Gravie

Vice President, Pricing

Remote

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

Position Overview

  • Location Type: Not specified
  • Job Type: Full Time
  • Salary: Not specified

Gravie is seeking a Vice President of Pricing to lead the company's pricing strategy, actuarial modeling, and underwriting support for its level-funded products offered to small and mid-sized businesses. This senior leadership role, reporting to the Chief Actuary, will collaborate closely with Data Science and Underwriting teams to ensure competitive, data-driven, and financially sustainable products. The position is instrumental in product development, risk management, and financial performance for Gravie's employer-based offerings, providing an opportunity for innovation in risk modeling and pricing.

Requirements

  • Fellow of the Society of Actuaries (FSA) strongly preferred.
  • Associate of the Society of Actuaries (ASA) required.
  • Member of the American Academy of Actuaries (MAAA) required.

Responsibilities

  • Develop, maintain, and review pricing, projection, and underwriting models for Gravie’s level-funded health products.
  • Drive the development of innovative pricing algorithms incorporating the latest predictive modeling techniques, overseeing the Data Science team and operationalizing new methods at scale.
  • Partner closely with the Underwriting team to ensure alignment of pricing strategy, rating assumptions, risk assessment methodologies, and quoting tools.
  • Provide actuarial guidance on complex underwriting cases and custom client solutions.
  • Incorporate emerging experience, medical/pharmacy cost trends, provider network and contracting strategies (including value-based reimbursement) into pricing and underwriting models.
  • Lead the development of actuarial assumptions used for pricing, underwriting, trend projection, and financial risk assessments.
  • Serve as a key liaison between actuarial, underwriting, product strategy, sales, and finance teams to ensure cohesive execution of pricing and risk strategies.
  • Support the design and evaluation of innovative new products and funding arrangements that are competitive, compliant, and actuarially sound.
  • Provide actuarial and financial insights to inform provider contracting strategies and value-based arrangements.
  • Partner with Gravie’s healthcare economics team to review analyses of utilization, unit cost drivers, claim trends, and other healthcare expense metrics, in collaboration with underwriting and clinical strategy teams.
  • Lead the development and review of cost/savings analyses for plan design changes and healthcare delivery model innovations.
  • Implement and manage robust peer-review processes to ensure accuracy and quality across all actuarial work products, including those supporting underwriting.
  • Monitor actuarial model performance and recommend improvements to maintain pricing integrity and competitive positioning.
  • Ensure compliance with all applicable regulatory requirements and professional actuarial standards.

Company Information

Gravie's mission is to improve the way people purchase and access healthcare through innovative, consumer-centric health benefit solutions. The company values diversity and encourages employees to be their authentic selves.

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.

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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