Cigna
Business Finance Officer (Sr. Director)
Cigna, Bloomfield, Connecticut, us, 06002
Evernorth Accountable Care (ENAC)
is a newly formed ACO operating in start-up mode and
Payer Solutions
is a more mature network TPA business; both are strategic growth segments for Evernorth and The Cigna Group. They are leading the way to create new ways to drive value and monetize health services. And they are at the forefront of making healthcare more accessible and affordable for the customers we serve both through partnership and leveraging owned Evernorth capabilities.
In summary the BFO will oversee the finance function supporting these businesses. This will involve supporting the underlying business needs - establishing Risk Bearing Entities (RBE's), network development and supporting financial agreements, underwriting / pricing for new providers /clients / products, etc. - and will also support work at the cross-section of these business and longer term EN network needs.
Key Responsibilities:Provide business and strategic financial counsel
to business leaders and their lead team, Evernorth Finance, and Evernorth SLT.Establish and drive financial strategy.
Translate strategy into concrete and insightful financial content. Drive balance between concentric Cigna Healthcare and Evernorth strategies while also encompassing provider (inclusive of Village MD) and client needsSet up new ENAC RBE's and Specialty network entities.
Set up and monitor
Intercompany and financial agreements
to drive effective alignment of economics and compliant financial structures across the enterprise and externally.Lead
combined ENAC and Payer finance team creating appropriate integration while also helping the combined business be successful.Develop Pricing / Risk management
function to manage specialty network economics both on the supply side (provider contracting) and sell side (payer contracting).Underwrite
both new providers and payers in ENAC and new clients in PayerHelp
establish ENAC management process
with partners (Village MD initially) to ensure mutual understanding of performance and expected financial outcomes.Lead the management of annual portfolio spend and operating budget. Help the business to identify and capture operating efficiencies.Manage FP&A needs to ensure we have accurate internal and external forecasts and understanding of underlying results drivers including risk and opportunity identification.Build, lead, engage, develop and retain a small expert team and leverage enterprise finance resourcesQualifications:
Bachelor's degree in Finance, Actuarial Science, Mathematics, Statistics or other related field.MBA, FSA, CFA, CPA or other advanced certification preferred.10+ years of experience in finance or related fields, with a strong track record of success.Strong knowledge of health care industry requiredHighly analytical with the ability to navigate and use enterprise reporting systems to create strategic, actionable insights and business recommendations.Exceptional verbal and written communication skills, including an ability to independently develop and present work products to leadership teams and non-finance business partners.Must balance high-priority, long-term projects with short-term, immediate deadlines and be able to multi-task.Ability to thrive in a heavily matrixed environment.Ability to foster collaboration, value others perspectives and gain support and buy-in for organizational proposals.Leadership skills, team-orientation, collaborative mindset, and a proactive style and strong commitment to organizational successKey Competencies:
Align: Strategic Mindset, Manages Complexity / Ambiguity, Organizational SavvyInspire: Drives EngagementDevelop: Nimble LearningDeliver: Drives vision and Purpose, Action Orientated
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
For this position, we anticipate offering an annual salary of 171,300 - 285,500 USD / yearly, depending on relevant factors, including experience and geographic location.
This role is also anticipated to be eligible to participate in an annual bonus and long term incentive plan.
We want you to be healthy, balanced, and feel secure. That's why 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) with company match, 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, visit Life at Cigna Group .
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.
Qualified applicants with criminal histories will be considered for employment in a mannerconsistent with all federal, state and local ordinances.
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.
is a newly formed ACO operating in start-up mode and
Payer Solutions
is a more mature network TPA business; both are strategic growth segments for Evernorth and The Cigna Group. They are leading the way to create new ways to drive value and monetize health services. And they are at the forefront of making healthcare more accessible and affordable for the customers we serve both through partnership and leveraging owned Evernorth capabilities.
In summary the BFO will oversee the finance function supporting these businesses. This will involve supporting the underlying business needs - establishing Risk Bearing Entities (RBE's), network development and supporting financial agreements, underwriting / pricing for new providers /clients / products, etc. - and will also support work at the cross-section of these business and longer term EN network needs.
Key Responsibilities:Provide business and strategic financial counsel
to business leaders and their lead team, Evernorth Finance, and Evernorth SLT.Establish and drive financial strategy.
Translate strategy into concrete and insightful financial content. Drive balance between concentric Cigna Healthcare and Evernorth strategies while also encompassing provider (inclusive of Village MD) and client needsSet up new ENAC RBE's and Specialty network entities.
Set up and monitor
Intercompany and financial agreements
to drive effective alignment of economics and compliant financial structures across the enterprise and externally.Lead
combined ENAC and Payer finance team creating appropriate integration while also helping the combined business be successful.Develop Pricing / Risk management
function to manage specialty network economics both on the supply side (provider contracting) and sell side (payer contracting).Underwrite
both new providers and payers in ENAC and new clients in PayerHelp
establish ENAC management process
with partners (Village MD initially) to ensure mutual understanding of performance and expected financial outcomes.Lead the management of annual portfolio spend and operating budget. Help the business to identify and capture operating efficiencies.Manage FP&A needs to ensure we have accurate internal and external forecasts and understanding of underlying results drivers including risk and opportunity identification.Build, lead, engage, develop and retain a small expert team and leverage enterprise finance resourcesQualifications:
Bachelor's degree in Finance, Actuarial Science, Mathematics, Statistics or other related field.MBA, FSA, CFA, CPA or other advanced certification preferred.10+ years of experience in finance or related fields, with a strong track record of success.Strong knowledge of health care industry requiredHighly analytical with the ability to navigate and use enterprise reporting systems to create strategic, actionable insights and business recommendations.Exceptional verbal and written communication skills, including an ability to independently develop and present work products to leadership teams and non-finance business partners.Must balance high-priority, long-term projects with short-term, immediate deadlines and be able to multi-task.Ability to thrive in a heavily matrixed environment.Ability to foster collaboration, value others perspectives and gain support and buy-in for organizational proposals.Leadership skills, team-orientation, collaborative mindset, and a proactive style and strong commitment to organizational successKey Competencies:
Align: Strategic Mindset, Manages Complexity / Ambiguity, Organizational SavvyInspire: Drives EngagementDevelop: Nimble LearningDeliver: Drives vision and Purpose, Action Orientated
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
For this position, we anticipate offering an annual salary of 171,300 - 285,500 USD / yearly, depending on relevant factors, including experience and geographic location.
This role is also anticipated to be eligible to participate in an annual bonus and long term incentive plan.
We want you to be healthy, balanced, and feel secure. That's why 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) with company match, 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, visit Life at Cigna Group .
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.
Qualified applicants with criminal histories will be considered for employment in a mannerconsistent with all federal, state and local ordinances.
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.