POSITION SUMMARY
This position will be responsible for interpreting client contracts to identify and set up of Performance Guarantees. In addition, this position will assist in reconciliation reporting. This includes gathering results and preparing reporting to present to Account Management for distribution to clients. The position requires regular communication with cross functional areas in order to meet deadlines, including Client Pricing, Account Teams, IT, Audit, etc. The ability to communicate requests, results and issues effectively with team members, management and cross functional areas is essential. The successful candidate will also be expected to proactively contribute to driving and developing best practices across the Financial Client Operations team.
SCOPE OF JOB
Position will be involved in the support of over 6,000 active clients with regards to establishing rebate sharing arrangements, rebate payments and analysis, interpreting contractual financial guarantee exclusions, financial guarantee reconciliations and analysis, and performance guarantee set ups and reporting.
ESSENTIAL FUNCTIONS
Works independently, through established procedures, to ensure appropriate assessment of Performance Guarantees
Recommends resolution of identified issues during assessment as well as efficiency process improvements.
Work cross-functionally with business partners to research and analysis Performance guarantees.
Trains/mentors fellow analysts.
Supports Management.
QUALIFICATIONS
Bachelor's degree in related field (Business, Finance, Economics).
2+ years relevant experience.
Related work experience in PBM, Pharmaceutical, or Healthcare industry preferred.
Strong SQL skills with an ability to work in multiple databases on a daily basis.
Strong analytical, planning, problem identification and resolution skills required.
Effective communication with internal and external individuals in various functional areas and at all levels of management.
Knowledge of ESI's products and services preferred.
Experience with client benefits and formularies highly preferred.
Understanding of and experience with quality and process improvement concepts, methodologies.
Requires experience in business analysis and production testing.
Demonstrated self-initiative.
Proven ability to plan for and integrate multiple tasks concurrently as well as work independently.
ABOUT THE DEPARTMENT
If your niche is in financial reporting and analysis, underwriting, cash management, audit or investor relations, our Finance department may be a perfect fit for you. Our teams within Finance work together to ensure that spending stays on track and that we remain a profitable industry leader. We're always on the lookout for innovative people who will bring outside-the-box thinking to our team.
About Cigna
Cigna Corporation exists to improve lives. We are a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Together, with colleagues around the world, we aspire to transform health services, making them more affordable and accessible to millions. Through our unmatched expertise, bold action, fresh ideas and an unwavering commitment to patient-centered care, we are a force of health services innovation. When you work with us, or one of our subsidiaries, you'll enjoy meaningful career experiences that enrich people's lives. What difference will you make?
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.
Cigna 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.
