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Director of Underwriting - Remote
Director of Underwriting - Remote-April 2024
Montgomery
Apr 6, 2025
About Director of Underwriting - Remote

  Our work matters. We help people get the medicine they need to feel better and live well. We do not lose sight of that. It fuels our passion and drives every decision we make.

  Job Posting Title

  Director of Underwriting - Remote

  Job Description

  The 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.

  Responsibilities

  Provides 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 organization

  Works with Blue Plan Underwriting and Sales Executive leadership to develop, drive, and execute ASO pricing and margin strategies

  Oversees and coordinates workflow for the underwriting team

  Works with proposal unit to ensure responses, including pertinent definitions and caveats, for the financial responses to all RFPs are complete and accurate

  Consults with Legal and Client Engagement to ensure, contractual deal terms, caveats, and other pertinent information is accurate and supports the deal as underwritten

  Responsible for ensuring standard operating procedures are adhered to and that all bids are properly tracked and documented

  Collaborate with management on staffing plans, productivity metrics and initiatives to improve efficiencies within the department

  Other duties as assigned

  Minimum Qualifications

  Bachelor’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 required

  8 years of related experience and/or training

  5 years of leadership/people management experience

  Must be eligible to work in the United States without need for work visa or residency sponsorship

  Additional Qualifications

  In-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 problems

  Exceptional communication skills; ability to distill complex material into easy to understand presentations, effectively respond to questions and engage a variety of audiences

  Strong team player with a customer service approach

  Ability 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 strategies

  Ability 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 market

  Ability to negotiate with difficult external audiences and partners to support Prime and Blue plan objectives

  Preferred Qualifications

  3 years of experience as an Underwriting Manager with PBM experienceMinimum Physical Job Requirements

  Constantly required to sit, use hands to handle or feel, talk and hear

  Frequently required to reach with hands and arms

  Occasionally required to stand, walk and stoop, kneel, and crouch

  Occasionally required to lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds

  Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus

  Reporting Structure

  Reports to AVP Pricing and UnderwritingPotential pay for this position ranges from $125,200.00 - $200,000.00 based on experience and skills. Pay range may vary by 8% depending on applicant location.

  To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page (https://www.primetherapeutics.com/careers/benefits/) and click on the "Benefits at a glance" button for more detail.

  Prime Therapeutics LLC is an Equal Opportunity Employer. We encourage diverse candidates to apply and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, genetic information, marital status, family status, national origin, age, disability, veteran status, or any other legally protected class under federal, state, or local law.

  Positions will be posted for a minimum of five consecutive workdays.

  Prime Therapeutics' fast-paced and dynamic work environment is ideal for proactively addressing the constant changes in today's health care industry. Our employees are involved, empowered, and rewarded for their achievements. We value new ideas and work collaboratively to provide the highest quality of care and service to our members.

  If you are looking to advance your career within a growing, team-oriented, award-winning company, apply to Prime Therapeutics today and start making a difference in people's lives.

  Prime Therapeutics LLC is an Equal Opportunity Employer. We encourage diverse candidates to apply and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. ​ If you are an applicant with a disability and need a reasonable accommodation for any part of the employment process, please contact Human Resources at 1.866.469.1257 or email [email protected].

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