Director of Underwriting

Role and Responsibilities

Reporting to the Chief Product Officer, the Southern Scripts Director of Underwriting is responsible for establishing strategic and competitive pricing for a variety of customer prospects while determining the direction and coordination of activities that support customer pricing, profitability analysis, and contract renewal opportunities. The Director of Underwriting is responsible for owning the relationships with rebate vendors including adherence to obligations and partnership performance. The Director of Underwriting is required to perform the following duties and professionally undertake the following responsibilities:

• Lead, mentor, and continuously develop your Southern Scripts team of analysts and other department members.
• Set pricing for all new business opportunities to optimize savings opportunities for Southern Scripts’ clients and margins.
• Optimize pricing strategy for each Southern Scripts channel partners.
• Maintain and enhance customer pricing processes and balance risks and returns at a client level and/or group level, as appropriate.
• Provide recommendations to internal stakeholders for appropriate contractual and proposal language.
• Analyze the financial viability of new product concepts, including pro forma analysis of client adoption rates and return on investment projections.
• Communicate with internal stakeholders on rebate collection results, status, and future expectations.
• Estimate rebate yields for new prospects and continually refine Southern Scripts’ processes/logic for accuracy.
• Reconcile rebate payments to expectations, historical records, and contractual obligations.
• Monitor and measure our compliance with rebate guarantees made to clients.
• Provide clarity to the Executive Team as to how much financial risk is present at any given time.
• Devise solutions and strategic course corrections as necessary.
• Engage with clients and consultants on guarantee results and audits.
• Write standard and custom RFP responses and respond to RFPs.
• Abide by all obligations under HIPAA related to Protected Health Information (PHI).
• If a HIPAA violation is discovered, whether individually or by another, you must report the violation to the Compliance Officer and/or Human Resources.
• Attend, complete, and demonstrate competency in all required HIPAA Training offered by the company.
• Flexibility to understand, appreciate and embrace that this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change, or new ones may be assigned at any time with or without notice

Required Skills and Competencies

• Requires income statement and ad hoc financial experience.
• Requires experience and proven analytical skills in Excel Spreadsheets.
• Prefer experience in healthcare, PBM, workers’ compensation, and/or insurance industry.

Supervisory Responsibility

• Direct management of multiple teams.

Position Type and Expected Hours of Work

• Full-time/Salaried/Exempt.
• Some flexibility in hours is allowed, but the employee must be available during the “core” work hours of 8:00AM to 5:00PM CT. We cover clients from West to East Coast, work times must be adjusted to cover meetings in all time zones. Ability to work extended hours, weekends and holidays pursuant with industry demands.

Travel

Minimal travel expected yet necessary depending on client requirements and corporate underwriting strategy planning.

Required Education and Experience

• Bachelor's degree plus one to three years related experience and/or training; or equivalent combination of education and experience.
  

Southern Scripts, LLC provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, Southern Scripts complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Southern Scripts expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of Southern Scripts employees to perform their job duties may result in discipline up to and including discharge. EOE M/F/V/D