Staff VP Actuary & Broker Relations (US)

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Job Description:

Staff VP Actuary & Broker Relations

Location:   Chicago, IL

Summary

Responsible for leading the broker consultant relations team and increasing revenue and enrollment of the company’s commercial health plans and specialty products in national broker and private exchange channels as well as directing and providing leadership for complex uniform data submission (UDS) actuarial projects and interfaces with BCBSA, CHP, Blue Plans and brokers/consultants. 

Position Responsibilities

• Plans and directs resources to drive growth by working with the greater commercial sales organization in the development of key strategies, recruiting/managing strategic partners to sell Stop Loss products. 

• Represents organization in UDS matters for industry councils and technical matters. 

• Owns and facilitates broker and consultant program including acting as an executive presence at conferences. 

• Leads broker/consultant supplemental compensation programs. 

• Works closely with internal partners to include underwriting. 

• Implements strategic programs to further sales goals and by working directly with executive leadership at brokers/consulting firms.

• Leads the UDS data submission, medical and pharmacy forecasting, underwriting policy, and all other actuarial analytics. 

• Partners with supporting business units on market conditions, needs and broker/consultant requests.

• Continuously reviews partner performance, works to improve partner productivity, and recommends when partnerships should be terminated. 

• Support analytics support and report creation to drive valuable insights and manage programs.

• Collaborates with appropriate business owners and operations leaders in the development and implementation of improved business processes.  

• Responsible for budget management and business plan execution of the teams working with the firms.

• Communicates UDS actuarial and outcome needs. 

• Identifies trends on clients and client analytics using actuarial analyses and partners with major consulting firms. 

• Hires, trains, coaches, counsels and evaluates performance of direct reports

Position Requirements

Requires a BA/BS and minimum 10 years of industry sales/broker management experience in the healthcare industry; or any combination of education and experience which would provide an equivalent background. Requires FSA/MAAA.

Preferred Skills, Capabilities and Experiences

• Experience and subject matter expertise in Stop Loss business strongly preferred.

• Active and current Life and health Insurance state license preferred.

• Knowledge and experience in the health insurance industry, particularly in commercial health plans products.

• Experience in broker consultant relations and managing strategic partnerships.

• Knowledge and expertise in Uniform Data Submission (UDS).

For candidates working in person or remotely in the below locations, the salary* range for this specific position is $205,744 to $308616.

Locations:  Illinois

In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the company.  The company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

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Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process. Candidates must reside within 50 miles or 1-hour commute each way of a relevant Elevance Health location.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.