Financial Consultant

Marsh McLennan • Washington, DC

6d • $64,700 - $120,400 • Hybrid

About The Position

The Financial Consultant works with Account Teams on assigned cases, providing complex financial analysis and using modeling tools to evaluate benefit programs and their impact on business objectives, including the management and control of client risks and losses. The role supports internal sales teams and consulting clients, contributes to employee benefit due diligence and carve-out transactions, and evaluates coverage, pricing, and plan design options based on client goals. Work is typically performed in a hybrid manner from the Conshohocken, Pennsylvania office.

Requirements

• Bachelor’s degree in Risk Management, Insurance, Actuary, Mathematics, or a related field, or equivalent work experience.
• At least 3 years of experience in the Benefits Brokerage, Consulting, or Insurance industry is preferred.
• Intermediate working knowledge of Microsoft Excel, including pivot tables, macros, and intermediate formulas.
• Effective analytical, math, and problem-solving skills; sound judgment; strong decision-making ability; confidence making difficult decisions; and excellent communication skills.
• Organized and detail-oriented, with the ability to translate big-picture ideas into client objectives.
• Strong organizational and analytical skills and attention to detail.
• Excellent troubleshooting, decision-making, and problem-solving skills.
• Strong negotiation and persuasion skills.
• Goal-oriented self-starter.
• Solid interpersonal, verbal, and written communication skills.
• Ability to work independently and as a team member.
• Ability to multitask and work successfully in a fast-paced environment.
• Ability to prioritize projects and meet deadlines.
• Ability to follow through and execute tasks while adhering to specified quality standards.
• Demonstrated ability to provide superior customer service and maintain positive relationships with client contacts.
• Proficiency in Microsoft Office Suite, including intermediate Word, advanced Excel, and intermediate Access.
• Proficiency using a PC, including keyboard skills and electronic folder/file organization and management.
• Aptitude for learning internal systems, applications, and departmental workflows.
• Ability to interact effectively with people at all levels inside and outside the company.

Nice To Haves

• At least 3 years of experience in the Benefits Brokerage, Consulting, or Insurance industry is preferred.

Responsibilities

• Perform financial and risk analysis support for internal sales teams and their consulting clients.
• Conduct employee benefit due diligence projects for clients and portfolio companies.
• Assist account teams with coordination and implementation of employee benefit programs for carve-out transactions.
• Define clients’ employee contribution modeling and strategies.
• Evaluate and recommend alternative coverage, pricing options, and plan design changes based on economic analysis and client goals.
• Prepare reporting for plan change evaluations, budget and reserve calculations, and ongoing reviews.
• Participate in prospective client data analysis and presentations.
• Maintain quality service standards and organization to assure timely service to the MMA East team.
• Research and stay informed about the competitive insurance environment, complex insurance projects, and changing legislation governing business.

Benefits

• Generous time off, including personal and volunteering time.
• Tuition reimbursement and professional development opportunities.
• Charitable contribution match programs.
• Stock purchase opportunities.
• Health and welfare benefits.
• 401K savings and other retirement programs.
• Employee assistance programs.
• The position may be eligible for performance-based incentives.

What This Job Offers

• Job Type: Full-time