Principal, The Cigna Group Ventures (Finance)
The Cigna Group Ventures is seeking to hire a Principal to join our strategic investment team. This person will support the team in a variety of capacities, including; deal sourcing, evaluating and executing investment opportunities, engaging portfolio companies, and fund administration. Additionally, the Principal 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.
Key Responsibilities:
- Maintain and improve data-driven processes for managing our deal pipeline
- Initial outreach, data gathering/assessment, and establishing relationships with founders
- Develop investment insights and hypotheses by conducting market, product, customer, and financial research and analysis
- Lead and support 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
- Organize information from target companies and internal/external experts
- Conduct primary and secondary market research
- Perform rigorous financial and valuation analysis
- Develop strong relationships across Cigna and Evernorth to understand strategic priorities and initiatives
- Conduct primary and secondary research, develop investment themes and market maps, prepare investment memorandums
- Collaborate with portfolio company management and participate on boards
Qualifications:
- Bachelor's degree preferred; Master's level degree or similar experience highly preferred
- 7+ years professional experience, Venture capital, private equity investment or investment banking background is a plus
- Proactive, self-directed leader with ability to successfully operate at multiple levels of management
- Strong verbal and written communication skills with ability to quickly gather and synthesize information, draw appropriate conclusions, and make value-added recommendations
- Understanding of clinical, operational, and financial drivers of healthcare industry and organizations
- Demonstrated problem-solving, quantitative, and qualitative analysis skills, including financial modeling and valuation techniques
About The Cigna Group Ventures:
Cigna Ventures is the strategic venture fund of The Cigna Group Corporation, a leading global health service company with more than 190 million customer relationships in more than 30 countries. We partner closely with entrepreneurs who share our tenacity to unlock bold new opportunities to improve people's health and make health care more affordable, predictable and simple.
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 148,700 - 247,800 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 and long term incentive plan.
We want you to be healthy, balanced, and feel secure. That's why 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) with company match, company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year and paid holidays. For more details on our employee benefits programs, visit Life at Cigna Group .
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we're dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.
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.
The Cigna Group 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.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.
