Urgent! Risk & Underwriting Advisor – Supplemental Health Solutions-Hybrid Position in Philadelphia - The Cigna Group
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 designs.
Manages a complex an assigned Supplemental Health Solutions book of business, focused on attaining profitable growth, persistency, and earnings.
Responsible for driving engagement with other Underwriting areas (Medical and Dental) to optimize cross-sale opportunities with a whole-case underwriting view.
Actively collaborates with product/pricing matrix partners to provide expertise/input on market level product and pricing needs.
Works autonomously. Exercises judgment in the evaluation, selection, and adaptation of both standard and complex techniques and procedures.
Independently hold calls with Sales, brokers, or clients.
Mentors less experienced underwriters serving as technical and strategic subject matter expert on complex issues.
Influences underwriting best practices and leads by example to the rest of the team.
Leads or provides advanced professional input to complex Risk & Underwriting assignments/projects, partnering with management to provide innovative ideas and strategic input to continuously improve processes and efficiencies.
This role includes internal project work which makes up 10-15% of the time in role.
Projects focus on strategy and process improvement.
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
5+ years of supplemental health, medical, dental or life and disability underwriting experience required
Strong analytical and problem solving skills
Ability to manage complex cases and thrive in an ever-changing market segment.
Excellent decision making and negotiation skills
Excellent verbal and written communication skills
Passion and dedication to become a leader in the health service industry
Innovative thinking, customer-centricity and analytical problem-solving skills
Track record of leadership and influence
Demonstrated ability to effectively communicate with all levels of the organization
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Unlock Your Risk Underwriting Potential: Insight & Career Growth Guide
Real-time Risk Underwriting Jobs Trends in Philadelphia, United States (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for Risk Underwriting in Philadelphia, United States using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 13173 jobs in United States and 146 jobs in Philadelphia. This comprehensive analysis highlights market share and opportunities for professionals in Risk Underwriting roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! The Cigna Group is currently hiring and seeking a Risk & Underwriting Advisor – Supplemental Health Solutions Hybrid to join their team. Feel free to download the job details.
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An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at The Cigna Group adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Risk & Underwriting Advisor – Supplemental Health Solutions Hybrid Jobs United States varies, but the pay scale is rated "Standard" in Philadelphia. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Risk & Underwriting Advisor – Supplemental Health Solutions Hybrid typically include Financial Specialists and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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Before the Interview:To prepare for your Risk & Underwriting Advisor – Supplemental Health Solutions Hybrid interview at The Cigna Group, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the The Cigna Group's products or services and be prepared to discuss how you can contribute to their success.
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