Vice President, Actuarial M&A Leader
Protective Life- Full Time
- Senior (5 to 8 years)
Candidates should possess a Fellow of the Society of Actuaries (FSA) designation, strongly preferred, and a minimum of an Associate of the Society of Actuaries (ASA) credential. Membership in the American Academy of Actuaries (MAAA) is required, along with a Bachelor’s degree in a related field.
The Vice President of Pricing will be responsible for developing, maintaining, and reviewing pricing, projection, and underwriting models for Gravie’s level-funded health products, driving the development of innovative pricing algorithms, partnering with the Underwriting team, providing actuarial guidance, incorporating emerging trends, leading actuarial assumptions, and serving as a liaison between various teams. They will also support product development, provide insights to inform provider contracting, lead cost/savings analyses, implement peer-review processes, and ensure compliance with regulatory requirements.
Health benefits and insurance solutions provider
Gravie provides health benefits by offering straightforward and affordable health plans, primarily targeting individuals and small to midsize businesses. Their main product, Comfort, stands out because it has no deductible and no copays for most common healthcare services, allowing members to access care without unexpected costs. Additionally, Comfort includes virtual care options for musculoskeletal and mental health issues. Gravie also offers a payment solution called Gravie Pay, which enables members to pay for healthcare expenses interest-free, further easing financial stress. Unlike traditional health plans, Gravie claims that Comfort members save on out-of-pocket costs, and employers switching to Gravie often see lower premium expenses. The company has a high retention rate, indicating that many employees choose to continue with the Comfort plan in subsequent years. Gravie's goal is to simplify health benefits and reduce the financial burden of healthcare for its members.