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Other, Full-time
bachelor degree
Posted 1d ago
~40 hrs/week
Responsibilities
The Senior Analyst will develop complex pricing models and evaluate financial risks for group healthcare products in the Middle East. They will collaborate with sales and client managers to manage account portfolios and implement data-driven changes to benefits and pricing strategies.
Requirements
Candidates must have 3-5 years of experience in insurance, finance, underwriting, or actuarial functions. A bachelor's degree in a quantitative field and advanced proficiency in Microsoft Excel and SQL are required.
Full job description
Cigna Global Healthcare Benefits (CGHB) is continuing to grow across the Middle East as is our experience and expertise. The Middle East Underwriting team has played a key role in this success and they are looking to recruit an Underwriter to join the team based in Dubai. Analysing the market and developing pricing strategies for our products by identifying the financial risks involved. In practice, this is both challenging and exciting, requiring you to develop a detailed understanding of every aspect of the Middle East business. The requirement to be involved with all our departments makes this a demanding yet ultimately very rewarding role. Over time, as you gain in experience, you will develop more innovative and sophisticated analytical tools which allow financial underwriting of group healthcare risks and, in turn, create opportunities for increasing profitability.
Key Accountabilities
Develop and maintain complex pricing models used by international group underwriters
Streamline financial metrics reports prepared by underwriting team
Evaluate, price and modify plan design for renewals and new business on Large Corporate quotations in compliance with underwriting authorities
Collaborate with relevant client managers and brokers to ensure clients’ expectations on product and pricing are met
Manage portfolio of accounts balancing profitability and revenue
Analyze results looking for trends and patterns that may require changes to benefits currently and into the future. Work with sales and the client to implement changes.
Work with sales and client management to improve their knowledge of the technical aspects of the business. Provide concise and clear instructions on what is happening to a risk and provide options to manage costs into the future.
Be market aware; understand the competition, the environment and the client’s needs.
Education and Experience
Required
3-5 years of Insurance experience in finance, underwriting, actuarial or data analytics functions
Preferred
Bachelor’s degree (or equivalent) in Finance, Mathematics, Engineering, Actuarial or similar
System knowledge requirement
Advanced user of Microsoft Excel
Ability to query large data sets using SQL
Exposure to tools such as Power BI is preferable
Capabilities
Process improvement and Excel modeling/reporting skills
High level of numeracy & accuracy
Excellent negotiation and communication skills
Ability to take ownership and time management
Able to manage stake holder expectations and deliver under pressure
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: [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 is a global health company committed to creating a better future built on the vitality of every individual and every community. We relentlessly challenge ourselves to partner and innovate solutions for better health.
The Cigna Group includes products and services marketed under Cigna Healthcare, Evernorth Health Services or its subsidiaries. The Cigna Group maintains sales capabilities in more than 30 countries and jurisdictions, and has more than 190 million customer relationships around the world.
Offices: 900 Cottage Grove Rd, Bloomfield, Connecticut 06002, US
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