Principal, Underwriting-1

About this role

Exemption Status: United States of America (Exempt)

$114,622 - $160,472 - $206,321 “Pay scale information is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any selected candidate or employee, which is always dependent on actual experience, education, qualifications, and other factors.  A full review of our comprehensive pay and benefits will be discussed at the offer stage with the selected candidate.”

This position is not eligible for Sponsorship.

MedImpact Healthcare Systems, Inc. is looking for extraordinary people to join our team!

Why join MedImpact? Because our success is dependent on you; innovative professionals with top notch skills who thrive on opportunity, high performance, and teamwork. We look for individuals who want to work on a team that cares about making a difference in the value of healthcare.

At MedImpact, we deliver leading edge pharmaceutical and technology related solutions that dramatically improve the value of health care. We provide superior outcomes to those we serve through innovative products, systems, and services that provide transparency and promote choice in decision making. Our vision is to set the standard in providing solutions that optimize satisfaction, service, cost, and quality in the healthcare industry. We are the premier Pharmacy Benefits Management solution!

Job Description Summary

The Principal, Underwriting provides detailed and timely documents to assist departments to obtain and maintain clients.  This position ensures that financial opportunities are aligned with corporate strategies.  

Essential Duties and Responsibilities include the following. Other duties may be assigned.

• Provides revenue estimates and profit and loss analysis for new & existing clients based on identified requirements in Request for Proposal (RFP) or client stipulations.

• Assists in the strategy development around financial quotes that provides optimum cost performance for clients as well as maximize the revenue opportunity for the company.

• Identifies cost factors and provides on-going evaluation of standard business costs.  

• Continually assesses potential client needs in relation to corporate business objectives.  Identifies process improvement opportunities.

• Accounts for revenue opportunities on new business by working with the Sales Exec on pricing. 

• Utilizes market analysis in development of new product price offerings.

• Provides trend statistics that influence drug cost to be used in price modeling as well as responses to Request for Information (RFI).

• Monitors and tracks the various bid offerings to provide executive reporting around how the market is evolving and identify areas where MedImpact needs to improve to stay competitive.

• Monitors, analyzes, and reports on variances in profit and loss statement versus underwriting results. 

• Reviews and provides guidance around contractual language pertaining to discount guarantees, rebate offer and product & service pricing to ensure the agreement supports what was underwritten.

• Provides interpretation of financial policies, governmental legislation, accounting theory, or customer financial regulations that attribute to financial performance outcomes.

• Participates in discussions with clients and/or consultants around the financial offerings being proposed by MedImpact that address questions around pricing, caveats, and outcomes.

Supervisory Responsibilities          No supervisory responsibilities                                     Client Responsibilities This is an internal and external client facing position that requires excellent customer service skills and interpersonal communication skills (listening/verbal/written). One must be able to; manage difficult or emotional client situations; Respond promptly to client needs; Solicit client feedback to improve service; Respond to requests for service and assistance from clients; Meet commitments to clients.

Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

BA/BS Degree; 8+ years related experience and 8+ years of SME in respective area(s); (or equivalent combination of education and experience).

Computer Skills To perform this job successfully, an individual should have knowledge Microsoft Office Excel and Word software.

Certificates, Licenses, Registrations None

Other Skills and Abilities

• PBM industry knowledge • Knowledge of liability exposure, cost accounting, and pricing functions in PBM or healthcare arena. • Excellent negotiation and presentation skills. • Excellent interpersonal skills with the ability to effectively interact with all levels of internal and external business partners.

Reasoning Ability                                     • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

• Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Mathematical Skills       • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.  Ability to apply concepts of basic algebra and geometry.

• Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Language Skills

• Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. 

       • Ability to write routine reports and correspondence.  Ability to speak effectively before groups of customers or employees of organization.

• Ability to effectively present informa

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