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Guardian Life · 3 days ago

Head of Expense Pricing & Compensation Strategy

Bethlehem, PA

Full-time

Hybrid

Director/Executive

$127K/yr - $208K/yr

Guardian Life is seeking a resolute motivated individual to join their team as a Head of Expense Pricing & Compensation Strategy. This role is responsible for supporting the profitable growth of the Group Insurance blocks of business through pricing strategies and market analysis.

DentalFinancial ServicesHardwareInsuranceLife Insurance

No H1B

Responsibilities

Establish an allowable expense pricing model that aligns with operating plan

Monitor emerging variances between actual and pricing expenses, and proactively make recommendations to address gaps

Partner with Distribution, Finance, and Underwriting teams to establish a distribution compensation pricing strategy that aligns to market needs while achieving organizational goals

Implement Distribution compensation budget framework aligned to pricing and Pay for Performance management model

Develop and maintain expense pricing models for large market cases, leveraging unit cost study results and incorporating case-specific characteristics

Analyze current pricing expense slopes, benchmark against market data and unit cost studies, and recommend updates to ensure competitive and accurate pricing

Drive consistency in expense assumptions across the pricing organization, including new business, renewals, actual to expected performance reporting, and new business value reporting

Collaborate with Finance to design and implement acquisition versus maintenance expense studies, integrating findings into durational pricing models

Qualification

Group pricing practicesFellow Society of Actuaries (FSA)Data visualizationPredictive analyticsAnalytical skillsTechnical skillsCritical thinkingProblem-solvingCollaboration skillsCommunication skillsProject managementAdaptability

Required

A deep understanding of group pricing practices including the use of experience

Exceptional critical thinking and problem-solving skills

Strong collaboration and communication skills, both verbal and written

Ability to communicate pricing analyses to technical and non-technical audiences

Ability to manage multiple projects with multiple deliverables simultaneously

Adapts to changing business priorities and environments

Fellow Society of Actuaries (FSA) designation or equivalent group finance experience

Strong analytical and technical skills with the ability to synthesize sophisticated information

Preferred

Data visualization, machine learning, and predictive analytics experience

Benefits

At Guardian, you’ll have the support and flexibility to achieve your professional and personal goals.

Through skill-building, leadership development and philanthropic opportunities, we provide opportunities to build communities and grow your career, surrounded by diverse colleagues with high ethical standards.

As part of Guardian’s Purpose – to inspire well-being – we are committed to offering contemporary, supportive, flexible, and inclusive benefits and resources to our colleagues.