Risk & Medical Underwriting Manager-Commercial Healthcare (Hybrid)

As a Risk & Medical Underwriting Manager at Cigna Healthcare, your primary responsibilities will include managing a book of business focused on achieving profitability and growth. You'll conduct risk assessments, develop rates, and create customer presentations. In addition, managing a team of underwriters, you’ll align case decisions with emerging results and work closely with the market leadership team to understand the competitive landscape and execute growth strategies.

To qualify for the Risk & Medical Underwriting Manager position at Cigna Healthcare, you should have a minimum of 5 years of experience in healthcare underwriting or a similar field. Management experience is preferred. Additionally, a thorough understanding of financial and market conditions, along with strong analytical and communication skills, will set you apart from other candidates.

Candidates for the Risk & Medical Underwriting Manager position at Cigna Healthcare can expect an annual salary ranging from $99,700 to $166,100, depending on relevant experience and geographic location. This role may also be eligible for an annual bonus plan, providing a lucrative compensation package.

The Risk & Medical Underwriting Manager plays a crucial role in supporting Cigna Healthcare's goals by strategically managing financial risks and ensuring that underwriting decisions positively impact earnings, growth, and service objectives. By leading a team of underwriters and collaborating with cross-functional teams, you'll foster innovative solutions aimed at driving growth and improving client relationships.

Cigna Healthcare offers a comprehensive benefits package for the Risk & Medical Underwriting Manager position, which includes health-related benefits starting on day one, such as medical, vision, and dental coverage. Additional perks include a 401(k) plan with company match, company-paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year, and paid holidays, all aimed at supporting your overall well-being.

My approach focuses on fostering a collaborative and supportive environment where underwriters feel empowered to share ideas and seek guidance. I believe in providing continuous training and mentorship, which enhances their skills and contributes to the overall success of the team.

In assessing risk, I utilize a combination of quantitative analysis and qualitative insights. I analyze past data, consider market trends, and engage in communication with stakeholders to understand factors that may influence our risk exposure, ensuring informed decision-making.

Throughout my career, I have successfully negotiated with brokers and clients in high-stakes scenarios by ensuring transparency, presenting clear data, and building strong relationships. Striving for win-win outcomes is my priority, which has proven beneficial in maintaining long-term partnerships.

I stay informed through continuous professional development, attending industry conferences, subscribing to relevant publications, and participating in networking groups. Making it a priority to understand emerging trends ensures that I can adapt our strategies accordingly.

Effective strategies include conducting regular market analysis to identify opportunities, refining our pricing models based on data insights, and ensuring that our offerings align with customer needs. Building relationships with brokers and clients significantly supports growth and retains current business.

Certainly! I once managed a complex case involving a large employer with unique health needs. I led my team in conducting a rigorous risk assessment and collaborated with our actuarial team to create tailored underwriting solutions. Our proposal resulted in both a successful bid and a strengthened client relationship.

I handle difficult conversations by prepping thoroughly and approaching discussions with empathy and clarity. By being transparent about our decision-making process and explaining the rationale, I aim to build mutual understanding and trust while maintaining professionalism.

I utilize a variety of underwriting software and data analysis tools that provide insights into risk factors and historical data. Familiarity with industry-standard tools aids in making data-driven decisions quickly and efficiently.

To prioritize effectively, I assess the urgency and business impact of each case, leveraging project management techniques to allocate resources wisely. Regular communication with my team ensures we remain aligned and deadlines are met without sacrificing quality.

I have extensive experience with regulatory compliance and ensure that our underwriting practices align with state and federal regulations. Keeping abreast of changes in legislation allows me to maintain compliance while also safeguarding the interests of the company and our clients.