Vice President, Chief Underwriter

Corewell Health • Grand Rapids, MI

20h • Onsite

About The Position

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.

Requirements

• Bachelor's Degree
• 10 years of relevant experience leadership experience
• 5 years of relevant experience People management or consulting leadership

Nice To Haves

• Master's Degree Business, Accounting or related area

Responsibilities

• 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.

Benefits

• Comprehensive benefits package to meet your financial, health, and work/life balance goals.
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Executive