Hybrid Senior Underwriting Analyst

at Abarca Health

• Job title: Senior Underwriting Analyst
• Job type: Full Time
• Experience level: Senior
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, United States

About the role

• Senior Underwriting & Pricing Analyst in healthcare managing risk through pricing strategies and analytical forecasts for clients. Collaborating with sales and finance for optimal pricing models.

Responsibilities

• Perform underwriting analysis and risk assessment for new and/or renewal of large group contracts.
• Collaborate with field sales, clients, and internal management to review complex RFP's and make strategic recommendations that best fit the customer's needs.
• Develop and maintain complex financial models, integrating multiple data sources, to accurately model pricing scenario impact for new and existing business.
• Develop a keen understanding of cost drivers of the pharmacy benefit management business and forecast fixed and variable costs for prospects.
• Understand key rebate drivers and utilization changes based on industry trends to complete rebate forecasts.
• Identify outliers in prospective client claim data to ensure accuracy of pricing analyses.
• Forecast Abarca’s operating costs, ancillary fee revenues and clinical program return of investments so that Abarca can holistically understand revenues streams and customer savings opportunities for prospective and existing clients.
• Interface with internal and external business partners to develop and integrate additional product offerings.
• Utilize market intelligence to analyze competitive position on a case specific basis and develop financial comparisons.
• Negotiate and fully explain rate development, pricing components, and application of underwriting policies to present proposal recommendations and financial outcomes to internal and external constituents.
• Keep meticulous documentation, tracking and recording our pricing strategy and modeling approach for each prospect.
• Produce timely and accurate customer specific documents, deliverables, and account related information.

Requirements

• Bachelor’s Degree or Master’s Degree Business Administration, Finance, Accounting, Engineering or Statistics (In lieu of a degree, equivalent relevant experience may be considered.)
• 6+ years of experience in underwriting, analytics, or similar roles within healthcare or pharmacy benefit management industry.
• Experience managing and responding to large Request for Proposals (RFP's) with a demonstrated ability to identify customer needs and make strategic recommendations.
• Experience with Excel.
• Experience with root cause analysis and process improvement.
• Experience developing dashboards, presentations, and contextualizing findings for different audiences (executive leadership, internal teams, clients, and prospective clients, etc.)
• Excellent oral and written communication skills.

Benefits

• Flexible hybrid work model (Puerto Rico Location Only)