Oversee the preparation of rating for prospective and existing business. Provide leadership and direction to underwriting staff. Provide support to corporate projects as requested, in support of strategic goals.
Directly oversee the development and issuance of rating factors and policies for the achievement of underwriting profitability to support the overall financial stability of the Vision Care line of business
Act as primary contact for Sales Management to develop financially sound quotations regarding new and existing business; develop and/or review analysis used to determine base factors rating; explain basis for premium rates calculated and factors used
Responsible for oversight, review, and approval of sales discount requests ensuring success of financial KPI’s
Oversee research, analyses, and reporting of fluctuations in membership, utilization and business results to identify trends and research variances. Make recommendations to improve company performance and resolve issues
Research, develop, and write underwriting policies and procedures; interpret and communicate established department policies
Applies advanced mathematical and statistical concepts and theories to analyze and collect data and construct solutions to business problems. Oversee research, analyses, and reporting of utilization between products, geographies, and any other strategic segmentation to advise management on potential areas of impact. Make recommendations for strategic direction
Utilizes understanding of health plan contracts, supplemental offerings, and reimbursement levels to determine the extent to which insurance plans cover medical vision care procedures and treatments
Work with the Product team in developing new and innovative products and offerings that will aid in the attainment of the company’s profitability targets
Collaborate on planning and implementing changes in underwriting systems and processes ensuring business continuity through technological process improvement
Assign, distribute, and monitor work of Underwriting personnel to ensure responsibility is at the appropriate level and team members’ skills are developed to support Underwriting business needs
Monitor unit expenses to ensure unit costs are within budgeted levels
Develop, maintain, and monitor unit standards, processes and procedures to ensure efficient, accurate and measurable Underwriting procedures
Develop & coordinate tools & training to ensure all Underwriting staff receives appropriate information/instruction
Engage in client-facing communications regarding underwriting methodologies and rates
Job Specifications
Typically has the following skills or abilities:
Bachelor’s degree in related field or equivalent experience; Minimum of 1 additional year of experience related to functional area
Minimum of 3 years of management experience with responsibilities for hiring, training, assigning work and managing performance of direct reports
Excellent interpersonal and communication skills
Proficient with spreadsheet and PC-based applications
Proven leadership and negotiating skills
#LI-VISIONCARE
Compensation range for the role is listed below. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. As a part of the compensation package, this role may include eligible bonuses and commissions. For more information regarding VSP Vision benefits, please click here.
Salary Ranges: $94,500.00 - $152,250.00VSP Vision is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to age, gender, race, color, religion, sex, national origin, gender identity, sexual orientation, disability or protected veteran status. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Notice to Candidates: Fraud Alert - Fake Job Opportunity Solicitations Used to Collect Fees/Personal Information.
We have been made aware that fake job opportunities are being offered by individuals posing as VSP Vision and affiliate recruiters. Click here to learn about our application process and what to watch for regarding false job opportunities.
As a regular part of doing business, VSP Vision (“VSP”) collects many different types of personal information, including protected health information, about our audiences, including members, doctors, clients, brokers, business partners, and employees. VSP Vision employees will have access to this sensitive personal information and are subject to follow Information Security and Privacy Policies.
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