Financial and Actuarial Consultant

Gallagher • Cleveland, OH

3d

About The Position

At Gallagher Benefit Services, you’re a trusted partner to organizations navigating some of their most important people decisions. We help clients build better workplaces, where people feel supported, empowered, and inspired to thrive. Whether it’s shaping benefit strategies, designing wellbeing programs, or advising on workforce challenges, the work you do here creates meaningful change for businesses and the people who power them. We’re a community of bold explorers, trusted experts, and compassionate partners; working side by side to solve problems, and shape the future of work. Here, curiosity is encouraged, collaboration is second nature, and your ideas have room to grow. If you’re looking for a place where your contribution matters and where you can help build a better world of work; think of Gallagher.

Requirements

• Bachelor’s degree in finance, Mathematics, Statistics, or a related field of study, AND Five (5) Years of experience in the job offered or a related occupation in which the required experience was gained.
• Passing of at least 2 of the following actuarial examinations towards obtaining an Associate of Society of Actuaries certification: P, FM, FAM, SRM, PA, ALTAM or ASTAM
• Microsoft Excel with VBA Familiarity
• HealthCare Consulting/Communication
• US HealthCare System and Regulations
• Actuarial Modeling and Forecasting
• HealthCare Data Analytics and Reporting
• Technology & Tools Proficiency – Plan Rating Models, Monte Carlo Simulation
• Negotiation & Market Placement
• Risk Management – Stop Loss, Self-Funding vs Fully-Insured

Responsibilities

• Evaluate and present monthly, quarterly and annual reports that measure client financial status, track expenses by product line, renewal projections, funding levels and rates, etc. to the Account Management teams and to clients when necessary.
• Demonstrate proficiency and understanding of various proprietary Models and Tools used to calculate financial results.
• Analyze data from carriers on clients, and provide recommendations to account management teams or to clients, in order to effectively negotiate rates and funding levels.
• Prepare, analyze and consult on various client deliverables, as defined by the scope of services of the Financial Benefits Consulting team.
• Maintain workflow tracking application or logs, as established by management and departmental guidelines and protocol.
• Oversee the review of contract documents such as plan descriptions, administrative agreements, claim exclusions and limitations, etc. that may impact financial reports. Identify training opportunities in this regard for subordinates on the team.
• Evaluate, assign, monitor and peer review reports generated by Financial Benefits Consulting team subordinates, when requested by various Gallagher staff.
• Serve as a resource to branch office staff in order to provide resolution of complex underwriting problems and questions delivered by Client Fits Consulting team.
• Stay abreast of what's happening in local markets, to make certain that each branch is given the tools needed to stay competitive in their communities.
• Assist in the preparation of presentations, campaigns, communication materials, newsletters, etc. to internal staff and clients / prospects regarding Financial Benefits Consulting policies and scope of services.
• Oversee communication from Analyst positions regarding processes and data needed to effectively analyze client financial status.
• Peer review and make suggestions for materials and notices shared across the region and/or divisional Financial Benefits Consulting team.

Benefits

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave
• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level