Sr Dir, Underwriting - Remote, Certified Actuary (FSA/ASA)

Magellan Health

2d • Remote

About The Position

This position will work with assigned business units and Finance to deliver profitable growth of the business line through retention of existing relationships, new customer acquisition, and product innovation. The role leads a staff that manages the entire underwriting process for prospective clients and new customer acquisitions. Analyze claims data and develop cost-of-care projections for existing customer renewals and new business opportunities. Interact with clients as needed to resolve differences in projections are 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 Reviews utilization, cost trends, and other assumptions that are used in pricing models. Evaluate cost impact of new product initiatives and proposes rate structures to maximize profitability and ensure appropriate returns for risk. Ensure that appropriate underwriting policies and procedures are applied to new and existing business and that responses are timely. Provide recommendations on product and customer rates to senior management and coordinates approval process. Interact with clients and customers and internal staff to resolve issues related to information provided and Request For Proposal language and response expectations. Supports variety of projects from Business Unit and Corporate Finance. Manage team of pricing and reporting analysts. Other duties as assigned. The job duties listed above are representative and not intended to be all-inclusive of what may be expected of an employee assigned to this job. A leader may assign additional or other duties which would align with the intent of this job, without revision to the job description.

Requirements

• 12+ years of experience in underwriting with a 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.

Responsibilities

• Analyze claims data and develop cost-of-care projections for existing customer renewals and new business opportunities.
• Interact with clients as needed to resolve differences in projections are 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
• Reviews utilization, cost trends, and other assumptions that are used in pricing models.
• Evaluate cost impact of new product initiatives and proposes rate structures to maximize profitability and ensure appropriate returns for risk.
• Ensure that appropriate underwriting policies and procedures are applied to new and existing business and that responses are timely.
• Provide recommendations on product and customer rates to senior management and coordinates approval process.
• Interact with clients and customers and internal staff to resolve issues related to information provided and Request For Proposal language and response expectations.
• Supports variety of projects from Business Unit and Corporate Finance.
• Manage team of pricing and reporting analysts.
• Other duties as assigned.

Benefits

• This position may be eligible for short-term incentives as well as a comprehensive benefits package.
• Magellan offers a broad range of health, life, voluntary and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees