Role Overview:
This role is on the Cigna Pharmacy Finance team supporting Cigna Healthcare integrated pharmacy members in US Employer and IFP. Specifically, this Director will collaborate with Finance, Sales and Operational leadership to define the client pricing management strategies and manage a team responsible for executing those client pricing initiatives while optimizing opportunities for innovation, automation, and operational excellence.
Responsibilities:
Pricing Methodology:
Lead the client MAC pricing and Specialty pricing methodologies, including model development, scenario analysis, and operational rollout, to optimize financial outcomes for the business and support key strategic initiatives
Drive enhancements to pricing methodologies by partnering with matrix partners in designing and implementing innovative pricing strategies and by deriving insights from claim experience and competitive intelligence.
Support the development and implementation of innovative pricing solutions in support of new Cigna Pharmacy programs and initiatives including PBM 3.0., transparency pricing, etc.
Pricing Management:
Own the end-to-end modeling and operational implementation of discount performance guarantees management for Cigna clients, enabling accurate forecasting and achievement of financial commitments.
Direct the design, execution, and performance management of drug pricing strategies to support enterprise earnings targets while ensuring full compliance with client contractual commitments.
Partner with the U.S. Employer, Pharmacy Pricing and Pharmacy FP&A teams to set discount targets for the Facets commercial book of business and lead cross-functional implementation efforts to deliver full-year discount performance within targets.
Business Partnerships and Team Leadership:
Present impact of various client pricing strategies to Pharmacy Finance, Sales, Product and Pricing leadership to drive consensus on the strategies and initiatives to implement.
Connect client pricing management insights to financial results and consult with the Pharmacy FP&A team on potential impacts to projections.
Work closely with the Pharmacy Pricing team in deriving insights that can lead to improvements in the Pricing and Underwriting tools.
Collaborate with matrix partners in assessing, developing, and implementing innovative client pricing solutions.
Create a supportive team environment that emphasizes learning, sharing, continual improvement, regular feedback, support for exam progress, and ongoing career counseling.
Qualifications:
Bachelor’s degree in Finance, Actuarial Science, Mathematics, Information Management or related field strongly preferred
8+ years of financial analysis experience
Experience leading and developing a team
Experience with data analysis, data management, process management and/or Pharmacy is preferred
Strong verbal and written communication skills
Ability to travel as needed – likely 1 week/quarter
Ability to foster collaboration and thrive in a heavily matrixed and highly dynamic environment
Strong analytical and problem-solving skills
Strong proficiency in Excel and Office suite; experience with R, Databricks, Python, data management tools a plus
This role is also anticipated to be eligible to participate in an annual bonus and long term incentive plan.
At The Cigna Group, 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), 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, click here.
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. 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: 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.
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.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.