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Investment Actuary

Cigna Investment Management (CIM) manages or oversees more than $35 billion in assets on behalf of The Cigna Group. CIM invests across public and private corporate bonds, commercial mortgages, private equity, private credit, real estate equity, public equity, and short-term investments.

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)

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 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.

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.