VP, Product Development

Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world.  Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 Billion.  Our workforce has grown to 4,300 worldwide … big, but not so big that you cannot make a difference.  Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration make TMHCC a great place to work. 

TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk. 

*This role is located remote Inianapolis,IN*

Position Summary:

Identifies and analyzes products, services, and vendor point solutions that increase profitability, generate competitive advantages, and/or create market differentiators.

Key Responsibilities:

• Monitor self-funded healthcare industry to proactively identify opportunities and threats to our business.
• Review vendor point solutions as requested by Executive Management Group.
• Collaborate with others in the Executive Management Group on product development, vendor solutions and process improvements as they relate to the market.
• Leverage business relationships to identify producer and employer needs.
• Evaluate existing products/services to ascertain value and determine if there is a better option.
• Establish/strengthen partnerships with vendors who can help execute targeted opportunities.
• Consistent and frequent communication with underwriters and sales reps to understand product/service needs their producers are asking for.
• Participate on calls/meetings with producers to understand and analyze their ideas.
• Work with underwriting offices to promote, advocate, and monitor sales of early-stage products and non-standard approaches in the healthcare industry.
• Design and execute pilot “experiments” within regional offices and/or with specific producers.
• Participate in industry, vendor, and producer conferences to identify new opportunities.

Education, Experience & Knowledge:

• Minimum 4 Year / Bachelors Degree in Business Administration or a related field or the equivalent education and/or experience
• Preferred Graduate Degree in Business Administration or a related field
• 8 Years relevant and progressive experience in broad areas
  of expertise
• Broad understanding of all aspects of US healthcare industry with focus on self-funded market
• Ability to apply financial models and analysis to complex projects
• Expert project management skills. Ability to plan, lead, and execute numerous projects
  simultaneously
• Effective verbal and written communications skills. Ability to “sell” Executive Management on projects worth pursuing and to decline/kill opportunities without burning bridges.
• Understanding of legal and compliance boundaries when analyzing opportunities
• Ability to employ “implied authority” to get things done

Tokio Marine offers a competitive salary and benefits package, including: 

• Generous paid time off (PTO), 12 paid company holidays,
• 401(k) Retirement Plan with 6% company match.
• Health and dental insurance, and vision plan available.
• Company-provided long-term disability and life insurance.
• Opportunities for advancement in a successful and growing organization.
• Flexible work schedules and a great work/life balance.
• Paid Parental Leave.
• Volunteer Time Off.
• Enjoy casual dress and work in a modern, comfortable office with free parking.
• Hybrid work schedule

The Tokio Marine HCC Group of Companies offers a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal-opportunity employer. Please visit www.tmhcc.com for more information about our companies.

#LI-TM1

#stoploss1