Risk and Medical Underwriting Lead Analyst (Hybrid)

Cigna; Philadelphia (Philadelphia County); Remote; USD 74,000 - 124,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to leverage analytical and risk management expertise in a dynamic environment. This role involves evaluating risks and setting premium rates for insurance policies, directly impacting the company's financial health. You'll collaborate with sales teams, manage complex cases, and mentor junior staff while driving innovative solutions in underwriting. Join a forward-thinking organization that values leadership and creativity in the health service industry, offering a comprehensive benefits package and opportunities for professional growth.

Benefits

Medical Insurance

Vision Insurance

Dental Insurance

401(k) with Match

Paid Time Off

Tuition Reimbursement

Well-being Programs

Paid Life Insurance

Qualifications

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

Responsibilities

• Perform case-specific risk assessments and rate development.
• Engage with Sales and Clients through case strategies.
• Mentor less experienced underwriters.

Skills

Analytical Skills

Risk Management

Decision-Making

Negotiation Skills

Problem-Solving

Communication Skills

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 daily, protecting Cigna's sound financial position to meet our commitments.

Core Responsibilities:

• 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, including large and complex cases.
• Develop strategic recommendations related to market competition, product development, and pricing decisions.
• Engage with Sales and Producers/Clients through presale and inforce case strategies and market discussions.
• Assist Sales as a financial consultant on case-specific issues, with an understanding of rating models, claim projections, and pricing tools.
• Manage a complex book of business focused on profitable growth, persistency, and earnings.
• Collaborate with other Underwriting areas to optimize cross-sale opportunities.
• Work autonomously, exercising judgment in evaluating techniques and procedures.
• Hold calls with Sales, brokers, or clients independently.
• Mentor less experienced underwriters, serving as a technical and strategic expert.
• Influence underwriting best practices and lead by example.

Minimum Qualifications:

• 3+ years of medical underwriting experience preferred.
• Bachelor's degree in Risk Management, Economics, Finance, Accounting, Management, Mathematics, Business, or related fields is preferred but not required.
• Strong analytical and problem-solving skills.
• Ability to manage complex cases and adapt to market changes.
• Excellent decision-making and negotiation skills.
• Effective verbal and written communication skills.
• Passion for leadership in the health service industry.
• Innovative thinking, customer-centricity, and analytical skills.

For remote work, a broadband or fiber internet connection with at least 10Mbps download and 5Mbps upload speeds is required. The annual salary range is $74,300 - $123,900, depending on experience and location, with potential eligibility for an annual bonus.

We offer comprehensive benefits starting from day one, including medical, vision, dental, well-being programs, 401(k) with match, paid life insurance, tuition reimbursement, at least 18 days of paid time off, and holidays. More details are 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 with insight and support to improve their health and vitality. Join us to drive growth and improve lives.

We are an equal opportunity employer, considering all qualified applicants regardless of race, color, age, disability, sex, or other protected characteristics. For reasonable accommodations during the application process, contact [e-mail].

Our tobacco-free policy may exclude candidates who use tobacco or nicotine products, in states where legally permissible. Consideration of criminal histories will be in accordance with applicable laws.