Investment Actuary - Cigna Investment Management - Hybrid

What we are looking for

The Investment Actuary helps manage The Cigna Group's U.S. insurance, international insurance, and pension portfolios. This role combines strategic leadership, technical expertise, and cross-functional partnerships to support portfolio management and investment decision-making. The ideal candidate has experience in insurance portfolio management or asset-liability management, strong analytical and problem-solving skills, and the ability to balance strategic thinking with attention to detail. Success in this role requires effective collaboration across business and investment teams.

Key Responsibilities

• Manage assigned international and U.S. insurance portfolios, including portfolio strategy development and monitoring, liquidity management, credit, risk monitoring, purchase and sale implementation, and investment allocation.
• Analyze portfolio strategy and risk management scenarios, incorporating regulatory requirements, liquidity considerations, counterparty exposure, and investment income objectives.
• Evaluate derivative hedging strategies and prepare investment recommendations and strategy memoranda.
• Monitor advancements in financial and investment modeling, risk measurement and analytics, while recommending practical applications to improve portfolio management for the project management team.
• Partner with portfolio analysts to develop client reports, senior management presentations, and portfolio management materials.
• Lead the investment allocation process for insurance portfolios, collaborating with asset teams on deal specifics, relative value assessments, and portfolio objectives.
• Leverage AI tools and technologies to improve productivity, enhance analysis, automate routine processes, and drive more effective business outcomes.
• Manage the quarterly Net Investment income review process in partnership with CIM finance.

Minimum Qualifications

• BA/BS in a related subject
• Required: FSA/ASA designation
• Preferred: CFA, CPA, MBA, or other advanced financial designation
• Minimum of 8 years of investment experience
• Strong communication, interpersonal, and organizational skills, with demonstrated intellectual curiosity, accountability, adaptability, and a sense of urgency, flexibility, ownership, and organizational agility
• Advanced understanding of pension and insurance investing concepts, including ALM, LDI, RBC, and regulatory requirements
• Advanced understanding of investment accounting principles and their impact on portfolio management across multiple relevant accounting frameworks, such as insurance regulatory, U.S. GAAP, IFRS, and tax accounting
• Ability to accommodate limited travel (up to 10%)
• Flexibility to participate in calls after normal business hours with international customers
• Position located at our corporate headquarters in Bloomfield, CT with a hybrid work arrangement (3 days in office)

Additional information

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.

Pay and benefits

For this position, we anticipate offering an annual salary of 137,900 - 229,800 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 plan.

At The Cigna Group, 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), company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year, paid holidays, and leaves of absence. For more details on our employee benefits programs,