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Cigna

Product Strategy Senior Director - Stop Loss

Cigna, Chattanooga, Tennessee, United States, 37450


This leadership role will be the owner of our Stop Loss business. Cigna leads the nation with the most Stop Loss revenue. The Stop Loss book of business creates immense value for Cigna by bringing in over $4B of revenue annually with earnings of approximately $1B. The senior director of Stop Loss will be responsible for protecting and growing this business through driving our high-cost claim strategy, maximizing Cigna's ability to assess risk, and presenting innovative solutions to the market. The management process will pull in dedicated leaders who drive the stop loss solution from their area of expertise including finance, pricing, underwriting, marketing, solutions, and global data & analytics. This role will also have direct accountability for stop loss operations, sales support, market interface, and project management. This role is accountable for earnings results and drives conversations with key leaders around growth, profit, and financial planning. SPECIFIC ACTIVITIES: Identify, develop, and lead strategies to maintain and expand the companys position as the leading stop loss carrier in the market. Analyze market dynamics and develop strategic responses that address key stakeholder needs while balancing Cigna risk. Collaborate with the product strategy manager to evaluate opportunities and launch innovative solutions that enhance affordability and improve the predictability of high-cost claims for clients. In partnership with Cigna's Affordability, Governance, & Execution organization, consider options to reduce the contracted rate for high-cost claims. Maintain close, collaborative partnership with buyer groups, markets, solutions, underwriting, finance (pricing, reserves, BFOs) and accounting to understand needs and support delivery of plan KPIs. Oversee end-to-end operations, including claims management, contract administration, account management, and producer relations/agreements. This role ensures seamless coordination across these areas to drive operational excellence, optimize client outcomes, and strengthen key partnerships. Ensure Cigna maintains the appropriate level of service and positioning for clients that place stop loss with a third-party carrier. Take a broad, strategic approach, balancing enterprise priorities, P&L responsibilities, and market-driven needs. Identify and develop required talent to support defined future state of the Stop Loss team. Participate as subject matter expert in cross-enterprise initiatives and work groups involving risk-bearing concepts. Qualifications Seasoned professional with 10-15 years of professional experience across a variety of roles and leadership in a product/marketing or financial role Strong P&L orientation and financial acumen Ability to drive strategy, project initiatives and enterprise view as well as organizational agility across multiple functional areas pulling through strategy and driving as one cohesive team. Market oriented with passion for a strong understanding and connections with markets, buyer groups and key matrix partners. Ability to lead through ambiguity and be a change agent. Demonstrates the capacity to synthesize complex information from disparate sources into a clear compelling story that helps the organization commit to action. Proven ability to work effectively and with executive level leaders. Ability to establish a vision and effectively communicate it to audiences of varied levels of experience. Ability to problem solve, identify, and remove roadblocks, triage, and prioritize issues. Ability to analyze complex information and draw relevant conclusions. Ability to effectively hire, develop and lead a team to high performance. J-18808-Ljbffr