Full-Time

Vice President Member Operations

Posted on 1/14/2025

Webster Bank

Webster Bank

1,001-5,000 employees

Provides financial solutions for individuals and businesses

Compensation Overview

$185k - $220k/yr

+ Incentive Compensation

Expert

Burlington, MA, USA

Category
Generalist Operations
Supply Chain Management
Operations & Logistics
Required Skills
Customer Service
Data Analysis
Requirements
  • Bachelor's degree required; MBA preferred
  • 15+ years’ experience in call center operations
  • 7+ years working with a Health Plan / Payer
  • 7+ years of experience in people management with demonstrated ability to recruit, manage and grow a high-performing team
  • Intentional, effective people leadership, including coaching, delegating, and providing actionable feedback
  • Proficiency in data analysis and interpretation to drive data-driven decision-making and operational improvements.
  • Ability to identify key performance indicators (KPIs) and establish performance benchmarks to monitor and measure operational success.
  • Proficiency in call center, workforce, and claims processing systems.
  • Ability to develop business cases and financial models to support operational initiatives and investments.
  • Excellent written and verbal communication skills, including proficiency in developing and delivering presentations
  • Strong focus on continuous process improvement
  • Exceptional leadership qualities, including the ability to inspire and motivate teams to achieve goals and maintain high levels of employee engagement.
Responsibilities
  • Develop and execute operational strategies aligned with the company's goals, focusing on process improvement, KPIs, efficiency, and innovation.
  • Manage call center operations to deliver exceptional customer service and uphold service level standards
  • Lead, mentor, and inspire the customer service, claims processing, and claims administration teams, fostering a culture of excellence, empathy, collaboration, and continuous improvement. Provide coaching and mentorship to staff to foster talent and grow the organization.
  • Maintain operational excellence by implementing efficient processes, optimizing workflows, and leveraging technology to drive productivity and cost-effectiveness.
  • Utilize data analytics to monitor operational performance, identify trends, and implement strategies for optimization.
  • Foster a culture of innovation, encouraging the exploration of new approaches to improve operational efficiency and customer experience. Drive the design and enhancement of operational systems and technologies to support scalable growth.
  • Collaborate with cross-functional teams, including IT, Engineering, Finance, and Compliance, to ensure alignment across departments.
  • Stay informed about industry trends, best practices, and regulatory requirements, and proactively integrate them into operational strategies and processes.
  • Implement risk mitigation strategies and ensure compliance with industry regulations and company policies.
  • Support managing relationships with external clients and partners, in collaboration with Business Development and Strategic Accounts teammates.

Webster Bank provides a range of financial services to businesses, individuals, and families. It operates through three main divisions: Commercial Banking, Consumer Banking, and HSA Bank, which specializes in employee benefits solutions. Webster Bank's services include traditional banking products like loans and savings accounts, as well as digital banking options for convenience. What sets Webster apart from its competitors is its focus on delivering tailored financial solutions and its significant presence in the employee benefits sector through HSA Bank. The goal of Webster Bank is to support the financial needs of its clients while promoting equal opportunity and diversity in its workforce.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Waterbury, Connecticut

Founded

1935

Simplify Jobs

Simplify's Take

What believers are saying

  • Webster Bank's fintech acquisitions expand its technological capabilities and market reach.
  • Increased focus on digital banking solutions aligns with current industry trends.
  • Webster Bank's role in large financings showcases its strong market position and expertise.

What critics are saying

  • Integration challenges from acquisitions like Ametros and Bend Financial may arise.
  • Increased competition from fintechs like Goalsetter could impact Webster Bank's market share.
  • Credit risk from large financings, such as Everstream's, could affect financial stability.

What makes Webster Bank unique

  • Webster Bank is actively acquiring fintech companies like Ametros and Bend Financial.
  • The bank is a lead arranger in significant debt financings, such as Everstream's deal.
  • Webster Bank invests in fintech partnerships, enhancing digital offerings and customer experience.

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Benefits

Professional Development Budget

Performance Bonus

Hybrid Work Options

Remote Work Options

Company News

Business Wire
Feb 4th, 2025
Air Industries Group Secures Expansion of Term Loan from Webster Bank

Air Industries Group (“Air Industries”) (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and d

Yahoo Finance
Mar 22nd, 2024
Tanya Van Court'S Goalsetter Closes On A $9.6M Series A Extension Round To Further Its Mission Of Financial Equity And Education

Tanya Van CourtTanya Van Court’s Goalsetter has reached yet another milestone since launching in 2019.As AFROTECH™ previously reported, the founder and CEO founded the fintech platform to help youth and families gain access to banking and financial education, including tools, investing, and savings. In 2021, Goalsetter’s mission caught the attention of NBA stars Kevin Durant, Carmelo Anthony, and Andre Drummond, who all invested in the company’s $15 million Series A funding round.Now, Goalsetter has announced that the round isn’t finished just yet. According to a press release shared with AFROTECH™, Goalsetter has closed on a $9.6 million Series A extension round.The new round was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund, the press release details. Fellow investors included Fiserv, Seae Ventures, Webster Bank, Astia Fund, Partnership Fund for New York City, Reseda Group, and InTouchCU.“Our new Series A extension marks a significant milestone for Goalsetter as we continue to redefine financial education and inclusion across America,” Van Court shared in a press statement. “This funding will empower us to enhance our B2B offerings and forge stronger partnerships with credit unions, banks, and wealth management institutions, expanding our reach and impact to ensure that the next generation can grow into savvy savers and investors.”She continued, “This is an investment in Goalsetter and in the future financial well-being of millions of young Americans. Together, we are building a foundation for a more equitable and financially literate future for all.”In addition to forming more B2B (business-to-business) and financial institution partnerships, Goalsetter plans to use the funding to “facilitate the launch of live bank and credit union product implementations and core processor integrations” in order to be more accessible to banks and credit unions across tech platforms.“Goalsetter has successfully produced measured and meaningful positive outcomes as it helps families of diverse demographics increase savings and practice smart spending habits, making them a unique player in this market,” said Liz Roberts, head of impact investing at MassMutual, one of Goalsetter’s leading investors

Business Wire
Dec 15th, 2023
Webster Signs Definitive Agreement to Acquire Ametros

Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. (

Fintech Roundup
Nov 30th, 2023
FinTech Global

FinTech Global is the world's leading provider of FinTech information services, B2B media products and industry events.

Business Wire
Jun 9th, 2023
Everstream Closes $342.5 Million in Debt Financing

Everstream has secured $342.5 million in debt financing from nine banks, with Webster Bank as lead arranger.

INACTIVE