Director of Underwriting
About The Position
As the Director of Underwriting for Providence Health Plans, you will be a pivotal force in developing strategies and policies to support profitable membership growth, retention, business expansion, and diversification in accordance with long-range plans. You will provide clear vision, direction, and consistency in risk analysis, planning, organizing, developing, implementing, evaluating, and auditing underwriting activities and models across all regions. You will identify risks related to the introduction of new products or modification of underwriting requirements and represent the Plan alongside Sales to promote pricing transparency to Producer partners and employer groups, substantiating and providing credibility around pricing decisions.
Requirements
- Educational Background: Bachelor's Degree in Finance, Mathematics, or a related field; Master's Degree in Business Administration preferred.
- Experience: 10 or more years of experience in healthcare underwriting, with 5 years in a Leadership role and 2 years leading teams through promoting teamwork, decision-making, delegation, training, and coaching.
- Analytical Expertise: Exceptional quantitative and problem-solving skills, with a thorough understanding of insurance underwriting and rating methodologies.
- Strategic Mindset: Ability to work with senior management to quickly solve difficult strategic questions.
- Technical Proficiency: Strong skills in spreadsheet, statistical, and database software packages.
- Communication Mastery: Excellent written, verbal, listening, negotiation, presentation, and math skills.
- Project Management Skills: Ability to maintain positive relationships with critical areas while achieving department objectives.
Responsibilities
- Strategic Architect: Collaborate with Plan leaders to create and implement strategies and policies that support product development efforts, profitable growth, special risk arrangements, business expansion, and diversification according to the long-range plan for fully insured commercial business.
- Performance Guide: Lead development, monitoring, and achievement of department service level standards, fostering high-performance relationships with Sales, Pharmacy, Product, and Actuarial departments.
- Underwriting Leader: Direct all rating and underwriting activities for all new and renewing fully insured large group and Association Health Plan commercial group lines of business, ensuring financial performance and development of associated pricing models.
- Transparency Advocate: Represent the Plan alongside Sales Leadership, promoting pricing transparency to Producer partners and employer groups, substantiating and providing credibility around pricing decisions.
- Compliance Champion: Ensure adherence to underwriting audits, processes, guidelines, and procedures consistent with State and Federal Law and regulatory requirements.
- Collaborative Innovator: Work with Actuarial and Finance Directors to routinely update and test rates and factors in the underwriting models, ensuring alignment with industry best practices and strategic objectives.
- Talent Developer: Mentor and coach the Underwriting Manager and staff, attracting top industry underwriting talent and fostering development and engagement within established authority levels.
- Budget Strategist: Oversee the development and achievement of the Underwriting Department's annual budget.
Benefits
- Providence offers a comprehensive benefits package including a retirement 401(k) Savings Plan with employer matching, health care benefits (medical, dental, vision), life insurance, disability insurance, time off benefits (paid parental leave, vacations, holidays, health issues), voluntary benefits, well-being resources and much more. Learn more at providence.jobs/benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Director
Industry
Hospitals
Number of Employees
5,001-10,000 employees
