Health and Benefits Financial Analyst

WTW•Calgary, AB

About The Position

As a Health & Benefits Financial Analyst, you will support a wide variety of projects involving the design, funding, measurement, and financial analysis of the full spectrum of employer health and benefit programs including medical, dental, life, disability, voluntary benefits, etc. You will contribute to a client’s benefits strategy through managing the entire carrier procurement and negotiation process. You will serve as a key team member on select projects, interface with client service teams and global delivery centers to contribute to analyses and client deliverables, ensuring quality standards are met. You will have the opportunity to significantly grow your health and benefits business acumen as well as your financial, project management, negotiation, and communication skills by working on cutting-edge projects alongside leaders in the industry.

Requirements

Working proficiency of core financial, actuarial and analytics theories, models and tools.
Accurate and reliable claim reporting and financial modeling.
Knowledge of all broad-based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits, etc.).
Financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development.
Execution of specific tasks that contribute to financial, analytical and placement deliverables for clients, with guidance and adherence to stated deadlines.
Management of follow-up questions/request from the carriers/vendors.
Collection, summarization and analysis of proposal findings; support negotiations, make recommendations for finalist carriers, and communication to carriers.
Design and management of placement (renewal/marketing) deliverables with a strict adherence to stated deadlines.
Identification of ways to improve processes.
Building relationships internally and collaborating effectively on cross-functional teams.
Partnering with Global Delivery Centers and Client Service teams to deliver superior project management.
Compliance with internal excellence and compliance requirements.
Contribution to the development of new intellectual capital.

Responsibilities

Play an active support role in multiple client teams developing financial analyses, outputs and client deliverables across a regional team as well as project management.
Develop working proficiency of core financial, actuarial and analytics theories, models and tools.
Support accurate and reliable claim reporting and financial modeling to guide client decisions.
Deepen knowledge of all broad-based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits, etc.).
Develop and assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development.
Take responsibility for execution of specific tasks that contribute to financial, analytical and placement deliverables for clients, with guidance and adherence to stated deadlines.
Manage follow-up questions/request from the carriers/vendors.
Collect, summarize and analyze proposal findings; support negotiations, make recommendations for finalist carriers, and communication to carriers.
Design and manage placement (renewal/marketing) deliverables with a strict adherence to stated deadlines.
Increase efficiency within client teams by identifying ways to improve processes.
Build relationships internally and collaborate effectively on cross-functional teams.
Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
Comply with internal excellence and compliance requirements.
Contribute to the development of new intellectual capital.