Job Summary - Vice President, Chief Underwriter
The Chief Underwriter will be responsible for providing leadership, mentoring and oversight for all commercial financial quoting to customers, including new business group health quoting and renewals, and will have input in the strategic development of the product portfolio design, pricing strategies, financial planning, and reserve strategy. This individual will be responsible and accountable for the success of developing underwriting strategies and executing against plans that support organizational objectives and long-range plans to achieve growth and financial profitability. The Chief Underwriter will directly manage, mentor, and lead a team of underwriters and support staff. Responsibilities include but are not limited to effectively interviewing, hiring and training employees; planning, assigning and directing work; appraising performance; rewarding and counseling employees; addressing complaints and resolving problems. Strategic management and budget oversight for quoting platforms and vendors; monthly and annual oversight and roadmap to support all Employer Solutions underwriting.
This leader is also responsible for setting targets in alignment with Finance/Actuarial including defined margin targets annually for self-funded and fully funded commercial employer group markets for small, mid, large and key commercial markets. Financial performance for line of business P&L monitor within the Priority Health Managed Benefits and Priority Health Insurance Company licensing for monthly reporting and monitoring. In addition, annual membership and margin forecasting and collaborative partnership with Employer Solutions VP's of Sales and Client Services will be required. Responsible for product innovation and portfolio line of business pricing, forecasting and ideation for Employer Solutions for all funding products in the portfolio.
Oversight and management of employer and agent reporting for Employer Solutions – execution and ongoing roadmap for future planning. Leadership of the Underwriting team to support the line of business trend management, P&L sustainability and employer utilization trends for fully insured and self-insured commercial markets.
Essential Functions - VP, Chief Underwriter
Develop financial renewals and new business financial proposals for group employers for commercial and Group Medicare markets using a variety of financial arrangements including: community rating, modified community rating, adjusted experience rating, experience rating, self-funded and stop loss arrangements. Renewals must ensure that Priority Health remains competitive in the marketplace while providing income and membership in accordance with organization goals and financial objectives.
Price products consistent with Priority Health’s financial and membership growth objectives. Generate new business quotes that are competitive in the marketplace while supporting achieving the Corporation’s financial and membership goals. Provide analysis and projections, financial management, and case level underwriting of risk business to achieve targeted operating income and membership. Balance growth and profitability goals to attain maximum results.
Meet with key brokers to assess market trends, develop strategic focus, and adjust market goals as necessary. Assist and participate in negotiations and sales presentations with customers when needed.
Support product development, including origination and evaluation of new product ideas, and pricing and maintenance of existing products.
Support Employer Solutions P &L leadership based financial monitoring and reporting inclusive of the strategic oversight of employer insights execution.
Provide assumptions and data to financial accounting and tax units for projecting future results on product lines.
Develop and maintain strong working relationships with Employer Solutions leaders, and key stakeholders of Finance, Analytics and Actuarial.
Lead, develop, coach and evolve the Underwriting Department and Employer Insights teams, including focus on continuous improvement processes, while expanding the Underwriters’ knowledge of experience-rated group pricing methodologies and other risk analysis tools, P&L and technology platforms for quoting and CRM.
Qualifications - VP, Chief Underwriter
- Required Bachelor's Degree
- Preferred Master's Degree Business, Accounting or related area
- 10 years of relevant experience leadership experience Required
5 years of relevant experience People management or consulting leadership Preferred
Physical Demands - VP, Chief Underwriter
- Pallet to Waist (6" from floor) > 5 lbs: Seldom up to 10 lbs
- Waist to Waist > 5 lbs: Seldom up to 10 lbs
- Waist to Chest (below shoulder) > 5 lbs: Seldom up to 10 lbs
- Waist to Overhead > 5 lbs: Seldom up to 10 lbs
- Bilateral Carry > 5 lbs: Seldom up to 10 lbs
- Unilateral Carry > 5 lbs: Seldom up to 10 lbs
- Pushing Force > 5 lbs: Seldom up to 10 lbs
- Pulling Force > 5 lbs: Seldom up to 10 lbs
- Sitting: Frequently
- Standing: Occasionally
- Walking: Occasionally
- Forward Bend - Standing: Seldom
- Forward Bend - Sitting: Occasionally
- Trunk Rotation - Standing: Seldom
- Trunk Rotation - Sitting: Occasionally
- Reach - Above Shoulder: Seldom
- Reach - at Shoulder or Below: Seldom
- Handling: Occasionally
- Forceful Grip > 5 lbs: Seldom
- Forceful Pinch > 2 lbs: Seldom
- Finger/Hand Dexterity: Frequently
How Corewell Health cares for you
Comprehensive benefits package to meet your financial, health, and work/life balance goals. Learn more here.
On-demand pay program powered by Payactiv
Discounts directory with deals on the things that matter to you, like restaurants, phone plans, spas, and more!
Optional identity theft protection, home and auto insurance, pet insurance
Traditional and Roth retirement options with service contribution and match savings
Eligibility for benefits is determined by employment type and status
Primary Location
SITE - Priority Health - 1241 E BeltlineAve NE - Grand RapidsDepartment Name
Commercial Executive - PH Managed BenefitsEmployment Type
Full timeShift
Day (United States of America)Weekly Scheduled Hours
40Hours of Work
8:00 a.m. to 5:00 p.m.Days Worked
Monday to FridayWeekend Frequency
N/ACURRENT COREWELL HEALTH TEAM MEMBERS – Please apply through Find Jobs from your Workday team member account. This career site is for Non-Corewell Health team members only.
Corewell Health is committed to providing a safe environment for our team members, patients, visitors, and community. We require a drug-free workplace and require team members to comply with the MMR, Varicella, Tdap, and Influenza vaccine requirement if in an on-site or hybrid workplace category. We are committed to supporting prospective team members who require reasonable accommodations to participate in the job application process, to perform the essential functions of a job, or to enjoy equal benefits and privileges of employment due to a disability, pregnancy, or sincerely held religious belief.
Corewell Health grants equal employment opportunity to all qualified persons without regard to race, color, national origin, sex, disability, age, religion, genetic information, marital status, height, weight, gender, pregnancy, sexual orientation, gender identity or expression, veteran status, or any other legally protected category.
An interconnected, collaborative culture where all are encouraged to bring their whole selves to work, is vital to the health of our organization. As a health system, we advocate for equity as we care for our patients, our communities, and each other. From workshops that develop cultural intelligence, to our inclusion resource groups for people to find community and empowerment at work, we are dedicated to ongoing resources that advance our values of diversity, equity, and inclusion in all that we do. We invite those that share in our commitment to join our team.
You may request assistance in completing the application process by calling 616.486.7447.
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