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VP UNDERWRITING & PRICING in Boston, MA at Beacon Health Options

Date Posted: 1/2/2019

Job Snapshot

Job Description


We are currently seeking a dynamic VP of Underwriting & Pricing to join our team at our corporate office in Boston, MA!  The VP of Underwriting & Pricing reports directly to the SVP, Chief Actuary and has key top-line responsibilities for one or two of Beacon Health’s five regions.  This position continually interacts with senior leadership of the regions they are responsible and is a key point of contact for the regional CFO and regional president within the actuarial and underwriting area.

Position Responsibilities:

  1. Monitor experience and develop expert knowledge of the assigned regions. This encompasses all lines of business including but not limited to Large commercial. QHPs, Medicare and Medicaid
  2. Maintains understanding of regional P&L including keeping abreast of any significant operational issues,  Alerts regional leadership and Chief Actuary of any concerning risks and changes to the market
  3. Develop and maintain admin cost models for existing and new accounts in the region by understanding operations, staffing needs, overhead allocations etc.
  4. Develop new business pricing and renewal pricing for key market accounts. This includes admin for ASO clients and medical cost pricing for risk clients
  5. Be able to react quickly to changes in the market such as deployment of ACO models
  6. Monitor account medical trends by level of care
  7. Understand the financials for key accounts in the market and be aware of changes to legislation impacting risk and ASO accounts
  8. Drives pricing strategy and negotiations with clients
  9. Provides revenue projections for regions to company planning and forecasting process
  10. Work with account management to deliver timely renewals and responses to new business opportunities
  11. Works with compliance to keep abreast of any relevant legislation especially changes impacting Medicaid
  12. Works with other underwriting VPs to establish consistent approaches to pricing and underwriting across markets
  13. Regular review and reporting of performance to regional leadership of accounts in the underwriter’s region. 
  14. Manages a small team of up to two underwriters while interacting closely with entire Actuarial, Underwriting and Health Care Economics team 

Position Requirements:
Education: Bachelor’s degree in a business, accounting, mathematical or science discipline preferredAdvance degree such an MBA, ASA preferred
Licensure: ASA ideal but not necessary

Relevant Work Experience:

  • A minimum of 10 years in pricing, underwriting or financial planning involving a significant degree of interaction with sales, account management and/or clients
  • At least 5 years of experience in managing teams
  •  Excellent communication skills, proven ability to work with leaders, subordinates and peers
  • Strong grasp of the insurance business, ability to represent Beacon in front of clients and negotiate effectively
  • Experience underwriting large accounts preferred, Medicaid experience useful

Knowledge, Skills & Abilities:

  • Analytical and problem solving ability
  • MS Office
  • Collaboration and a team oriented work philosophy


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Beacon Health Options is proud to be an Equal Opportunity and Affirmative Action Employer as well as a Drug Free and Tobacco Free Work Environment. EOE/AA/M/F/Veterans/Disabled