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:
- Manages an assigned book of business, focused on attaining profitable growth, persistency, and earnings.
- Performs case-specific risk assessments.
- Responsible for account level rate development and conducting customer negotiations with other underwriting areas and Sales.
- Evaluates medical claim experience and analyzes total case profitability.
- Develops and monitors account level earning plans to achieve growth and profitability.
- Develops strategic recommendations related to market competition, product development, and market pricing decisions.
- Assists Sales with customer presentations and acts as financial consultant on case-specific issues.
- Collaborates with product/pricing matrix partners to provide input on market level product and pricing needs.
- Mentors new hires and/or underwriters in training.
- Ability to learn manual rating models and related pricing tools.
Minimum Qualifications:
- Bachelor's degree in the following majors and/or minors are preferred, but not required: Risk Management, Economics, Finance, Accounting, Management, Mathematics, and/or Business.
- 2-5 years of medical underwriting experience required.
- Strong analytical and problem solving skills.
- High comfort level with math/numbers.
- Excellent verbal and written communication skills.
- Passion and dedication to become a leader in the health service industry.
- Strong business acumen along with leadership, innovative thinking, customer-centricity and analytical problem-solving skills.
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