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Actuarial Director (Cigna Supplemental Benefits Valuation) at Cigna in Austin, Texas

Posted in General Business 30+ days ago.

Type: Full-Time





Job Description:

Remote, Work from home, United States

Job Summary

This position leads Cigna Supplemental Benefits (CSB)'s Valuation team and related ongoing financial reporting functions. CSB is a profitably growing division of Cigna selling Medicare Supplement and other Supplemental Health and Life products. Current annual revenues are $1.3B, with total liability/DAC balances of approximately $1B.

Responsibilities:


  • Serve as Appointed Actuary for CSB Legal Entities, coordinating all annual actuarial statement deliverables.


  • Establish monthly balances for claim and policy liabilities/assets including IBNR, UEP, ALR, and DAC.


  • Determine and explain drivers of earnings variances related to premium, claims, and reserves on a monthly cycle.


  • Complete testing related to Stat and GAAP reporting requirements including Annual Statement reporting, Cash Flow Testing, DAC Recoverability Testing, and Loss Recognition Testing.


  • Update and implement reserving/financial processes to coincide with new product and Medicare Supplement charter launches.


  • Own and execute Sarbanes-Oxley controls and other governance processes.


  • Lead project management of FASB Long Duration Targeted Improvements including implementation of methodology/process changes, understanding impacts, and communication of impacts.


  • Lead actuarial valuation team and effective ongoing management of valuation functions . Coach and develop talent across team of actuaries and financial analysts.


  • Partner with other leaders in Actuarial team and across CSB to drive towards successful outcomes and achievement of strategic objectives. Develop and provide unique insights that support and enable achievement of such goals.


Qualifications:


  • Bachelor's degree in Actuarial Science, Mathematics, Statistics or related field


  • FSA required -- Able to serve as Appointed Actuary and able to sign Statement of Actuarial Opinion; MAAA strongly preferred


  • 8+ years of actuarial or related experience


  • Valuation experience preferred


  • Strong analytical and problem solving skills


  • Strong leadership skills and ability to influence cross-functional groups


  • Continuous improvement mindset and ability to drive process and tool improvements


This role is Flex/WFH which allows most work to be performed at home or on occasion at a Cigna office location. Employees must be fully vaccinated if they choose to come onsite.

This position is not eligible to be performed in Colorado.

About Cigna

Cigna Corporation exists to improve lives. We are a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Together, with colleagues around the world, we aspire to transform health services, making them more affordable and accessible to millions. Through our unmatched expertise, bold action, fresh ideas and an unwavering commitment to patient-centered care, we are a force of health services innovation. When you work with us, or one of our subsidiaries, you'll enjoy meaningful career experiences that enrich people's lives. What difference will you make?

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.





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