We’re in this for the greater good at ParetoHealth. Our mission is collective greatness, nothing less will do. Our team is a single force united in the drive to transform employee health benefits.
The company was founded in 2011 to help small and medium-sized businesses fight the rising cost of employee health benefits. We blazed the trail with financing innovations that reduce the risks in self-insurance and deliver significant savings—and we continue to lead with a growing ecosystem of partners and world-class cost control solutions.
But success is measured by more than dollars alone and we measure ours by the good that comes from knowing that every client and all their employees can count on effective, affordable healthcare for years to come.
We are seeking a dynamic and results-driven Vice President of New Business Underwriting to lead our New Business Underwriting team. This individual will play a pivotal role in driving strategic planning, establishing and achieving key performance indicators (KPIs), and upholding underwriting discipline as we grow our base of captive members. As a key member of the Underwriting team, the VP of New Business Underwriting will collaborate across departments to ensure the seamless delivery of value to our clients and support the ongoing growth of our business.
1. Strategic Planning:
- Develop and execute a comprehensive New Business Underwriting strategy aligned with the company’s overall goals and objectives.
- Identify opportunities for improvement within existing processes and create actionable plans to maximize efficiency and accuracy.
- Monitor industry trends and competitive landscapes to adapt strategies and maintain a competitive edge.
2. Leadership and Team Management:
- Lead, mentor, and inspire the New Business Underwriting team to achieve excellence in efficiency and accuracy.
- Establish clear roles, responsibilities, and performance expectations for team members.
- Foster a culture of accountability, collaboration, and continuous improvement.
3. KPI Development and Achievement:
- Set, track, and report on KPIs related to loss ratio, target Rate to Manual and Rate to Formula, turnaround times, hit ratios and other important metrics.
- Implement robust measurement systems to monitor performance and identify areas for improvement.
- Ensure alignment between individual, team, and organizational objectives.
4. Carrier Relationship Management:
- Build and nurture strong, trusted relationships with our stop loss carrier partners.
- Conduct regular business reviews with stop loss carriers to ensure satisfaction and identify opportunities for additional support or services.
- Serve as the escalation point for underwriting issues, ensuring timely resolution and a focus on long-term solutions.
- In partnership with Underwriting Operations, ensure continued progress of strategic integration initiatives.
5. Cross-Functional Collaboration:
- Partner with Sales and Marketing to ensure clear communication and efficiency in sales process and handoffs between Sales and Underwriting.
- Partner with Account Management, Customer Operations and Implementation teams to align customer strategies and initiatives.
- Provide insights and feedback to drive product development and service enhancements in our internal Underwriting toolkit.
- Collaborate with leadership to ensure alignment on region profitability and stop loss premium growth.
6. Continuous Improvement:
- Identify and implement best practices, tools, and technologies to optimize underwriting processes.
- Stay informed about emerging trends and innovations in the broader stop loss market.
- Promote and facilitate professional development opportunities for the New Business Underwriting team.
· Proven track record of success in Underwriting, ideally within medical stop loss underwriting.
· Demonstrated ability to build and maintain a profitable book of stop loss business.
· Experience working with the broker community and a strong understanding of broker behaviors and motivations.
· Strong strategic planning and analytical skills, with experience setting and achieving KPIs.
· Exceptional leadership and communication skills, with the ability to influence and drive results across a large team.
· Experience working with a group captive structure and familiarity with regulatory concerns and considerations.
· A growth-oriented mindset with a passion for thinking outside the box.
· Bachelor’s degree in Business, Healthcare, insurance, or a related field.
What We Offer:
· An opportunity to shape the future of our Underwriting function and contribute to the company’s long-term success.
· A collaborative and innovative work environment.
· Competitive compensation and benefits package.
· If you’re a strategic thinker with a proven ability to drive results and build lasting relationships, we invite you to apply and join our team as Vice President of New Business Underwriting.
Pareto Perks:
Pareto offers a competitive compensation package commensurate with skills and experience. In addition, Pareto offers a robust benefits package including Medical (100% employer paid), Dental, Vision, STD/LTD, and employer 401(k) contribution.
What We Live By:
1. Get it Done and Get it Done Right – We crank out work at higher rates and at a higher quality than our peers in the industry. Our ability to do a lot with a little is a driving force behind Pareto Health, one that's made our brand synonymous with class, quality, and extreme competence.
2. Fire in the Belly - We only make time for champions; we only consider those with an inner desire to excel and push things forward. Our team, our partners, our members–everyone in the Pareto Health universe–works hard, learns constantly, improves furiously, and does so with a fire in the belly.
3. See the Field - As you're stuck thinking about tomorrow, we're already on to thinking about next year. Pareto Health embodies a culture of anticipation, perception, and acting with intent. In one-on-ones, in meetings, at a company level, and at an industry level, we're always two steps ahead.
4. For the Greater Good - Our vision extends past the here and now. We're rowing in the same direction toward the common goal of transforming an industry. It's our accountability, teamwork, and responsibility that ensure as we're changing industry tides, we're helping them rise. Now watch as we lift all boats in the process.
Disclosures:
ParetoHealth is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of volunteers and vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all members of our staff, clients, volunteers, subcontractors, vendors, and clients.
California Applicants: See Pareto’s CCPA Notice of Collection for California Employees and Applicants for information about how Pareto Captive Services, LLC, Pareto Health, LLC, and Pareto Underwriting Partners, LLC, together with their respective subsidiaries (collectively, “Pareto”) collects and uses personal information submitted by employment applicants.
What We Do
ParetoHealth is the largest health benefits captive in the country, with over $3B in healthcare benefits at hand, $800M in stop-loss premium under management, and over 600,000 covered lives.
Our turnkey employee health benefit solution offers groundbreaking innovations in self-insurance with multi-year protection. With the purchasing power of a Fortune 500 company, we help small and medium-sized businesses take control of their healthcare spending and reduce risk.
ParetoHealth is pulling an industry out of its past and into a future with more predictability, transparency, control, and actionable insights.
.png){kind=logo}
_0.jpg)
