Actuarial Senior Manager

This position supports Cigna Pharmacy Economics by leading a team of 3~4 analytical staff to manage intercompany service agreement between Cigna Healthcare and Express Scripts, perform economic evaluation and optimization of pharmacy network initiatives across retail pharmacies, ESI Home Delivery and Accredo Home Delivery pharmacies, strategize and monitor customer steerage campaigns to improve affordability and customer satisfaction, and forecast and analyze pharmacy script growths associated with key initiatives. It partners closely with Cigna Pharmacy Product, Marketing, Pharmacy Finance and Pharmacy Pricing teams. It reports to an Actuarial Senior Director.

Job Responsibilities

• Manage and enhance Pharmacy Benefit Service Agreements (PBSA) and related performance monitoring and management frameworks between Cigna Health Plans and Express Scripts.

• Lead economic value measurement and customer behavior/impact analyses for existing pharmacy network solutions.

• Drive affordability innovation and economic optimization by leveraging data visualization assets and advanced predictive analytics that utilize eligibility and drug utilization data associated with millions of Cigna Pharmacy customers.

• Lead quarterly business and financial projections for various network initiatives and analyze emerging experience against forecast to identify improvement iterations.

• Leading a team of 3~4 staff members and create a supportive environment that incorporates regular training and development, actuarial exam support, feedback sharing and career coaching.

Qualifications

• Bachelor’s degree in Actuarial Science, Finance, Mathematics or related field strongly preferred

• 5+ years of professional work experience in actuarial, financial analysis, data analysis, pharmacy or other similar roles

• Associate of Society of Actuaries designation required, Fellow of Society of Actuaries preferred.

• Outstanding problem-solving, analytical and interpersonal skills.

• Excellent written and verbal communication skills.

• Skilled in the use of Microsoft Excel and Power Point.

• Experience with database and analytics applications (SAS, SQL, Python, R, and/or Tableau) are preferred.

If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.

For this position, we anticipate offering an annual salary of 140,400 - 234,000 USD / yearly, depending on relevant factors, including experience and geographic location.

This role is also anticipated to be eligible to participate in an annual bonus plan.

We want you to be healthy, balanced, and feel secure. That’s why you’ll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you’ll be offered several health-related 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. For more details on our employee benefits programs, visit Life at Cigna Group.

About The Cigna Group

Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.

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: [email protected] for support. Do not email [email protected] for an update on your application or to provide your resume as you will not receive a response.

The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.

Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.