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Insurance Contract Manager Jobs in Michigan (NOW HIRING)

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Insurance Contract Manager information

What does an insurance contract manager do?

An Insurance Contract Manager is responsible for overseeing and managing the creation, negotiation, and administration of insurance contracts within an organization. They ensure that all contracts meet legal requirements, comply with company policies, and protect the organization’s interests. Their role often includes liaising with clients, underwriters, and legal teams, as well as monitoring contract performance and resolving any disputes or issues that arise. This position requires strong attention to detail, knowledge of insurance regulations, and excellent communication skills.

What are the key skills and qualifications needed to thrive as an insurance contract manager?

To thrive as an Insurance Contract Manager, you need strong knowledge of insurance policies, contract law, and negotiation, typically supported by a degree in business, law, or a related field. Familiarity with contract management software, regulatory compliance systems, and industry-specific platforms like Salesforce or Guidewire is valuable. Excellent attention to detail, analytical thinking, and effective communication are crucial soft skills for managing complex agreements and building client relationships. These abilities are essential for ensuring compliant, profitable contracts and minimizing organizational risk.

What are some typical challenges faced by insurance contract managers when negotiating terms with clients and underwriters?

Insurance Contract Managers often encounter challenges such as balancing the interests of clients with the risk tolerance and requirements of underwriters. They must ensure that contract language is clear and compliant with regulations while also being commercially viable. Negotiations can involve complex policy details, evolving legal standards, and the need to coordinate among multiple stakeholders, requiring strong communication and problem-solving skills. Staying up-to-date with industry changes and building effective relationships are key to overcoming these challenges.

Are insurance contract managers in demand?

Insurance contract managers are in steady demand due to the ongoing need for risk assessment, policy management, and compliance within the insurance industry. They typically require strong negotiation skills and knowledge of insurance regulations, with employment prospects influenced by the overall health of the insurance sector and regulatory changes.

How much is an insurance contract manager paid?

Insurance contract managers typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and the size of the organization. Senior or specialized contract managers may earn higher salaries, and certifications such as CPCU can influence compensation. Salaries often include benefits and opportunities for bonuses or incentives.

Is an insurance contract manager a stressful job?

An insurance contract manager's role involves overseeing policy agreements, ensuring compliance, and managing negotiations, which can be demanding due to deadlines and accuracy requirements. The job may involve high-pressure situations, especially during audits or policy disputes, but it also offers structured workflows and the use of management tools to handle workload. Stress levels vary depending on the organization, workload, and individual skills in risk assessment and communication.

What are the most commonly searched types of Insurance Manager jobs in Michigan?

The most popular types of Insurance Manager jobs in Michigan are:

What are popular job titles related to Insurance Contract Manager jobs in Michigan?

For Insurance Contract Manager jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Insurance Contract Manager jobs in Michigan look for?

The top searched job categories for Insurance Contract Manager jobs in Michigan are:

What cities in Michigan are hiring for Insurance Contract Manager jobs?

Cities in Michigan with the most Insurance Contract Manager job openings:

Senior Provider Contract Specialist

Spectrum Health

Southfield, MI • On-site

$90K/yr

Full-time

Medical, Vision, Retirement

Posted 18 days ago


Job description

Job Summary

Independently manages a portfolio of provider contracts and serves as an experienced Senior individual contributor for contract development, provider negotiations, implementation, compliance, and contract renewals. This role leads moderately to highly complex negotiations, evaluates financial and operational implications of contract terms, and partners with internal stakeholders to support our provider network, affordability, quality, and operational objectives. The Senior Provider Contractor applies strong judgment in managing provider relationships, resolving issues, and identifying opportunities for process improvement. This position is expected to work autonomously across a broad range of contract types and provider arrangements and provides guidance and training to less experienced contractors.

Essential Functions
  • Manages the contract development and negotiation process for provider networks initiatives. Maintains accurate contract documentation in internal repositories and systems.

  • Deploys negotiation approaches to move providers to desired contract terms according to guidelines and standards. Oversees contract implementation of their agreements to ensure operational accuracy and compliance with approved terms.

