At a Glance
- Tasks: Lead pricing analyses and develop actuarial models for international health portfolios.
- Company: Join Cigna Healthcare, a global leader in transforming healthcare.
- Benefits: Enjoy competitive salary, private medical insurance, and educational development programmes.
- Other info: Collaborative culture with opportunities for mentorship and professional growth.
- Why this job: Make a real impact on healthcare while growing your career in a supportive environment.
- Qualifications: Experience in actuarial pricing and strong analytical skills required.
The predicted salary is between 36000 - 44000 £ per year.
Cigna Healthcare is a global health service company dedicated to transforming healthcare. With roots in the U.S. and operations in over 30 countries, we serve more than 180 million customers and patients worldwide. Our mission is to improve the health, well-being, and peace of mind of those we serve.
We're looking for an experienced actuarial professional to join our International Organisations Health (IOH) Actuarial Pricing & Consulting team. In this role, you'll play a key part in shaping the financial performance and pricing strategy of a diverse international health portfolio. Working in partnership with Underwriting, Finance, Product, Commercial, and Operational teams, you'll provide data-driven insights and actuarial expertise that support business decisions, portfolio profitability, and sustainable growth.
You will be responsible for:
- Leading pricing reviews across medical and non-medical products, analysing claims, utilisation, premium, membership, provider, and expense data to support sound pricing decisions and portfolio performance.
- Developing pricing assumptions, profitability assessments, scenario analysis, and business cases that support new business, renewals, and strategic decision-making.
- Designing, enhancing, and maintaining actuarial pricing models, tools, and methodologies, while ensuring strong governance, testing, validation, and documentation standards.
- Identifying opportunities to improve pricing processes through automation, standardisation, and the use of analytical tools such as Excel, Alteryx, SQL, Power BI, Python, or similar technologies.
- Partnering with Underwriting, Finance, Product, and Commercial teams to provide actuarial insight, challenge assumptions, and support pricing strategy across a diverse international health portfolio.
- Delivering portfolio and client profitability reviews, monitoring claims trends and emerging experience, and presenting findings and recommendations to senior stakeholders.
- Supporting strategic initiatives, pricing transformation projects, market opportunities, and the continued evolution of pricing capabilities across International Health.
What you'll bring to the role:
- Previous experience in actuarial pricing, insurance pricing, healthcare insurance, or a related analytical environment.
- Progress towards, or completion of, a recognised actuarial qualification, alongside a degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative discipline.
- Strong experience in pricing, experience analysis, profitability assessment, claims trend analysis, financial modelling, and business case development.
- Experience working with healthcare, medical, life, disability, accident, income protection, or other insurance products.
- Advanced Excel skills, with experience developing, reviewing, and maintaining complex actuarial or pricing models.
- Experience applying analytical and automation tools such as Alteryx, SQL, Power BI, Python, or similar technologies.
- Strong understanding of actuarial modelling, pricing governance, control frameworks, and risk management principles.
- Experience partnering with Underwriting, Finance, Product, Commercial, or other business stakeholders to support pricing and portfolio decisions.
- Ability to communicate complex technical concepts and actuarial insights to both technical and non-technical audiences, including senior leadership.
- Experience working within international organisations, global portfolios, or multi-currency environments would be advantageous.
- Previous experience mentoring, coaching, or reviewing the work of junior colleagues would be beneficial.
Why you'll love working here:
- Competitive salary
- Multicultural and hybrid working environment
- Private Medical Insurance
- Employee Wellbeing Benefits
- Educational Development Program
Senior Actuarial Analyst / Actuarial Consultant (Pricing & Consulting) in Glasgow employer: Cigna Group
Cigna Healthcare is an exceptional employer that prioritises employee well-being and professional growth within a supportive, multicultural environment. As a Senior Client Manager, you will enjoy a competitive salary, private medical insurance, and access to educational development programmes, all while working collaboratively to make a meaningful impact in the healthcare sector. Join us to thrive in a role that values innovation and fosters strong relationships with clients across a global portfolio.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst / Actuarial Consultant (Pricing & Consulting) in Glasgow
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
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✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Cigna Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Actuarial Analyst / Actuarial Consultant (Pricing & Consulting) in Glasgow
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Cigna Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Cigna Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Cigna Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Cigna Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Cigna Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Cigna Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
