Product Management Sr. Advisor CIGNA Hybrid

Job description

**_This is a HYBRID position that requires on-site presence at times in our Bloomfield, CT location._**

**_Only local applicants will be considered._**

**POSITION SUMMARY**

Our Corporate Owned Life Insurance (COLI) organization is looking for a **Product Management Senior Advisor** which will be responsible for overall custody account management and partnering with COLI’s external custodian across their internal teams to support the pricing and trading infrastructure needs and all investment related changes for COLI’s variable insurance clients.

Lead product development initiatives with technology vendor and internal process development and documentation.

Responsible for leading or supporting identified projects within COLI working with internal and external business partners.

May also provide technical/business support to Client Services team.

**ESSENTIAL FUNCTIONS**

Responsible for overall custody account management and partnering with COLI’s external custodian across their internal teams to support the pricing and trading infrastructure needs and all investment related changes for COLI’s variable insurance clients.

Lead product development initiatives with technology vendor and internal process development and documentation.

Responsible for leading or supporting identified projects within COLI working with internal and external business partners.

May also provide technical/business support to Client Services team.

Custodian Operations

Work with custodian to facilitate client transactions and investment platform updates including: reallocations, fund liquidations, new fund offerings, account openings, market entries, etc.

and resolve any account/transaction issues identified within custody and administration platforms.

Support testing of infrastructure upgrades impacting COLI’s pricing and trading model, provide feedback and coordinate the implementation of changes to the platform if there is impact to the users in COLI.

Responsible for overall custody account management including:

+ Facilitate opening and closing of new account offerings, on-boarding of new investment managers (sub-advised) and mutual funds, system access/connectivity.
+ Work with custodian to facilitate asset transfers/liquidations, coordinate with investment managers on expectations, monitor transaction execution, resolve trade issues and reconcile accounts.
+ Partner with Client Service team on trades with large impact to investment accounts (e.g., full liquidation of account, partial liquidation of co-mingled strategy, etc.).

Determine and facilitate best approach for large dollar trades between strategies.

Resolve NAV/AUV issues and overdrafts.
+ Work with custodian to move assets from a sub-advised account to a new strategy or close a sub-advised strategy with full liquidation.
+ Determine steps necessary for custodian, cash movement, fund accounting, administration transaction processing, overdrafts and client reporting outcomes.
+ Support nightly NAV and AUV pricing.

Provide direction on pricing issues and communicate the impacts to applicable internal/external parties.
+ Daily monitoring of account balances, units, cash movements and initiate applicable corrective actions.

Product Management

Establish and maintain relationships with brokers, clients, vendors and other sources to gather competitive information and effectively position products in the marketplace.

Coordinate internal market update reviews and include market intelligence for consideration.

Manage the implementation process for new products or enhancements to existing products, including development of product specifications for illustration software and administration system.

Work with management and actuarial team to price a new plan and respond to Requests for Proposals (RFPs).

Collaborate with administration and illustration system colleagues to execute new product designs and new client implementation.

Projects

Responsible for leading or supporting identified projects within COLI, working with internal and external business partners.

Serves as a technical, procedural, or workflow resource on existing and new COLI/BOLI product initiatives.

Translates changes to products or customer specific plan design/reporting into technical business requirements for system development as needed.

Support internal investment management infrastructure and/or vendor changes related to COLI.

Ensure all modifications continue to maintain the cohesive structure across custody, fund accounting, reporting and data feeds for accurate client and securities valuation.

**QUALIFICATIONS**

+ Bachelor's degree required; MBA/CPA preferred.
+ 8+ years of business experience in financial services industry or 6+ years of business experience in COLI.
+ Custody account management and investment operations experience.
+ Project management experience in matrix partner environment required.
+ General knowledge of life insurance products; knowledge of COLI/BOLI products preferred.
+ Experience drafting system specifications inclusive of examples with complex life insurance calculations.
+ Expert in windows-based computer software applications (MS Office products).
+ Excellent analytical and financial skills.
+ Strong oral/written communication and interpersonal skills.
+ Organizational awareness and problem-solving skills.
+ Customer service orientation.
+ Proven multi-tasking ability, organizational skills and attention to detail.
+ FINRA Series 6, 63.

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.

**About Cigna Healthcare**

Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life.

We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality.

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:_ _SeeYourself@cigna.com_ _for support.

Do not email_ _SeeYourself@cigna.com_ _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._

Required Skill Profession

Other General