Risk and Medical Underwriting Lead Analyst (Hybrid)

Cigna; Scottsdale (AZ); Remote; USD 74,000 - 124,000; Full time

Job summary

Cigna is seeking an Underwriter to evaluate customer risks and set premium rates for insurance policies. The ideal candidate will have strong analytical skills and a minimum of 3 years' experience in medical underwriting, contributing to the financial stability and growth of the organization. Comprehensive benefits include health insurance, 401(k), etc.

Benefits

Comprehensive health benefits

401(k) with company match

Tuition reimbursement

At least 18 days of paid time off

Paid life insurance

Qualifications

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

Responsibilities

• Perform case-specific risk assessments and rate development for large and complex cases.
• Drive consultative engagement with Sales and Producers/Clients.
• Mentor less experienced underwriters on complex issues.

Skills

Analytical skills

Problem-solving skills

Negotiation skills

Communication skills

Innovative thinking

Education

Bachelor's degree in Risk Management, Economics, Finance, or related fields

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 financial consultants on case-specific issues. Possess 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 various funding types, focused on profitable growth, persistency, and earnings.
• Drive engagement with other Underwriting areas to optimize cross-sale opportunities with a whole-case underwriting view.
• Collaborate with product/pricing matrix partners to provide expertise/input on market-level product and pricing needs.
• Work autonomously, exercising judgment in evaluating, selecting, and adapting techniques and procedures.
• Hold calls with Sales, brokers, or clients independently.
• Mentor less experienced underwriters, serving as a technical and strategic subject matter expert on complex issues.
• 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 preferred but not required.
• Strong analytical and problem-solving skills.
• Ability to manage complex cases and thrive in a changing market.
• 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, a broadband or fiber internet connection of at least 10Mbps download and 5Mbps upload is required. The annual salary range for this position is $74,300 - $123,900, depending on experience and location. This role may also be eligible for an annual bonus.

We offer comprehensive benefits from day one, 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. For more details, visit Life at Cigna Group.

About Cigna Healthcare:

Cigna Healthcare, a division of The Cigna Group, advocates for better health at every life stage. We guide our customers through the healthcare system, empowering them to make informed health decisions. Join us to drive growth and improve lives.

Qualified applicants will be considered regardless of race, color, age, disability, sex, pregnancy, sexual orientation, gender identity, veteran status, religion, national origin, or other protected characteristics. For reasonable accommodations during the application process, email [e-mail]. Our tobacco-free policy means we do not hire tobacco/nicotine users in certain states unless they participate in a cessation program. Criminal history considerations are in accordance with applicable laws.