This role is WAH/Flex , which allows most work to be performed at home. WAH/Flex e mployees must be fully vaccinated against COVID – 19 if they choose to come onsite or if required to periodically come on site .
Cigna Ventures is seeking to hire a Principal to join our strategic investment team. The Principal will support the team in a variety of capacities including; deal sourcing, evaluating and executing investment opportunities, and engaging portfolio companies. 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.
Lead 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
Conduct primary and secondary research, develop investment themes and market maps, prepare investment memorandums
Work closely with portfolio company management and actively participate on boards
Actively engage internal business leaders and subject matter experts to share insights and/or support strategic growth opportunities with portfolio companies
Develop and maintain 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
Support various Cigna enterprise strategy, innovation, corporate development, and partnership initiatives
Represent Cigna Ventures at relevant start-up, investor, and/or sector-specific conferences and events
Proactive, self-directed leader with ability to successfully operate at multiple levels of management
5-10 years of relevant experience with a strong track record in venture capital, private equity, consulting, and/or investment banking preferably related to healthcare
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 familiarity with venture capital financing structures and practices
Bachelor’s degree preferred; Master’s level degree or similar experience highly preferred
About Cigna Ventures:
Cigna Ventures is the strategic venture fund of Cigna 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.
For this position, we anticipate offering an annual salary of $142,300 – $237,100, 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: http://www.cigna.com/careers
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.
IF interested, please apply here.