Senior Director, Underwriting – Certified Actuary (FSA/ASA)
Location
United States
Posted
82 days ago
Salary
$127.3K - $229.1K / year
Seniority
Senior
Bachelor Degree12 yrs expEnglish
Job Description
• Work with assigned business units and Finance to deliver profitable growth of the business line
• Lead a staff managing the entire underwriting process for prospective clients
• Analyze claims data and develop cost-of-care projections for existing customer renewals and new business opportunities
• Interact with clients to resolve differences in projections and rate-setting methodology
• Incorporate administrative cost projections and business unit profit objectives to develop final rates quoted to customer
• Responsible for cost pricing, including evaluating data, building underwriting and evaluating profitability
• Complete quarterly savings reporting to current clients and provide estimated savings for prospect clients
• Review utilization, cost trends, and other assumptions used in pricing models
• Evaluate cost impact of new product initiatives and propose rate structures to maximize profitability
• Ensure appropriate underwriting policies and procedures are applied to new and existing business
• Provide recommendations on product and customer rates to senior management and coordinate approval process
• Manage team of pricing and reporting analysts.
• Support a variety of projects from Business Unit and Corporate Finance.
• Other duties as assigned.
Job Requirements
- 12+ years of experience in underwriting
- Minimum of 5 years of experience in underwriting management
- Experience in leading a team of people
- Thorough knowledge of the health care and health insurance industries
- Ability to develop and document creative approaches to underwriting new products
- Experience in analysis of medical and related administrative cost data
- Strong knowledge of underwriting principles in a managed care environment
- Excellent written and communication skills
- Ability to self-start and work independently
- Good analytical, reasoning and problem-solving skills
- Strong organizational skills and must be able to adhere to strict deadlines
- Willingness to learn new product lines and adapt to changing environment
- Strong working knowledge Microsoft Office Product suite, specifically Excel
- Experience with managing large data sets with tools such as MS Access.
Benefits
- Health, life, voluntary and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing.
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