  • Acts as the principal contract negotiator for all assigned contracts. Manages contract review meetings to ensure delivery against objectives and contract budgets; monitors progress against objectives, timelines, and financial targets; and communicates status, risks, updates, and recommendations to internal stakeholders through verbal and written updates.

  • Interfaces with provider leadership on an independent basis while understanding other organizational dynamics and stakeholder sensitivities of assigned groups.

  • Works with appropriate internal stakeholders on negotiation decisions impacting legal or regulatory requirements, contract standards, membership, cost targets, and reimbursement methodologies. Facilitates contract implementation process with the appropriate operational partners and works collaboratively with internal teams on any contract related matters.

  • Creates a customer-focused, service-based approach to working with stakeholders, which emphasizes the creation and cultivation of cross-functional relationships that support collaboration and execution.

  • Represents contracting at internal meetings. Leads external meetings with providers and actively manages the contract negotiations and the progress of any contract related initiatives. May support network expansion and provider recruitment activities.

  • Provides mentoring to less experienced team members; and models strong customer service, contracting discipline, and professional judgement.

Qualifications

Required

  • Bachelor's Degree or equivalent

  • Bachelor's Degree in business administration, health care administration, psychology, finance, health and human services

  • 5 years of relevant experience Negotiating and managing contract lifecycles on behalf of either third party payers or health care providers

  • 5 years of relevant experience Proven experience leading negotiations directly and independently or leading a provider contracting team in negotiations.

  • Experience in finance or contract management and knowledge of CMS and commercial pricing practices and methodologies

Preferred

  • Master's Degree

  • Masters Degree in business administration, health care administration, finance, health and human services

  • Experience working with legal staff Skills in best practices for contract negotiation tactics and strategies

  • Working knowledge of anti-trust laws

About Corewell Health

As a team member at Corewell Health, you will play an essential role in delivering personalized health care to our patients, members and our communities. We are committed to cultivating and investing in YOU. Our top-notch teams are comprised of collaborators, leaders and innovators that continue to build on one shared mission statement - to improve health, instill humanity and inspire hope. Join a nationally recognized health system with an ambitious vision of continued advancement and excellence.


How Corewell Health cares for you
  • Comprehensive benefits package to meet your financial, health, and work/life balance goals. Learn more here.
  • On-demand pay program powered by Payactiv
  • Discounts directory with deals on the things that matter to you, like restaurants, phone plans, spas, and more!
  • Optional identity theft protection, home and auto insurance
  • Traditional and Roth retirement options with service contribution and match savings
  • Eligibility for benefits is determined by employment type and status

Primary Location

SITE - Priority Health - 1239 E Beltline Ave NE - Grand Rapids

Department Name

Provider Network Contracting - PH Managed Benefits

Employment Type

Full time

Shift

Day (United States of America)

Weekly Scheduled Hours

40

Hours of Work

8 a.m. to 5 p.m.

Days Worked

Monday to Friday

Weekend Frequency

N/A

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Corewell Health is committed to providing a safe environment for our team members, patients, visitors, and community. We require a drug-free workplace and require team members to comply with the MMR, Varicella, Tdap, and Influenza vaccine requirement if in an on-site or hybrid workplace category. We are committed to supporting prospective team members who require reasonable accommodations to participate in the job application process, to perform the essential functions of a job, or to enjoy equal benefits and privileges of employment due to a disability, pregnancy, or sincerely held religious belief.

Corewell Health grants equal employment opportunity to all qualified persons without regard to race, color, national origin, sex, disability, age, religion, genetic information, marital status, height, weight, gender, pregnancy, sexual orientation, gender identity or expression, veteran status, or any other legally protected category.

An interconnected, collaborative culture where all are encouraged to bring their whole selves to work, is vital to the health of our organization. As a health system, we advocate for equity as we care for our patients, our communities, and each other. From workshops that develop cultural intelligence, to our inclusion resource groups for people to find community and empowerment at work, we are dedicated to ongoing resources that advance our values of diversity, equity, and inclusion in all that we do. We invite those that share in our commitment to join our team.

You may request assistance in completing the application process by calling 616.486.7447.