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Director Underwriting - Remote

Company

Prime Therapeutics
Address , Remote
Employment type FULL_TIME
Salary $122,700 - $196,100 a year
Expires 2023-06-18
Posted at 1 year ago
Job Description
Our work matters. We help people get the medicine they need to feel better and live well. We do not lose sight of that. It fuels our passion and drives every decision we make.
Job Posting Title
Director Underwriting - Remote
The Director of Underwriting is responsible for leading the Underwriting team responsible for providing information, analyses, and RFP support for the Organization to develop recommendations for pricing terms and structure. This position is responsible for providing overall direction and leadership to the underwriting teams, which includes oversight of both direct and carve-in lines of business. The Director is also responsible for serving as an expert consultant on matters pertaining to underwriting, performance guarantees, margin, and other financial considerations.
Responsibilities
  • Other duties as assigned
  • Works with Blue Plan Underwriting and Sales Executive leadership to develop, drive, and execute ASO pricing and margin strategies
  • Consults with Legal and Client Engagement to ensure, contractual deal terms, caveats, and other pertinent information is accurate and supports the deal as underwritten
  • Responsible for ensuring standard operating procedures are adhered to and that all bids are properly tracked and documented
  • Collaborate with management on staffing plans, productivity metrics and initiatives to improve efficiencies within the department
  • Provides both strategic direction and day to day guidance to a team of underwriters and managers, to maintain expert underwriting support and meet the needs of the organization
  • Works with proposal unit to ensure responses, including pertinent definitions and caveats, for the financial responses to all RFPs are complete and accurate
  • Oversees and coordinates workflow for the underwriting team
Minimum Qualifications
  • Must be eligible to work in the United States without need for work visa or residency sponsorship
  • Bachelor’s degree in Mathematics, Accounting, Finance or related are of study, or equivalent combination of education and/or relevant work experience; HS diploma or GED is required
  • 8 years of related experience and/or training
  • 5 years of leadership/people management experience
Additional Qualifications
  • Ability to negotiate with difficult external audiences and partners to support Prime and Blue plan objectives
  • In-depth knowledge of mathematical applications used in underwriting function including the ability to calculate figures such as discounts, proportions and percentages, as well as the ability to apply basic concepts of business mathematics and algebra in underwriting problems
  • Strong team player with a customer service approach
  • Ability to persuade and influence executive leadership at Prime, current Blue and prospective Blue plans with key initiatives to support margin and growth objectives for the self-insured pharmacy market
  • Exceptional communication skills; ability to distill complex material into easy to understand presentations, effectively respond to questions and engage a variety of audiences
  • Ability to effectively communicate with Senior Leadership Team and Executive Leadership Team. Presents recommendations to Executive Leadership on new pricing methodologies and follows through on execution of key strategies
Preferred Qualifications
  • 3 years of experience as an Underwriting Manager with PBM experience
Minimum Physical Job Requirements
  • Occasionally required to stand, walk and stoop, kneel, and crouch
  • Occasionally required to lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds
  • Frequently required to reach with hands and arms
  • Constantly required to sit, use hands to handle or feel, talk and hear
  • Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus
Reporting Structure
  • Reports to Sr Director Financial Modeling in the Finance department
Potential pay for this position ranges from $122,700.00 - $196,100.00 based on experience and skills. Pay range may vary by 8% depending on applicant location.

Prime Therapeutics LLC is an Equal Opportunity Employer. We encourage diverse candidates to apply and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, genetic information, marital status, family status, national origin, age, disability, veteran status, or any other legally protected class under federal, state, or local law.