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.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst / Actuarial Consultant (Pricing & Consulting) in Glasgow
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Cigna. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Actuarial Analyst / Actuarial Consultant (Pricing & Consulting) in Glasgow
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Cigna.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Cigna's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Cigna
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Cigna.
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✨Show Your Passion for Finance
Since this is a full-time position, employers at Cigna will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Cigna employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
