Financial Analysis Senior Manager

The Medical Expense FP&A Senior Manager will manage projection and results analysis for core Medicare Advantage Part C medical claims expense processed and paid on a fee-for-service (FFS) basis.

They will manage a small team of direct reports responsible for : (a) completing a quarterly GAAP financial projection for these expenses, (b) reviewing and explaining monthly actual results relative to projection, and (c) working internally and cross-functionally to enhance the granularity and decision-making influence of the projection and analysis process.

Model enhancement and greater integration with matrix teams under responsibility (c) is expected to be the largest focus for the manager in the medium and long term.

This individual will work with various teams including, but not limited to FP&A centralization, Market Finance, Product, Pricing, Reserving, Operations, and external Audit Firms.

Given the close partnership between this team and the Actuarial Pricing and Reserving teams, an actuarial background and SOA credential (ASA or FSA) is strongly preferred but not required (otherwise, familiarity with forecasting and reserving is a must). Responsibilities

• Review and approve proposed fee-for-service (FFS) medical expense projections. Challenge assumptions where appropriate and request adequate support.
• Explain both proposed projections and results relative to expectations to senior leadership. Provide insights on actionable takeaways.
• Guide the team on appropriate prioritization of model development / enhancement and completion of core deliverables around monthly financial close or quarterly projection refresh.
• Consider and implement ways to improve accuracy, completeness, granularity, or efficiency in calculating fee-for-service (FFS) liabilities.
• Collaborate with Contracting / Medical Economics / Clinical / etc. teams to improve the operational / clinical relevance and actionability of the projection and results analysis work.
• Help ensure that all reporting and results are provided in a timely and well-structured manner to stakeholders including the Enterprise FP&A team and Accounting team.

Qualifications and Competencies

• Bachelor's degree in Analytics, Health Information Management, Management Information Systems, Finance, Economics, or related field strongly preferred
• 5+ years of experience with complex model / data governance (primarily in Excel / SQL). Familiarity with R / Python a plus.
• Experience with medical claims, clinical, and financial data
• An actuarial background and SOA credential (ASA or FSA) is strongly preferred but not required (otherwise, familiarity with forecasting and reserving is needed).
• Familiarity with model principles for financial projection, actual-to-expected analysis, and ideally short duration financial reserves.
• Experience organizing best practices for automated workflow development, ensuring consistency in documentation and coding styles across a team to help enable portability of models among analysts.
• Proven ability to work collaboratively in complex matrix organizations, driving outstanding results.
• Strong verbal / written communication skills to work with various matrix partners such as Actuaries, Data Scientists, Clinical Leaders, and Information Technology teams.
• Willingness to learn and apply new skills to improve processes. 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.

For this position, we anticipate offering an annual salary of 120,400 - 200,600 USD / yearly, depending on relevant factors, including experience and geographic location.

This role is also anticipated to be eligible to participate in an annual bonus plan. We want you to be healthy, balanced, and feel secure.

That's why you'll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you'll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs.

We also offer 401(k) with company match, company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year and paid holidays.

For more details on our employee benefits programs, visit Life at Cigna Group . 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 has a tobacco-free policy and reserves the right not to hire tobacco / nicotine users in states where that is legally permissible.

Candidates in such states who use tobacco / nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment.

These states include : Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.