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The job profile for this position is Financial Analysis Senior Analyst, which is a Band 3 Senior Contributor Career Track Role.
Excited to grow your career?
We value our talented employees, and whenever possible strive to help one of our associates grow professionally before recruiting new talent to our open positions. If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.
At Cigna we are committed to providing our customers with employee benefits, expertise and services that improve the health, well-being and productivity of their employees. Cigna’s people are the key to our success in a changing and increasingly competitive marketplace. The collective skills, behaviors and work experiences of all Cigna employees enable us to make a real difference in the lives of our members. We seek the most talented and creative minds in the industry to develop innovative solutions our customers value and consumers expect.
Major Duties
This role is in the Global Risk Management (GRM) Department reporting into the Finance Division. Primary responsibilities include:
• Supporting the Global Risk Management claims reporting system, Clearsight; responsible for ensuring all new claims and required information are captured in the system; establishing standardized reports in the claim reporting system, including Insurance Placement reports, Loss reports and Claim Audit reports.
• Support financial operations for GRM, including requesting payment of premiums, settlements, etc.; reconciling payment systems to ensure consistency; ensuring all payments are appropriately captured in Clearsight; expense projections and allocations; monopolistic state, excise, and surplus tax reporting.
• Coordinate data submission and reporting for annual reserve reviews; communicate and report results.
• Support management reporting function through quarterly GRM reviews and Business Insurance Overviews.
• Responsible for managing the Surety program, including managing broker and insurer relationships.
• Assist with Insurance placements and renewals, ensure all submission and policy data has been appropriately maintained; complete renewal checklists; maintain enterprise Schedule of Insurance.
• Act as Compliance Assistant, ensuring appropriate filings and or responses to requests: Sarbanes-Oxley reports, Insurance Department reviews, 1099 Reporting, Physician Credentialing, National Practitioner Database, MCARE and OSHA/Workers Compensation postings, and Certificates of Insurance.
• Developing written policies and procedures for GRM processes, including Requests for Proposals (RFPs), Claims Management, GRM Manual, Financial Reporting, etc. with a focus on looking for efficiencies and improvement opportunities.
Requirements:
• Bachelor’s degree in Finance, Business Administration, Risk Management or Accounting
• 2 – 3+ years of Risk Management experience preferred
• Knowledge of health services industry preferred
• Knowledge of insurance and finance concepts preferred
• Ability to interact with internal and external business partners to support Global Risk Management goals
• Priority setting, problem solving and drive for results: Demonstrates agility to perform multiple projects while completing daily and weekly workload requirements.
• Effective business acumen and written and verbal communication
• Demonstrates ability to identify risks and articulate complex risk management solutions to non-risk management professionals, as it relates to Cigna’s businesses.
• Proficient in Excel
• Ability to work well in a team-oriented environment
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.
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.
Please note that you must meet our posting guidelines to be eligible for consideration. Policy can be reviewed at this link.
