VP, Underwriting Pricing and Analytics

Company

Navitus

About Us

Navitus - Putting People First in Pharmacy - Navitus was founded as an alternative to traditional pharmacy benefit manager (PBM) models. We are committed to removing cost from the drug supply chain to make medications more affordable for the people who need them. At Navitus, our team members work in an environment that celebrates diversity, fosters creativity and encourages growth. We welcome new ideas and share a passion for excellent service to our customers and each other._____________________________________________________________________________________________________________________________________________________________________________________________________________. Current associates must use SSO login option at https://employees-navitus.icims.com/ to be considered for internal opportunities. ____________________________________________________We are committed to providing equal employment opportunity to all applicants and employees and comply with all applicable nondiscrimination regulations, including those related to protected veterans and individuals with disabilities. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, or handicap.

Pay Range

USD $0.00 - USD $0.00 /Yr.

STAR Bonus % (At Risk Maximum)

37.50 - CLO, CCO, Managing VP, Other VP

Work Schedule Description (e.g. M-F 8am to 5pm)

M-F 8am to 5pm

Overview

Navitus Health Solutions is seeking a VP, Underwriting, Pricing and Analytics to join our team!

This position offers a competitive executive compensation package that includes eligibility for both short- and long-term incentives. The role is eligible for an annual STAR bonus of up to 37.5% of base salary, as well as a long-term incentive opportunity of up to 25% of base salary. We look forward to sharing additional details about the incentive programs during the interview process.

 

The VP, Underwriting Pricing and Analytics leads the pricing and financial risk management for all products and services offered by Navitus Health Solutions including coordinating consolidated pricing responses with other operating businesses. Reflecting a deep understanding of the competitive market for pharmacy benefits management products and services as well as a deep understanding of internal cost accounting for those products and services, the role will facilitate all pricing decisions and provide consultative leadership for new and renewal business opportunities and all additional products and services offered by the organization. This will include, providing priorities and direction for Network Pricing, Pharmacy Rebate pricing and trends, line of business services, and other special service offerings.

 

Is this you? Find out more below!

Responsibilities

How do I make an impact on my team? 

• Leads the selection, project assignments, performance, and development of the pricing and underwriting team.
• Partners with the divisional VP, Chief Finance Officers, Director of Actuary, and other team members responsible for cost accounting, risk assessment, market segment strategy, and Product Managers to inform product and service pricing.
• Establish and reports on measures of profitability for Product and Service portfolios.
• Utilizes pricing risk assessments conducted by the Chief Actuary and Corporate Underwriting team to facilitate product and service pricing decisions made collaboratively by clinical, financial, and growth team leaders.
• Ensures that pricing decisions appropriately reflect and balance competitive market dynamics, excellent client financial outcomes, and appropriate margin for the organization.
• Identifies opportunities to leverage technology to automate repetitive pricing and underwriting processes, reducing the total effort and time needed to conduct pricing and underwriting analysis and increasing decision speed.
• Help identify, evaluate, and implement new data-driven strategies and processes for the organization.
• Continually improve and expand the BI value to business users to meet or exceed expectations.
• Provide both content and process-oriented analytical and data expertise, advising and contributing to a wide variety of business projects.
• Ensures that the Financial Planning Analysis team is fully aware of the impact of pricing decisions and future growth to enable the development of realistic financial forecasts that inform organizational strategic planning.
• Support Sales and Customer Success with service delivery initiatives by performing analyses and relating analytic findings to business questions and objectives. This may include client, consultant, and prospect discussions to communicate value and methodology. This also includes integration of information from multiple sources, discerning implications for future analysis and identification of opportunities for enhancements.
• Prepare clear and well-organized project-specific documentation to reflect analytic methods used, key decision points, caveats, etc., with sufficient detail to support comprehension and replication of the analysis.
• Work with the Operating Committee members to identify and address expected and unforeseen data complexities to mitigate their impact on business outcomes and associated business decisions.
• Support business growth and ongoing corporate strategic planning by performing analytical research activities to provide management with information/tools for strategic decision-making and planning.
• Other duties as assigned.

Qualifications

What our team expects from you? 

• Bachelor’s degree, preferably with concentration in Accounting, Finance, Actuarial Science, Risk Management, or related field of study, required.
• 8+ years of pricing and/or underwriting experience in a Pharmacy Benefit Management, Managed Care, or adjacent setting required.
• 6 years of leadership experience in underwriting, analytics or financial services required.
• Participate in, adhere to, and support compliance program objectives.
• The ability to consistently interact cooperatively and respectfully with other employees.

What can you expect from Navitus?

• Top of the industry benefits for Health, Dental, and Vision insurance
• 20 days paid time off
• 4 weeks paid parental leave
• 9 paid holidays
• 401K company match of up to 5% - No vesting requirement
• Adoption Assistance Program
• Flexible Spending Account
• Educational Assistance Plan and Professional Membership assistance
• Referral Bonus Program – up to $750!

#LI-Hybrid

Location : Address

361 Integrity Drive 

Location : City

Madison

Location : State/Province

WI

Location : Postal Code

53717 

Location : Country

US