Description
We are seeking an Investment Actuary to help manage The Cigna Group's U.S. insurance, international insurance, and pension portfolios. This role combines strategic leadership, technical expertise, and cross-functional partnerships to support portfolio management and investment decision-making.
The ideal candidate has experience in insurance portfolio management or asset-liability management, strong analytical and problem-solving skills, and the ability to balance strategic thinking with attention to detail. Success in this role requires effective collaboration across business and investment teams.
Key Responsibilities
- Manage assigned international and U.S. insurance portfolios, including portfolio strategy development and monitoring, liquidity management, credit risk monitoring, purchase and sale implementation, and investment allocation.
- Analyze portfolio strategy and risk management scenarios, incorporating regulatory requirements, liquidity considerations, counterparty exposure, and investment income objectives.
- Evaluate derivative hedging strategies and prepare investment recommendations and strategy memoranda.
- Monitor advancements in financial and investment modeling, risk measurement and analytics, while recommending practical applications to improve portfolio management.
- Partner with portfolio analysts to develop client reports, senior management presentations, and portfolio management materials.
- Lead the investment allocation process for insurance portfolios, collaborating with asset teams on deal specifics, relative value assessments, and portfolio objectives.
- Leverage AI tools and technologies to improve productivity, enhance analysis, automate routine processes, and drive more effective business outcomes.
- Manage the quarterly Net Investment income review process in partnership with CIM finance.
Minimum Qualifications
- BA/BS in a related subject
- FSA/ASA designation required; CFA, CPA, MBA, or other advanced financial designation preferred
- Minimum of 8 years of investment experience
- Strong communication, interpersonal, and organizational skills
- Advanced understanding of pension and insurance investing concepts, including ALM, LDI, RBC, and regulatory requirements
- Advanced understanding of investment accounting principles and their impact on portfolio management
- Ability to accommodate limited travel (up to 10%)
- Flexibility to participate in calls after normal business hours with international customers
- Position located at our corporate headquarters in Bloomfield, CT with a hybrid work arrangement (3 days in office)
Benefits
- Comprehensive range of benefits, including medical, vision, dental, and well-being and behavioral health programs
- 401(k)
- Company-paid life insurance
- Tuition reimbursement
- Minimum of 18 days of paid time off per year
- Paid holidays and leaves of absence
Salary
- Anticipated annual salary: $137,900 - $229,800 USD per year, depending on relevant factors, including experience and geographic location
- Eligible to participate in an annual bonus plan