Gravie

Vice President, Pricing

Remote

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Health Insurance, Insurance, Financial ServicesIndustries

Requirements

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.

Responsibilities

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.

Skills

Pricing strategy
Actuarial modeling
Underwriting
Predictive modeling
Data analysis
Risk assessment
Financial modeling
Product development

Gravie

Health benefits and insurance solutions provider

About Gravie

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.

Key Metrics

Minneapolis, MinnesotaHeadquarters
2013Year Founded
$333.3MTotal Funding
DEBTCompany Stage
Fintech, HealthcareIndustries
201-500Employees

Benefits

Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Holidays
Paid Vacation
Paid Sick Leave
Flexible Work Hours
Paid Parental Leave
Wellness Program
Alternative Medicine Coverage
Cell Phone Reimbursement
Transportation Perks
Education Reimbursement
Paid Paw-ternity Leave

Risks

Potential backlash from traditional insurers could increase competition or lobbying.
Rapid ICHRA adoption may invite regulatory scrutiny or changes.
Aggressive expansion strategy could strain resources and lead to inefficiencies.

Differentiation

Gravie's Comfort plan offers zero deductibles and copays, unlike traditional health plans.
Gravie Pay provides interest-free payment solutions, reducing financial burdens for members.
Focus on virtual healthcare services enhances accessibility and member satisfaction.

Upsides

Increased ICHRA adoption since 2020 expands Gravie's market opportunities.
Comfort plan's zero-deductible model attracts cost-conscious employers and employees.
Virtual healthcare services align with rising demand, boosting member engagement.

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