Risk and Medical Underwriting Lead Analyst (Hybrid)

Cigna; Chattanooga (TN); On-site; USD 74,000 - 124,000; Full time

Job summary

A leading company in healthcare is seeking an Underwriter to evaluate risks and set premium rates. This role involves making critical business decisions based on analytical assessments while collaborating with sales teams and managing a diverse portfolio of clients. Candidates should demonstrate strong analytical skills, experience in underwriting, and a dedication to fostering growth in the health service sector. Comprehensive benefits and competitive salary range provided.

Benefits

Medical benefits

Dental benefits

Vision benefits

401(k) with company match

Tuition reimbursement

Paid time off

Qualifications

• 3+ years of medical underwriting experience preferred.
• Strong analytical and problem-solving skills.
• Ability to manage complex cases in a changing market.

Responsibilities

• Perform case-specific risk assessments and rate development.
• Develop strategic recommendations related to market and pricing decisions.
• Mentor less experienced underwriters.

Skills

Analytical skills

Problem-solving skills

Decision-making

Negotiation skills

Verbal communication

Written communication

Customer-centricity

Education

Bachelor's degree in Risk Management, Economics, Finance, Accounting, Management, Mathematics or Business

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.
• Develop 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 a 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.
• Manage 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 collaborate with product/pricing matrix partners to provide expertise/input on market level product and pricing needs.
• Work autonomously. Exercise judgment in the evaluation, selection, and adaptation of both standard and complex techniques and procedures.
• Independently hold calls with Sales, brokers, or clients.
• Mentor less experienced underwriters serving as technical and strategic subject matter experts on complex issues.
• Influence underwriting best practices and lead by example to the rest of the team.

Minimum Qualifications:

• 3+ years of medical underwriting experience preferred.
• Bachelor's degree in Risk Management, Economics, Finance, Accounting, Management, Mathematics, or Business is preferred but not 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.

For remote work, internet connection must be via cable broadband or fiber optic with speeds of at least 10Mbps download/5Mbps upload. The annual salary range is $74,300 - $123,900, depending on experience and location, and the role may be eligible for an annual bonus.

We offer comprehensive benefits including medical, vision, dental, well-being programs, 401(k) with company match, paid life insurance, tuition reimbursement, at least 18 days of paid time off, and holidays. More details can be found at Life at Cigna Group.

About Cigna Healthcare:

Cigna Healthcare, a division of The Cigna Group, advocates for better health through every stage of life, guiding customers with information to improve their health and vitality. Join us in driving growth and improving lives.

We consider applicants without regard to race, color, age, disability, sex, childbirth or medical conditions, sexual orientation, gender identity, veteran or military status, religion, national origin, marital or familial status, genetic information, public assistance, citizenship, or other protected characteristics.

If you need reasonable accommodation to complete your application, email: [e-mail]. Do not email for application updates or resumes, as responses will not be provided.

The Cigna Group maintains a tobacco-free policy and may not hire tobacco/nicotine users where legally permissible. Candidates who use tobacco/nicotine must enter a qualifying cessation program prior to employment in certain states. Consideration of criminal histories will be in accordance with applicable laws.