06-178 Retention Manager II

POSITION SUMMARY   EyeMed Vision Care is one of the leading managed vision care organizations in the industry. Its unique relationship with recognized vision care leaders Luxottica Group, the world?s leading eyeglass frame manufacturer, and its corporate owned leading optical retailers such as LensCrafters and Pearle Vision, provide stability and financial support that lead to continued growth year after year.

 

The Finance Manager works closely with Account Services on our annual client renewals, ensuring that they are priced and submitted in a timely manner.  This individual leads and manages the financial review of applications and contracts, provides support to functional areas for new contract implementations, existing contract renewals, changes and terminations.  Provides leadership and direction to a Financial Analyst and across the Account Services group for renewal strategy.

 

 MAJOR DUTIES AND RESPONSIBILITIES

 

? Responsible for maintaining complete and accurate database of all upcoming renewals, including contract effective date, renewal date, current rates, benefit design, membership, financial summary, service owner, renewal status, and group intent.

? Responsible for timely delivery of complete and accurate renewal information to contract service owner, including benefit design changes, insurance underwriting and rate changes in compliance with overall company renewal strategy and business rules.

? Rating and analysis of renewal business opportunities using the established rating model, including development of rates based on requested plan designs and analysis of incremental sales and operating income projections. Providing recommendations to management for new business opportunities.

? Financial support for key business opportunities, which are complex in nature and represent significant revenue for the organization.  Responsibilities include working with account management team, supervisor and leadership team to gather relevant information, defining key assumptions, completing pricing/return analysis and presenting recommendations on final proposal to management

? Supports marketing in the preparation of financial schedules included in Request for Proposals. Reviews completed proformas, rates, plan designs, proposal sheets and RFP financial schedules for accuracy and completeness.

? Supports annual review of pricing assumptions, including developing project plans, completing analysis and summarizing findings and providing recommendations to management related to final assumptions.

? Responsible for accuracy of proforma rating model and proposal sheets to ensure proper calculation of rates and presentation of benefit designs.

 

 REQUIREMENTS

 

 EDUCATION

? Bachelor's Degree in Finance or Accounting or equivalent experience

? MBA or CPA preferred

EXPERIENCE

 

? 7-10 years of experience in Finance or Accounting necessary, preferably in health care or a service industry.

? 2+ years of management experience required

? Demonstrated financial analysis and modeling skills; familiarity with loss ratio analysis and/or client utilization desirable.

? Experience with health care plans, specifically plan designs, benefits, reimbursements and related financial reporting preferred.

? Strong MS Office skills required, specifically with Excel, Word and Access database.

 

 

EOE