Vice President, Pricing and Risk Management
Beam Dental
Columbus, OH, USA · Remote
Posted on Oct 23, 2024
About Beam:
Beam was founded in 2012 by three engineers who saw the opportunity to modernize the dental benefits industry using technology. Today, Beam Benefits is a digitally-led employee benefits company that offers dental, vision, life, disability, and supplemental health coverage. The company simplifies and modernizes the $100+ billion ancillary benefits industry through its leading dental insurance product, breadth of ancillary benefits, AI-powered underwriting, diversified distribution channels, and next generation benefits administration technologically-driven customer experience.
Joining Beam Benefits Means:
-Working in a complex and dynamic business, simultaneously serving customers across employee benefits insurance product lines and growth and service channels
-Collaborating with a diversely skilled team to continuously improve
-Being empowered as an owner and expert
-Being motivated by improving how people access employee benefits
What You Will Bring:
You are a strategic leader with deep expertise in insurance pricing and risk management, particularly within the employee benefits industry. You are adept at developing pricing strategies and risk frameworks that balance competitive positioning with profitability. You have extensive experience working cross-functionally with teams in technology, finance, sales enablement, and operations, driving alignment across the business to meet product and growth objectives. You also excel at building and managing key relationships with partners, particularly in reinsurance, to ensure the success of risk transfer strategies.
You possess a proven ability to assess risks and implement pricing models that reflect market trends and regulatory requirements, while also supporting long-term profitability. You demonstrate strong analytical skills and thrive in a data-driven environment. In addition, your leadership skills are instrumental in managing cross-functional collaboration, ensuring alignment and efficiency in pricing and risk management practices.
What You Will Do:
- Develop and execute pricing strategies for Beam's entire product portfolio, ensuring competitive positioning and profitable growth
- Define Beam's insurance risk tolerance and establish a comprehensive insurance risk management framework aligned with company objectives
- Lead the pricing and underwriting processes for both new business and renewal policies, ensuring accuracy, competitiveness, and profitability
- Manage key partnerships with reinsurers and other vendors, driving collaboration and ensuring strategic alignment
- Oversee regulatory and statutory reporting, ensuring compliance and providing actionable insights for decision-making
- Provide subject matter expertise to cross-functional teams including Technology, Sales Enablement, Operations, and Finance, supporting broader business and product initiatives
- Continuously monitor industry trends, competitive intelligence, and regulatory changes to adapt pricing and risk strategies accordingly
What Skills Will Help You Be Successful:
- Bachelor’s degree in Business, Finance, Insurance, or a related field; advanced degree (MBA or equivalent) preferred
- 10+ years of experience in pricing, underwriting, or risk management within the insurance or employee benefits sector
- Proven ability to develop and implement effective pricing strategies and risk management frameworks
- Strong analytical and quantitative skills with expertise in insurance pricing models and risk assessment
- Experience managing relationships with reinsurers and other strategic partners
- Strong leadership and cross-functional collaboration skills with a track record of driving organizational success
- Excellent communication and presentation skills, with the ability to influence stakeholders at all levels
Compensation and Benefits:
-Competitive base salary with attractive variable compensation structure
-Performance-based bonuses and incentives
-Comprehensive benefits package, including health, dental, and vision insurance
-401(k) plan with company match
-Flexible time off
-Opportunity to participate in Beam's equity program