At a Glance
- Tasks: Lead pricing analyses and develop actuarial models for international health portfolios.
- Company: Cigna Healthcare, a global leader in health services with a supportive culture.
- Benefits: Competitive salary, private medical insurance, and educational development programmes.
- Other info: Join a diverse team committed to innovation and improving lives.
- Why this job: Make a real impact on healthcare while growing your career in a dynamic environment.
- Qualifications: Experience in actuarial pricing and strong analytical skills required.
The predicted salary is between 67500 - 82500 £ per year.
About Cigna Healthcare
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. Join our globally recognized brand, where trust, communication, and a positive culture are at the core of everything we do.
About The Role
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’ll 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
Cigna Healthcare is an exceptional employer that prioritises employee well-being and professional growth within a collaborative, multicultural environment. With competitive salaries, comprehensive private medical insurance, and a strong commitment to educational development, Cigna empowers its employees to thrive while making a meaningful impact in the healthcare sector. Join us in shaping the future of healthcare and experience a workplace where your contributions truly matter.
