Actuarial Senior Manager

1 month ago


Chicago, Illinois, United States CIGNA Full time
Job Summary

Cigna Supplemental Benefits (CSB) is seeking a highly skilled Actuarial Senior Manager to lead our pricing team in driving profitable growth in the Medicare Supplement marketplace. As a key member of our team, you will be responsible for executing new business pricing strategy, communicating with senior leadership and matrix partners, and driving improvements in actuarial assumption setting and pricing methodology.

Responsibilities
  • Develop and execute new business pricing strategy to drive profitable growth in the Medicare Supplement marketplace.
  • Communicate pricing strategy, positions, and changes to senior leadership and matrix partners.
  • Drive improvements in actuarial assumption setting, pricing methodology, and end-to-end procedures.
  • Maximize efficiency to shorten the duration of full pricing cycle for new product launches.
  • Support senior exchange MedSupp product refresh strategy.
  • Closely monitor risk profile shifts on the senior exchange and propose strategic updates accordingly.
  • Take full ownership of new product filing execution, ensuring timely submission of rate filings, objection responses, and secure approval of rate filings.
  • Work with matrix partners to monitor leading indicators and early performance to evaluate the quality of new business sold.
  • Identify root causes of observed issues and provide timely solutions with clear next steps to follow.
  • Serve as innovation lead for MedSupp pricing projects, identifying opportunities to drive differentiation of our product offerings within regulatory constraints.
  • Maintain and develop a strong pricing team with a staff of two actuarial professionals.
  • Champion the continuous improvement mindset and knowledge sharing with other teams.
Qualifications
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.
  • 6+ years of actuarial experience strongly preferred.
  • MedSupp experience is preferred but not required.
  • FSA preferred; qualification to sign rate filings required.
  • Strong analytical and problem-solving skills.
  • Ability to partner and communicate with a variety of non-actuarial audiences.
  • Ability to coach and develop talents.
Benefits

Cigna offers a comprehensive range of benefits, including medical, vision, dental, and well-being and behavioral health programs. We also offer 401(k) with company match, company-paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year, and paid holidays.

About Cigna Healthcare

Cigna Healthcare is an advocate for better health through every stage of life. We guide our customers through the healthcare system, empowering them with the information and insight they need to make the best choices for improving their health and vitality.



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