Underwriting Supervisor managing a team of underwriters ensuring compliance and profitable growth at Utica National Insurance Group. Overseeing commercial lines insurance policies and enhancing agency partnerships.
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)
Job title
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Experience level
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Not specified
Degree requirement
Location requirements
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