development and implementation of product strategies to maximize profitable growth and membership targets within Cigna's Individual and Family Plans (IFP) segment. As part of the IFP Product Team, you will be responsible for market and segment analysis, product definition, competitive assessment, product design and price positioning strategies, and ensuring our products deliver superior value to customers who buy their own individual health insurance.

JOB DESCRIPTION

The Product Management Lead Analyst will develop and implement health insurance plans for specific market areas and provide in-depth SME support of key initiatives and projects. A successful person in this role has or will rapidly become a functional expert in the individual business segment. Success will be achieved through strong, proactive partnerships with areas/individuals such as IFP Market Managers, Pricing, Risk Management, Sales/Distribution, Network/Provider Contracting, Service Operations and IT. Individuals with experience in developing benefit & plan design strategies and/or health related products for the individual health insurance industry are preferred. Intellectual curiosity & analytical acumen are highly desirable.

DUTIES AND RESPONSIBILITIES

• Evaluate, develop and refine market level product portfolios through analysis and understanding of targeted markets, market trends, new technology, customer business issues and the competitive environment
• Partner with matrix partners/organizations such as Network/Provider Contracting, Segment Market and distribution managers, Network, IT, Pricing, Analytics, and Service Operations to identify and implement new product and/or enhancements that will result in increased membership/earnings
• Independently gather and summarize competitor information from publicly available sources
• Identify tactics to maximize product advantages while aligning with the profitability and growth goals of the IFP segment
• Guide development of and utilize performance metric reports to monitor, communicate and positively influence areas of opportunity
• Project manage the annual product portfolio process, organize key meetings, document progress & key milestones, and manage key product artifacts
• Collaborate with the Mental Health Parity team to ensure products meet or exceed regulatory guidelines
• Help to manage IFP Product’s source-of-truth product data management system and improve/expand the processes to leverage and socialize the data.
• Identify potential issues and roadblocks from a benefits/product perspective and works to mitigate risks to ensure success.
• Maintain and/or update product policies, procedures and practices

POSITION REQUIREMENTS

• BA or advanced degree in Business or a health-related field preferred; high school diploma or equivalent required
• 3+ years minimum product management experience in health insurance required, preferably individual ACA health insurance
• Experience in one or more self-service data reporting tools such as: Tableau, Looker, or Cognos
• Ability to forecast market trends based on historical information
• Proven success in a heavily matrixed environment
• Collaborative approach to achieving results
• Drives resolution of issues, escalating when appropriate
• Ability to make sound business decisions by interpreting data and key metrics
• Excellent presentation and communication skills
• Strong proficiency in Microsoft Word, Excel, PowerPoint, SharePoint

We offer 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.

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.

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