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Actuarial Executive Development Program

A Great Start…

Would you like to work on cutting-edge projects? Would you like to learn about what Cigna is doing to improve health care in America? Are you interested in diverse opportunities for growth, learning, and development?

 

At Cigna, we have relied on – and will continue to rely on – a wealth of talented actuarial professionals to help drive our success. As a Program Associate, you’ll share in this history and help shape our future through contributions to the financial functions and business operations.

 

Along the way, you will be afforded with numerous opportunities for personal growth and development.. Similar to those before, you’ll prepare for your career in the actuarial field through a combination of on-the-job training, classroom learning, and a strong focus on actuarial exams. In the Actuarial Executive Development Program (AEDP), you will use your analytical, mathematical, and leadership skills to predict the costs of products and services, while working to improve Cigna's bottom line.

“Knowing that I could develop beyond the theories I studied at school, learn from a large community of actuaries, and influence the organization was very important to me."

-Jason, Program Associate

 

Learn about our AEDP Summer Internship.

 

 

 

AEDP Full Time Program

 

Challenge Yourself

As a member of the AEDP, you will receive a challenging job assignment immediately, even as a summer intern. You will be placed in one of a variety of financial roles, such as pricing, reserving, financial planning, or product development. You will work in the profit centers of our businesses interacting with customers, underwriters, other program associates, and management.

 

AEDP Associates share much in common: education, intellectual curiosity, career aspirations. You’ll be able to connect with members of the actuarial community at company-sponsored forums. Ultimately, you will be part of a group with a similar set of goals and professional pursuits: earning a Fellowship of the Society of Actuaries (FSA) designation, being challenged, working hard, and making a positive difference to Cigna’s bottom line.

 

To learn more about an actuarial career, check out these web sites:

 

Download "Actuarial Exams 101" – a quick reference guide to the actuarial exam process.

 

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Teach Yourself

Continuous learning is the essence of the AEDP. Full-time associates are assigned new job rotations every 18-24 months, on average, and receive extensive business and leadership training, coaching, and mentoring. Your Program Director, an FSA, will work with you to create a development plan that builds on your strengths, identifies and addresses your development needs, and meets your personal goals and aspirations. 

 

Job Rotation Examples:

First Rotation: Working on the financial reporting and analysis of group life products in Reserving

Second Rotation: Setting rates for all medical products for a specific region of the country in Pricing; second-rotation Program Associates often manage a summer intern

 

Your progress is focused on fostering and mastering five key competencies – analytical, business knowledge, communication, leadership, and technical – to prepare you for a successful career as a financial executive at Cigna. 

 

An integral part of your technical development is progressing through the actuarial examinations. Obtaining an FSA designation is a rigorous process that includes exams and successful completion of projects and seminars that focus on professional development. 

 

Cigna supports and rewards determined FSA candidates. Here’s the training you’ll receive as a Program Associate pursuing your FSA designation:

  • Coaching and mentoring by current FSAs
  • 80-140 hours of on-the-job study time per exam
  • Paid tuition for review courses, seminars, and test fees
  • Reimbursement for study materials and travel costs to exams and seminars
  • Paid time off to take the exam

 

You will also receive an increase in salary for every exam you pass, in addition to your yearly merit increases. Exam pass rates for Cigna AEDP Associates are significantly higher than the national average. Historically, this translates to most Cigna candidates earning their FSA designation in 5 years – approximately half the time it takes other FSAs to complete the requirements.

 

Read more on the actuarial education process, including a summary of the Society of Actuaries' Examination requirements.

 

You can learn more about the actuarial exam study process by visiting these websites:

 

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Reward Yourself

You will emerge from the program with the knowledge and experience to become an actuary in finance, investment, operations, or a business division of Cigna.

"The AEDP is a tremendous opportunity. It provides members a path for career development. My experience with the program has been positive, even exceeding the high expectations I had before joining." 

-Eric, Program Graduate FSA

Once you have attained your FSA and had 6-7 years of work experience, you will graduate from the AEDP – but your career development does not stop. Many FSAs continue to rotate every few years.

 

Cigna is committed to developing and rewarding top professionals who deliver results that help us achieve our business goals. You will develop your skills further through structured learning and leadership training. Lastly, Cigna welcomes and encourages FSAs to pursue many non-traditional career paths, such as roles in operations and investments.

