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Head of Pricing, Group Benefits

Company: The Guardian Life Insurance Company of America
Location: New York
Posted on: March 20, 2023

Job Description:

Head of Pricing, Group Benefits page is loaded Head of Pricing, Group Benefits Apply locations New York Holmdel Stamford Bethlehem Pittsfield time type Full time posted on Posted 20 Days Ago job requisition id R000101542 Guardian Life Insurance CompanyHead of Pricing, Group BenefitsIn this role, you will report to the Head of Finance & Actuarial, Group Benefits and be responsible for driving profitable growth of the $5B+ group insurance book of business through innovative pricing and implementing best practices across all group and worksite products. This role will partner with Distribution, Product, Underwriting and Business Strategy teams to develop and implement key strategic growth initiatives. Responsibilities include establishing the pricing strategy to support both the financial and strategic business plans, transformation of existing pricing capabilities through new rating platforms and embedding predictive analytics, and monitoring/reacting to emerging market risks and opportunities. In addition, this role will maintain controls to manage model risk and ensure compliance with regulatory requirements.You Will

  • Be responsible for the pricing strategy for Group Benefits business - Dental, Vision, Absence & Disability, Life and Supplemental Health offerings
  • Lead modernization of pricing approaches, both from rating platform perspective as well as embedding predictive analytics to continuously improve accuracy
  • Collaborate with Finance to align pricing objectives with corporate and business financial plans
  • Partner with underwriting and sales organizations to manage the business to profitable target levels
  • Study the financial impacts of pricing and product strategies and provide recommendations where necessary
  • Be responsible for pricing for Retail\Direct to Consumer product offerings
  • Lead Dental Network analysis and provider fee schedule management efforts
  • Maintain pricing economic projection models for all group products
  • Evaluate pricing for new customer well-being offerings and emerging distribution partnerships
  • Improve pricing model risk governance, including implementation of rates in compliance with filings
  • Assist with experience reporting and improve analysis to better understand how the group business is operating and trending
  • Collaborate with the Group Benefits leadership team to ensure alignment between pricing philosophy and strategic growth initiativesYou Have
    • 10+ years of relevant Actuarial/Risk Management experience within the Group Benefits industry.
    • Demonstrated business sense with ability to build relationships with senior executive leadership.
    • Robust leadership experience combined with strong oral and written communication skills.
    • Organizational savvy with ability to influence cross functionally.
    • Strong analytical and technical skills with the ability to synthesize sophisticated information and translate into a compelling narrative.Education
      • Bachelor's degree in Actuarial Science, Mathematics, Finance, or a related field.
      • FSA designation or equivalent relevant accreditation / advanced degree.Location
        • Primary location is Bethlehem, PA or New York, NY with the ability to travel as needed.Our PromiseAt Guardian, you'll have the support and flexibility to achieve your professional and personal goals. Through skill-building, leadership development and philanthropic opportunities, we provide opportunities to build communities and grow your career, surrounded by diverse colleagues with high ethical standards.Salary Range$152,700.00 - $311,940.00The salary range reflected above is a good faith estimate of base pay for the primary location of the position. The salary for this position ultimately will be determined based on the education, experience, knowledge, and abilities of the successful candidate. In addition to salary, this role may also be eligible for annual, sales, or other incentive compensation.Inspire Well-BeingAs part of Guardian's Purpose - to inspire well-being - we are committed to offering contemporary, supportive, flexible, and inclusive benefits and resources to our colleagues.Health Care
          • Choice of [high deductible/copay] medical plans* with prescription drugs, including coverage for fertility and transgender inclusive benefits
          • Dental plan
          • Vision plan
          • Health care accounts - flexible spending, health reimbursement, and health savings accounts
          • Critical illness insuranceLife and Disability Insurance
            • Company-paid Life and Disability insurance plus voluntary supplemental coverage
            • Accident insuranceRetirement and Financial
              • 401(k) retirement plan with a company match, plus an annual age/service-based Company contribution and an annual profit-sharing contribution, if applicable
              • Complimentary 1:1 financial guidance with a licensed Fidelity representativeTime Off and Remote Work
                • Flexible work arrangements (part in-person/part remote)
                • Unlimited paid time off for most roles plus time off for volunteering, jury duty, voting, and bereavement
                • Personal holidays for colleagues to use in recognition of religious, cultural, or civic days
                • Paid parental leave and paid family and medical leave policiesEmotional Well-being and Work-Life
                  • Emotional well-being, mental health, and work/life resources powered by Spring Health
                  • Wellness programs, including fitness program and equipment reimbursement
                  • Child, adult, and elder back-up care support through Bright Horizons
                  • Adoption assistance
                  • College planning
                  • Tuition reimbursement
                  • Student loan assistance
                  • Commuter benefits in select metropolitan areasJustice, Equity, Diversity & Inclusion (J.E.D.I.)
                    • Employee Resource Groups that advocate for inclusion and diversity
                    • J.E.D.I. certification and training programs
                    • Matching gifts/volunteering Benefits apply to full-time eligible employees. Interns are not eligible for most Company benefits. Equal Employment Opportunity Guardian is an equal opportunity employer. All qualified applicants will be considered for employment without regard to age, race, color, creed, religion, sex, affectional or sexual orientation, national origin, ancestry, marital status, disability, military or veteran status, or any other classification protected by applicable law. Guardian is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact - . About Guardian Every day, Guardian helps our 29 million customers realize their dreams through a range of insurance and financial products and services. Our Purpose, to inspire well-being, guides our dedication to the colleagues, consumers, and communities we serve. We know that people count, and we go above and beyond to prepare them for the life they want to live, focusing on their overall well-being - mind, body, and wallet. As one of the largest mutual insurance companies, we put our customers first. Behind every bright future is a GuardianTM.Learn more about Guardian at .

Keywords: The Guardian Life Insurance Company of America, New York , Head of Pricing, Group Benefits, Other , New York, New York

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