Full-Time

Vice President

Pricing and Risk Management

Confirmed live in the last 24 hours

Beam

Beam

11-50 employees

Manages emergency aid programs for education

Enterprise Software
Education

Compensation Overview

$182.8k - $292.4kAnnually

+ Performance-based bonuses + Incentives + Equity program

Senior, Expert

Columbus, OH, USA

Remote option available, but primary location is Columbus, OH.

Category
Insurance
Finance & Banking
Requirements
  • Bachelor’s degree in Business, Finance, Insurance, or a related field; advanced degree (MBA or equivalent) preferred
  • 10+ years of experience in pricing, underwriting, or risk management within the insurance or employee benefits sector
  • Proven ability to develop and implement effective pricing strategies and risk management frameworks
  • Strong analytical and quantitative skills with expertise in insurance pricing models and risk assessment
  • Experience managing relationships with reinsurers and other strategic partners
  • Strong leadership and cross-functional collaboration skills with a track record of driving organizational success
  • Excellent communication and presentation skills, with the ability to influence stakeholders at all levels
Responsibilities
  • Develop and execute pricing strategies for Beam's entire product portfolio, ensuring competitive positioning and profitable growth
  • Define Beam's insurance risk tolerance and establish a comprehensive insurance risk management framework aligned with company objectives
  • Lead the pricing and underwriting processes for both new business and renewal policies, ensuring accuracy, competitiveness, and profitability
  • Manage key partnerships with reinsurers and other vendors, driving collaboration and ensuring strategic alignment
  • Oversee regulatory and statutory reporting, ensuring compliance and providing actionable insights for decision-making
  • Provide subject matter expertise to cross-functional teams including Technology, Sales Enablement, Operations, and Finance, supporting broader business and product initiatives
  • Continuously monitor industry trends, competitive intelligence, and regulatory changes to adapt pricing and risk strategies accordingly

Beam provides a platform that helps educational institutions manage emergency aid programs for students facing financial difficulties. The platform simplifies the process of distributing emergency funds by handling application intake, assessing student needs, and ensuring quick disbursement of funds, often within 48 hours. This system is designed to comply with federal regulations, making it easier for schools to support their students while maintaining necessary reporting standards. Beam differentiates itself from competitors by focusing specifically on the needs of community colleges and universities, offering a tailored solution that emphasizes equity and rapid assistance. The goal of Beam is to enhance student retention by ensuring that financial aid reaches those who need it most, thereby helping students stay in school.

Company Stage

Series A

Total Funding

$22M

Headquarters

null, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

2%

1 year growth

15%

2 year growth

-5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for integrated financial aid and mental health resources presents expansion opportunities.
  • Blockchain technology can enhance security and transparency in Edquity's fund disbursement.
  • Data analytics can provide deeper insights into student success, leveraging Edquity's reporting features.

What critics are saying

  • Increased competition in EdTech could dilute Edquity's market share.
  • Changes in federal regulations may require costly platform updates for compliance.
  • Economic downturns might reduce funding for institutions, affecting Edquity's revenue.

What makes Beam unique

  • Edquity offers rapid aid disbursement, often within 48 hours, ensuring timely support.
  • The platform complies with federal regulations, aiding institutions in maintaining compliance.
  • Edquity's robust reporting features help institutions manage aid programs efficiently.

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Benefits

Medical, dental, vision, disability, & life insurance

401k options

Unlimited PTO

Remote work

Flexible hours

Parental leave

Desk stipend

Continuous learning stipend

Company social events