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Cigna Chief Actuary - Cigna Supplemental Benefits in Austin, Texas

Remote, Work from Home, United States

While our preference is to fill this role in Austin, TX, we are open to considering qualified candidates in any of our Cigna or Express Scripts locations or as a work-from-home opportunity

Position Summary:

Reporting to the Business Finance Officer of Cigna Supplemental Benefits (CSB), the Chief Actuary will be responsible for all actuarial functions to achieve earnings and growth targets while protecting financial integrity. Cigna's Supplement Benefits business drives $1.3B in revenue and includes Medicare Supplemental coverage and supplemental health and life products to provide financial projection for individuals. This role will sit on the CSB leadership team and will plan a key role in further strengthening relationships across the Government Business Segments products lines.

Leadership Responsibilities:

Lead a team of actuaries, actuarial students, and financial analysts across four primary functions

  • Pricing

  • CSB’s portfolio of products including Medicare Supplement and Supplemental Health and life products to drive profitable growth

  • Team is responsible for over 600 annual filings to support new product launches and revenue growth

  • Provide signoff for distribution compensation and strategy

  • Review opportunities for strategic partnerships with third parties to develop new products and enter new market

  • Reserving

  • Oversees Appointed Actuary who signs off on regulatory opinions for a business with $800M of assets and liabilities related to the broad portfolio of products

  • Oversee implementation of multi-year FASB long-duration contract changes

  • Requires unique approaches to each type of liability including short term IBNR, active life reserves, and deferred acquisition costs

  • Forecasting

  • Provide financial forecasts based on to product claim experience, customer lapse, rates, and business process changes

  • Process Improvement & Analytics

  • Work across team to improve processes to create more efficiency for reserving, pricing, and experience studies

  • Dotted line oversight of CSB data and analytics teams to provide experience studies and make data a key driver of business decisions

  • Manage relationships and contracts with multiple third party consultants and contractors

  • Build and retain a high performing team; continuously look for opportunities to add, develop and upgrade talent

  • Support multi-year business strategy development and execution as part of the CSB leadership team

  • Increase engagement of CSB business across related Cigna business such as Medicare Advantage, Individual and Family plans, and Group Voluntary products

Qualifications:

  • Bachelor’s degree in actuarial science, mathematics, economics, or related field

  • Member of the American Academy of Actuaries

  • Fellow of the Society of Actuaries preferred but will consider Associate with requisite experience

  • Minimum 10 years of experience in actuarial leadership roles

  • Exceptionally strong leadership qualities.

  • Demonstrated accountability for development, coaching, talent pipeline and succession, networking, etc.

  • Demonstrated influence skill and ability

  • Supplemental benefits experience strongly preferred

Location(s):

Austin, TX (preference); Bloomfield, CT; Denver, CO; Philadelphia, PA; Nashville, TN; Raleigh, NC

About Cigna

Cigna Corporation (NYSE: CI) is a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. We offer an integrated suite of health services through Cigna, Express Scripts, and our affiliates including medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products. Together, with our 74,000 employees worldwide, we aspire to transform health services, making them more affordable and accessible to millions. Through our unmatched expertise, bold action, fresh ideas and an unwavering commitment to patient-centered care, we are a force of health services innovation.

When you work with Cigna, you’ll enjoy meaningful career experiences that enrich people’s lives while working together to make the world a healthier place. What difference will you make? To see our culture in action, search #TeamCigna on Instagram.

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.

If you require reasonable accommodation in completing the online application process, please email: SeeYourself@cigna.com for support. Do not email SeeYourself@cigna.com for an update on your application or to provide your resume as you will not receive a response.

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