What are the responsibilities and job description for the Cigna Ventures Managing Director position at Cigna?
Cigna Ventures is seeking to hire a Managing Director to join our strategic investment team. The Managing Director will be responsible for identifying, analyzing and executing strategic investment opportunities for the enterprise. This leader will provide strategic thought leadership around development of new areas for growth, innovative products, partnerships and business opportunities that support our consumer centric operating model. This role will work with senior leadership to determine key strategic business priorities that create a distinct competitive advantage for Cigna in the marketplace. Additionally, the Managing Director will interact extensively with internal business leaders and subject matter experts across Cigna and Evernorth in order to validate strategic alignment and facilitate post-investment execution.
ESSENTIAL FUNCTIONS
Conducts strategic analyses, prepares business cases, and performs business intelligence research. Drives strategic focus to new growth opportunities and scalable programs that increase operating efficiency.
Leads generation and active prospecting for potential new investment opportunities that meet our target profile and are turned into potential new business opportunities. Prepares investment recommendations for the Cigna Ventures Board of Managers.
Provides governance and strategic oversight of strategic initiatives and be accountable for all deliverables produced by the team.
Partners with the various Cigna business unit leaders to ensure business unit strategies are tightly aligned with Cigna and Evernorth priorities.
Leads all aspects of the deal process from sourcing opportunities, completing rigorous due diligence, building financial models, negotiating deal terms, to engaging portfolio companies post-close.
Conducts primary and secondary research, develop investment themes and market maps, prepare investment memorandums.
Works closely with portfolio company management and actively participate on boards.
Actively engages internal business leaders and subject matter experts to share insights and/or support strategic growth opportunities with portfolio companies.
Develops and maintains brand and network across healthcare and VC ecosystem as a source of deal flow, co-investors, market insights.
Contribute to various fund operations and team initiatives such as CRM updates, financial reporting, and continued talent development
Supports various Cigna enterprise strategy, innovation, corporate development, and partnership initiatives.
Represents Cigna Ventures at relevant start-up, investor, and/or sector-specific conferences and events.
Provides functional and industry expertise to support analysis and review of business development opportunities.
Develops and maintains a stable of entrepreneur relationships for the purpose of identifying potential business partnerships and investments.
Cultivates deep relationships with senior Venture Capital partners and other key partners in the VC ecosystem.
QUALIFICATIONS
Bachelor’s degree required; Master’s level degree highly preferred.
Venture capital, private equity investment or investment banking background is a plus.
10 years of relevant healthcare consulting or senior leader experience.
Both management consulting and business development experience, as well as a proven track record at prior companies to be competitive and successful in the healthcare market.
Well-honed consulting skills enabling the individual to work with others to elicit information, to think objectively and analytically and to influence outcomes positively.
Fact-based problem solver with the ability to evaluate alternative courses of action and make sound management decisions.
Experience with cross-functional initiatives, with a high degree of complexity.
Ability to present and develop presentations.
Demonstrates ability to lead, influence and problem-solve across various Cigna businesses.
Strong modeling capability and financial management skills.
Strong project management skills.
Strong written and verbal communication skills.
Strategic acumen.
Able to manage multiple priorities and deal with ambiguity.
Able to work independently and as part of a collaborative group.
For this position, we anticipate offering an annual salary of $196,700 - $327,900, depending on relevant factors, including experience and geographic location.
This role is also anticipated to be eligible to participate in an annual bonus and long term incentive plan.
Helping our customers achieve healthier, more secure lives is at the heart of what we do. While you take care of our customers, we’ll take care of you through a comprehensive benefits program that helps you be at your best. Starting on day one of your employment, you’ll be offered several health-related benefits including medical, vision, dental, and best in class well-being and behavioral health programs. We also offer 401(k) with company match, company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year and dozens of corporate discounts on essentials you use every day. For more details on our employee benefits programs, please visit the “Life at Cigna” tab on our careersite: www.cigna.com/careers
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.
ESSENTIAL FUNCTIONS
Conducts strategic analyses, prepares business cases, and performs business intelligence research. Drives strategic focus to new growth opportunities and scalable programs that increase operating efficiency.
Leads generation and active prospecting for potential new investment opportunities that meet our target profile and are turned into potential new business opportunities. Prepares investment recommendations for the Cigna Ventures Board of Managers.
Provides governance and strategic oversight of strategic initiatives and be accountable for all deliverables produced by the team.
Partners with the various Cigna business unit leaders to ensure business unit strategies are tightly aligned with Cigna and Evernorth priorities.
Leads all aspects of the deal process from sourcing opportunities, completing rigorous due diligence, building financial models, negotiating deal terms, to engaging portfolio companies post-close.
Conducts primary and secondary research, develop investment themes and market maps, prepare investment memorandums.
Works closely with portfolio company management and actively participate on boards.
Actively engages internal business leaders and subject matter experts to share insights and/or support strategic growth opportunities with portfolio companies.
Develops and maintains brand and network across healthcare and VC ecosystem as a source of deal flow, co-investors, market insights.
Contribute to various fund operations and team initiatives such as CRM updates, financial reporting, and continued talent development
Supports various Cigna enterprise strategy, innovation, corporate development, and partnership initiatives.
Represents Cigna Ventures at relevant start-up, investor, and/or sector-specific conferences and events.
Provides functional and industry expertise to support analysis and review of business development opportunities.
Develops and maintains a stable of entrepreneur relationships for the purpose of identifying potential business partnerships and investments.
Cultivates deep relationships with senior Venture Capital partners and other key partners in the VC ecosystem.
QUALIFICATIONS
Bachelor’s degree required; Master’s level degree highly preferred.
Venture capital, private equity investment or investment banking background is a plus.
10 years of relevant healthcare consulting or senior leader experience.
Both management consulting and business development experience, as well as a proven track record at prior companies to be competitive and successful in the healthcare market.
Well-honed consulting skills enabling the individual to work with others to elicit information, to think objectively and analytically and to influence outcomes positively.
Fact-based problem solver with the ability to evaluate alternative courses of action and make sound management decisions.
Experience with cross-functional initiatives, with a high degree of complexity.
Ability to present and develop presentations.
Demonstrates ability to lead, influence and problem-solve across various Cigna businesses.
Strong modeling capability and financial management skills.
Strong project management skills.
Strong written and verbal communication skills.
Strategic acumen.
Able to manage multiple priorities and deal with ambiguity.
Able to work independently and as part of a collaborative group.
For this position, we anticipate offering an annual salary of $196,700 - $327,900, depending on relevant factors, including experience and geographic location.
This role is also anticipated to be eligible to participate in an annual bonus and long term incentive plan.
Helping our customers achieve healthier, more secure lives is at the heart of what we do. While you take care of our customers, we’ll take care of you through a comprehensive benefits program that helps you be at your best. Starting on day one of your employment, you’ll be offered several health-related benefits including medical, vision, dental, and best in class well-being and behavioral health programs. We also offer 401(k) with company match, company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year and dozens of corporate discounts on essentials you use every day. For more details on our employee benefits programs, please visit the “Life at Cigna” tab on our careersite: www.cigna.com/careers
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.
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