Senior Consultant Insurance Pricing and Underwriting
Senior Consultant Insurance Pricing and Underwriting
Posted on :
19-04-2025
Employer Active
1 Vacancy
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Job Description
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 digitallyled 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 AIpowered underwriting diversified distribution channels and next generation benefits administration technologicallydriven customer experience.
What Were Looking For:
Beam Benefits is focused on driving profitable growth and optimizing our insurance business for longterm success. We are seeking an experienced and analytical Senior Consultant Insurance Pricing and Underwriting to join our dynamic team. In this role you will be responsible for developing evaluating and optimizing pricing strategies underwriting policies & processes and having daytoday case underwriting decision authority to ensure profitability and competitiveness in the insurance market. You will work closely with actuarial revenue customer success and product development teams to drive datadriven decisionmaking and support strategic initiatives.
This is an excellent opportunity for a seasoned Insurance Pricing and Underwriting professional who can blend strategic and pragmatic thinking with a sound understanding of the employee benefit insurance industry to achieve measurable business outcomes.
Joining Beam Benefits Means:
- Working in a complex and dynamic business simultaneously serving customersacross 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 Do:
- Pricing and GTM Strategy:
- Develop and refine pricing strategies and models to optimize profitability and market competitiveness
- Collaborate with product and sales teams to align pricing strategies with gotomarket (GTM) initiatives
- Analyze customer segments and pricing elasticity to create targeted pricing recommendations
- Support the development of dynamic pricing strategies that respond to market fluctuations and customer behavior
- Provide insights into distribution channel pricing impacts and recommend adjustments for profitability
- Insurance Underwriting and Underwriting Process Automation:
- Daytoday insurance case underwriting
- Assess underwriting policies and recommend improvements to enhance risk assessment and decisionmaking
- Work with technology teams to integrate automated underwriting solutions to improve efficiency and accuracy
- Optimize underwriting guidelines to improve turnaround times without increasing risk exposureIdentify key underwriting metrics and develop dashboards to track performance
- Train and support underwriters on new automated tools and digital underwriting frameworks
- Market Intelligence:
- Conduct indepth market research and competitive analysis to identify industry trends and pricing benchmarks
- Monitor regulatory changes and ensure pricing and underwriting strategies remain compliant
- Develop reports on emerging risks market disruptions and competitor strategies
- Engage with industry groups and networks to stay updated on best practices and innovations
- Pricing Tools and Solutions:
- Evaluate and implement pricing tools to enhance modeling capabilities and decisionmaking
- Develop userfriendly pricing dashboards to support business
- Work with IT and actuarial teams to automate pricing calculations and risk assessmentsMaintain and enhance pricing algorithms to improve efficiency and accuracy
- Pricing Governance:
- Establish and maintain governance frameworks for pricing approval and monitoring
- Ensure compliance with internal policies and external regulatory requirements
- Conduct periodic reviews of pricing structures to ensure alignment with business objectives
- Develop risk management strategies to mitigate pricing volatility and underwriting risks
What Skills Will Help You Be Successful:
- 5 years of experience in insurance pricing underwriting pricing analysis or risk assessment
- Strong knowledge of price modeling data analysis and machine learning techniques
- Experience and understanding of data structures and data querying for data analysis and predictive modeling
- Familiarity with pricing techniques GLMs and risk & customer segmentation methodologies
- Experience with insurance products underwriting guidelines and regulatory compliance
- Strong communication and presentation skills with the ability to translate technical findings into business insights
- Experience in analyzing business metrics and using data to make strategic decisions
- Ability to work independently and collaboratively in a fastpaced environment
Nice to Have Skills:
- Experience in insurance insurtech or fintech
- Experience in employee benefit insurance
- Handson experience with big data analytics and working with large unstructured datasets
- Experience developing and implementing customer lifetime value (CLV) models for insurers
- Professional certifications such as ACAS FCAS CPCU or equivalent are a plus
Why Join Us
- Strategic Leadership: Drive pricing GTM and underwriting strategy and initiatives that have a direct impact on business growth and profitability
- Business Focus: Work closely with all areas of the organization and leadership to achieve strategic goals
- Growth & Innovation: Be part of a team that is focused on innovation and continuous improvement across all operational areas
$100200 $160200 a year
Compensation and Benefits:
Beam offers a competitive base salary paired with an attractive variable compensation structure.
Employees benefit from performancebased bonuses and incentives along with a comprehensive benefits package that includes health dental and vision insurance. Additionally Beam provides a 401(k) plan with company matching flexible time off and the opportunity to participate in the equity program.
The base pay actually offered will take into account internal equity and budget for the open position and also may vary depending on the candidates jobrelated knowledge skills and experience among other relevant factors. This range does not include an estimated value for any benefits bonus or other incentives that may be applicable based on position.
Required Experience:
Senior IC
Employment Type
Full-Time
Key Skills
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