Actuarial Director – Earnings Management Lead
| Company | Cigna Group |
|---|---|
| Location | Houston, TX, USA, Austin, TX, USA, Philadelphia, PA, USA, Franklin, TN, USA, St. Louis, MO, USA, Hartford, CT, USA, Denver, CO, USA |
| Salary | $155000 – $258400 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Bachelors Degree in Actuarial Science, Mathematics, Finance or related field strongly preferred; FSA preferred
- 7+ years of actuarial experience (at least 2+ in a healthcare role at a major insurer)
- Strong analytical skills & technical skills, including Excel with VBA
- Prefer existing understanding of relationship between pricing, underwriting, and financial results
- Strong leadership skills and ability to influence and steer a cross-functional group
- Strong ability to communicate persuasively with matrix partners from a wide variety of functional areas
Responsibilities
- Establish rate execution targets that align with financial goals
- Work with segment Finance to develop expectations that balance earnings objectives and market feasibility
- Develop targets by buyer group and funding type across the dimensions necessary to meet business needs
- Keep open lines of communication between pricing, underwriting, and finance partners to ensure ongoing alignment between expectations and execution
- Ensure pricing tools reliably operationalize our earnings strategy
- Work with various Pricing leads to ensure that pricing assumptions result in book-level earnings estimates that align with expected results
- Enable logic and factors within rating tools to ensure that case-level estimates accurately reflect current expectations
- Oversee necessary specification development, testing, and quality control for pricing earnings tools owned by the team, minimizing issues & aiming for continual improvement
- Base decisions and methodology on fundamental economics of the business
- Partner with Finance and UW to optimize rate execution reporting and portfolio management
- Establish alignment between pricing projections and targets, underwriting execution reporting, and financial earnings projections and variance analyses
- Develop ongoing best practices and management processes
- Manage and enhance ongoing management processes for case level rate increase and earnings projection batch runs
- Support continuing evolution of earnings management and profit strategy
- Influence development of an optimal/sustainable profit strategy for company
- Identify earnings lever risks/opportunities and support realization of opportunities
- Optimize component/duration/funding type strategy & growth/profitability tradeoff
- Champion the use of earnings-based metrics to manage the business, ensuring partners understand and trust metrics
- Stay informed on new projects and initiatives, drawing connections to the impact on earnings and modeling
- Manage and develop team of actuarial resources
Preferred Qualifications
- Existing understanding of relationship between pricing, underwriting, and financial results