Senior Director, Underwriting – Certified Actuary (FSA/ASA)

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.

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.

Apply tot his job Apply To this Job