Risk and Medical Underwriting Advisor (Hybrid)

Cigna; Franklin (TN); Remote; USD 86,000 - 145,000; Full time

Job summary

Join a forward-thinking company as an Underwriter, where your analytical and risk management skills will thrive in a dynamic environment. You will evaluate risks, set premium rates, and directly impact the financial health of the organization. Collaborate with sales teams, mentor junior underwriters, and lead strategic projects that enhance underwriting practices. This role offers the chance to make a difference in the health service industry while enjoying a comprehensive benefits package. If you are passionate about driving growth and improving lives, this opportunity is perfect for you.

Benefits

Health Insurance

401(k) with company match

Paid Time Off

Comprehensive benefits package

Qualifications

• 5+ years of experience in underwriting, with 3 years in medical underwriting.
• Strong analytical and problem-solving skills required.

Responsibilities

• Perform risk assessments and rate development for large cases.
• Manage a complex book of business focused on profitable growth.

Skills

Analytical Skills

Risk Management

Portfolio Management

Decision-Making

Negotiation Skills

Communication Skills

Problem-Solving

Education

Bachelor's degree in Risk Management

Bachelor's degree in Economics

Bachelor's degree in Finance

Bachelor's degree in Mathematics

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:

1. Ability to quickly learn manual and claim experience rating models and related pricing tools.
2. Perform case-specific risk assessments and rate development for presale and inforce business for large and complex cases independently.
3. Develops strategic recommendations related to market competition, product development, and market pricing decisions.
4. Drive consultative engagement with Sales and Producers/Clients through presale and inforce case level strategies, and market discussions.
5. 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.
6. Manage a complex book of business, with a variety of funding types, focused on attaining profitable growth, persistency, and earnings.
7. Responsible for driving engagement with other Underwriting areas to optimize cross-sale opportunities with a whole-case underwriting view.
8. Actively collaborate with product/pricing matrix partners to provide expertise/input on market level product and pricing needs.
9. Work autonomously. Exercise judgment in the evaluation, selection, and adaptation of both standard and complex techniques and procedures.
10. Independently hold calls with Sales, brokers, or clients.
11. Mentor less experienced underwriters serving as technical and strategic subject matter expert on complex issues.
12. Influence underwriting best practices and lead by example to the rest of the team.
13. Lead or provide 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.
14. 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:

1. Minimum of 5 years related experience, with at least 3 years of medical underwriting.
2. All or part of the 5+ years of experience must have been accumulated within the past 5 years.
3. Bachelor's degree in Risk Management, Economics, Finance, Accounting, Management, Mathematics, or Business is preferred but not required.
4. Strong analytical and problem-solving skills.
5. Ability to manage complex cases and thrive in an ever-changing market segment.
6. Excellent decision-making and negotiation skills.
7. Excellent verbal and written communication skills.
8. Passion and dedication to becoming a leader in the health service industry.
9. Innovative thinking, customer-centricity, and analytical problem-solving skills.

For remote work, a cable broadband or fiber optic internet connection with speeds of at least 10Mbps download/5Mbps upload is required.

Anticipated annual salary ranges from $86,700 to $144,500, depending on experience and location, with eligibility for an annual bonus plan.

We offer a comprehensive benefits package including health insurance, 401(k) with company match, paid time off, and more. Details available at Life at Cigna Group.

About Cigna Healthcare

Cigna Healthcare, a division of The Cigna Group, advocates for better health at every life stage, guiding customers through the healthcare system and empowering them to make informed health decisions. Join us in driving growth and improving lives.

We are committed to equal opportunity employment and consider all qualified applicants without regard to race, color, age, disability, sex, or other protected characteristics. For accommodations in the application process, contact [e-mail].

The Cigna Group maintains a tobacco-free policy and may not hire tobacco/nicotine users in certain states unless participating in a cessation program. Criminal history considerations are made in accordance with law.