 

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Differentiate Yourself

Successful actuaries come from a mix of educational backgrounds, many with a mathematics, engineering, economics or statistics major.

 

If you have a strong math aptitude, analytical ability, leadership qualities, effective communication skills, and a strong business sense, the AEDP may be for you. View a sample resume from an ideal AEDP candidate.

 

At Cigna, we are seeking people committed to delivering quality health care and related benefits to our members. We want the very best and brightest – people with diligence, respect, and personal accountability – are we describing you?

 

Full-time entry requirements

  • Undergraduate or graduate degree in actuarial science, math, statistics, economics, other business / engineering fields with a minimum GPA of 3.2; 3.4 or better preferred
  • Currently pursuing FSA designation; completion of Course 1/P or more preferred
  • Previous applicable work experience through full-time employment, internships or co-ops

Skills and Attributes

  • Excellent written and verbal communication and presentation skills
  • Outstanding problem-solving, analytical, and interpersonal skills
  • Business knowledge
  • Desire to develop business/actuarial skills through core and nontraditional rotations
  • Commitment to ongoing training and development
  • Initiative, dedication, and desire to become a top-ranking financial professional 

 

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How to Apply

Think this opportunity is right for you?  To be eligible for consideration, please apply online

 

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AEDP Summer Internship

 

The AEDP summer internship gives you an opportunity to experience life as an actuary at Cigna. During the program, you will learn how actuaries add value to the company's lines of business. Summer Associates are expected to successfully complete assigned projects designed to develop and enhance applied mathematical and analytic skills.

 

As a summer intern, you are paid a highly competitive salary and reside in subsidized apartments within driving distance from Cigna.

 

AEDP internships are available in Denver, CO, Hartford, CT and Philadelphia, PA.

 

Challenge Yourself

The AEDP internship is designed in much the same way as our full-time program in that, you will get into a meaningful work assignment right away. As part of a business unit during the course of your project, you'll interact with many financial, operational, and sales professionals to accomplish your project's goals. You'll be responsible, accountable, and highly visible to management and will go through extensive on-the-job training as well as participate in the summer speaker series, a unique opportunity to hear from our own senior-level actuaries. 

 

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Teach Yourself

Previous interns have helped develop pricing models, reserve valuations, and tools that allow us to understand targeted customer trends and their specific impact on our business decisions. You'll work hard, but you'll receive continuous support from your manager, the Program Director, and the actuarial community. In the end, you'll gain a clear understanding of the contribution actuaries make to the employee benefits industry. 

 

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Reward Yourself

The summer actuarial internship is a major source of our full-time hiring – many successful Cigna actuaries have started their careers in the summer program!

 

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Differentiate Yourself

Successful actuaries come from a mix of educational backgrounds, many with a mathematics, engineering, economics or statistics major.

 

If you have a strong math aptitude, analytical ability, leadership qualities, effective communication skills, and a strong business sense, the AEDP may be for you. To view the resume of an ideal AEDP candidate, please see "Differentiate Yourself" in the Full-time section above. 

 

At Cigna, we are seeking people committed to delivering quality health care and related benefits to our members. We want the very best and brightest – people with diligence, respect, and personal accountability – are we describing you?

 

Summer Internship Entry requirements

 

Minimum Qualifications

  • 3.2 GPA
  • Currently pursuing an undergraduate or graduate degree
  • Demonstrated analytical and leadership skills
  • Excellent verbal and written communication skills
  • Interest in the actuarial profession and pursuing a business leadership career

Preferred Qualifications

  • Excellent academic credentials (3.4 GPA or above)
  • Actuarial science, math, statistics, economics, other business / engineering fields majors with a
    strong math background
  • Demonstrated initiative and perseverance
  • Previous applicable work experience through internship or co-op 

 

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How to Apply

Think this opportunity is right for you?  To be eligible for consideration, please apply online

 

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Alexis
Actuarial Specialist
"CIGNA has great people and great career opportunities. Within a few months of starting I was able to get involved in everything from campus recruiting to Big Brothers Big Sisters. In addition, CIGNA's excellent formal and informal exam support helps me to balance my life and my studying."

 

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