Risk & Underwriting Advisor - Supplemental Health Solutions-Hybrid

Job Description:

Underwriting at Cigna: If you're looking to use strong analytical and math 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.

The Risk Management & Underwriting Advisor - Supplemental Health Solutions is responsible for new and inforce business underwriting for Group Accidental Injury (AI), Critical Illness (CI) and Hospital Care (HC) insurance products.

Candidates for this position will be required to quickly learn the Supplemental Health Solutions manual rating models and related pricing tools; knowledge of pricing adjustments and available plan designs; and an ability to assess financial risk based on multiple information sources.

New and inforce business underwriting for this position will focus on employer groups from 250 lives (focused on larger/complex employer groups) + supporting a variety of markets.

New business and inforce underwriting will consist of performing strategic case specific risk assessments to develop appropriate premium rates and plan designs for a given risk to support the market's growth and profitability goals.

The underwriter is responsible for account level rate development and conducting customer negotiations with other underwriting areas, Sales and Account Management on their book of business.

The underwriter will evaluate and analyze total case profitability and develop strategic recommendations related to market competition, product development, and market pricing decisions.

The underwriter will act with a sense of urgency to meet deadlines for all requests, and deliver accurate underwriting packages of the highest quality.

This position will require assisting Sales and Account Management partners with underwriting data and financial exhibits on customer presentations.

Collaboration with product/pricing matrix partners is also required to provide input on market level products and pricing needs.

Core Responsibilities:


* Ability to quickly learn manual 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.


* Develops 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, market discussions


* Assist Sales as financial consultant on case-specific issues.

Possesses an in depth understanding of manual rating models, pricing tools pricing adjustments and available plan design...