Director Underwriting - Remote

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Posted 5 days ago United States $117k - 188k (US Dollars)
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Job Description

Our work matters. We help people get the medicine they need to feel better and live well. We do notlose sight of that. It fuels our passion and drives every decision we make.Job Posting TitleDirector Underwriting - RemoteJob DescriptionThe Director of Underwriting is responsible for leading the Underwriting team responsible for providing information, analyses, and RFP support for the Organization to develop recommendations for pricing terms and structure. This position is responsible for providing overall direction and leadership to the underwriting teams, which includes oversight of both direct and carve-in lines of business. The Director is also responsible for serving as an expert consultant on matters pertaining to underwriting, performance guarantees, margin, and other financial considerations.ResponsibilitiesProvides both strategic direction and day to day guidance to a team of underwriters and managers, to maintain expert underwriting support and meet the needs of the organizationWorks with Blue Plan Underwriting and Sales Executive leadership to develop, drive, and execute ASO pricing and margin strategiesOversees and coordinates workflow for the underwriting teamWorks with proposal unit to ensure responses, including pertinent definitions and caveats, for the financial responses to all RFPs are complete and accurateConsults with Legal and Client Engagement to ensure, contractual deal terms, caveats, and other pertinent information is accurate and supports the deal as underwrittenResponsible for ensuring standard operating procedures are adhered to and that all bids are properly tracked and documentedCollaborate with management on staffing plans, productivity metrics and initiatives to improve efficiencies within the departmentOther duties as assignedMinimum QualificationsBachelor's degree in Mathematics, Accounting, Finance or related are of study, or equivalent combination of education and/or relevant work experience; HS diploma or GED is required8 years of related experience and/or training5 years of leadership/people management experienceMust be eligible to work in the United States without need for work visa or residency sponsorshipAdditional QualificationsIn-depth knowledge of mathematical applications used in underwriting function including the ability to calculate figures such as discounts, proportions and percentages, as well as the ability to apply basic concepts of business mathematics and algebra in underwriting problemsExceptional communication skills; ability to distill complex material into easy to understand presentations, effectively respond to questions and engage a variety of audiencesStrong team player with a customer service approachAbility to effectively communicate with Senior Leadership Team and Executive Leadership Team. Presents recommendations to Executive Leadership on new pricing methodologies and follows through on execution of key strategiesAbility to persuade and influence executive leadership at Prime, current Blue and prospective Blue plans with key initiatives to support margin and growth objectives for the self-insured pharmacy marketAbility to negotiate with difficult external audiences and partners to support Prime and Blue plan objectivesPreferred Qualifications3 years of experience as an Underwriting Manager with PBM experienceMinimum Physical Job RequirementsConstantly required to sit, use hands to handle or feel, talk and hearFrequently required to reach with hands and armsOccasionally required to stand, walk and stoop, kneel, and crouchOccasionally required to lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 poundsSpecific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focusReporting StructureReports to Sr Director Financial Modeling in the Finance departmentPotential pay for this position ranges from $117,900.00 - $188,500.00 based on location, experience and skills.To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail.Prime Therapeutics LLC is an Equal Opportunity Employer. We encourage qualified minority, female, veteran, disabled, and other diverse candidates to apply and be considered for open positions.