Individual & Family Plans (IFP) Plan Strategy & Design Lead Analyst - Remote - Cigna Healthcare

POSITION SUMMARY

Join one of the fastest growing business segments at Cigna.

As a Plan Strategy & Design Lead Analyst you will support the development and implementation of product strategies to maximize profitable growth and membership targets within Cigna's Individual and Family Plans (IFP) segment.

As part of the IFP Product Team, you will be responsible for market and segment analysis, product definition, competitive assessment, product design and price positioning strategies, and ensuring our products deliver superior value to customers who buy their own individual health insurance.

JOB DESCRIPTION

The Plan Strategy & Design Lead Analyst will develop and implement health insurance plans for specific market areas and provide in-depth SME support of key initiatives and projects.

A successful person in this role has or will rapidly become a functional expert in the individual business segment.

Success will be achieved through strong, proactive partnerships with areas/individuals such as IFP Market Managers, Pricing, Risk Management, Sales/Distribution, Network/Provider Contracting, Service Operations and IT.

Individuals with experience in developing benefit & plan design strategies and/or health related products for the individual health insurance industry are preferred.

Intellectual curiosity & analytical acumen are highly desirable.

DUTIES AND RESPONSIBILITIES


* Evaluate, develop and refine market level product portfolios through analysis and understanding of targeted markets, market trends, new technology, customer business issues and the competitive environment


* Partner with matrix partners/organizations such as Network/Provider Contracting, Segment Market and distribution managers, Network, IT, Pricing, Analytics, and Service Operations to identify and implement new product and/or enhancements that will result in increased membership/earnings


* Independently gather and summarize competitor information from publicly available sources


* Identify tactics to maximize product advantages while aligning with the profitability and growth goals of the IFP segment


* Guide development of and utilize performance metric reports to monitor, communicate and positively influence areas of opportunity


* Project manage the annual product portfolio process, organize key meetings, document progress & key milestones, and manage key product artifacts


* Collaborate with the Mental Health Parity team to ensure products meet or exceed regulatory guidelines


* Help to manage IFP Product's source-of-truth product data management system and improve/expand the processes to leverage and socialize the data.


* Identify potential issues and roadblocks from a benefits/product perspective and works to mitigate risks to ensure success.


* Maintain and/or update product policies, procedures and practices

POSITION REQUIREMENTS


* BA or advanced degree in Business or a health-related field preferred; high school diplom...