Health & Benefits Financial Analyst

WTW•Seattle, WA

2d•$90,000 - $98,000

About The Position

As a Healthcare Financial/Actuarial Associate, the employee contributes to complex analyses and projects involving the design, financing, measurement, and financial analysis of employer health and group benefit programs, including medical, dental, life, disability, and voluntary benefits. The role interfaces with vendors and client teams, helps prepare client deliverables, and ensures quality standards are met. It offers the opportunity to develop health and benefits business knowledge as well as financial, project management, and communication skills through work on industry projects. The role supports multiple employer client teams across a region, providing financial analyses and deliverables. It supports benefit plan analysis, design, cost avoidance, risk, and funding strategies; contributes to vendor financial reviews; reviews technical and consulting accuracy; develops pricing and employee contribution strategies; models plan alternatives and calculates reserves; and provides claim reporting and financial modeling to inform client decisions. The position also partners with Global Delivery Centers and Client Service teams on project management and communicates complex financial, actuarial, and analytical results to help drive client action. Employment-based non-immigrant visa sponsorship or assistance is not offered for this opportunity. The position is eligible for an annual short-term incentive bonus. The stated base salary range is $90,000 to $98,000 USD per year.

Requirements

At least 2 years of experience in professional services, ideally in a benefit consulting or brokerage firm, or in a health underwriting or actuarial function at an insurance company.
Basic knowledge of health and welfare products and services.
Knowledge of carrier claim reporting.
Ability to manage multiple projects simultaneously and deliver quality work on time and within budget.
Strong client service orientation and timely, effective communication.
Ability to identify and resolve issues.
Strong written and verbal communication skills.
Self-starter who can work independently and as part of a team.
Strong analytical, creative, and integrative skills.
Excellent Microsoft Office skills, particularly Excel and PowerPoint.
State Life and Health license required within 90 days of joining.
Relevant financial experience and/or a university degree.

Nice To Haves

Ability to learn big data analytic techniques.
Progress toward a health actuarial designation or CEBS designation (optional).

Responsibilities

Participate on multiple employer client teams, providing financial analyses, outputs, and client deliverables across a region.
Support benefit plan analysis, design, cost avoidance, risk, and funding strategies.
Contribute to vendor financial reviews for clients.
Review technical and consulting accuracy on client projects.
Develop pricing and employee contribution strategies, model plan design alternatives, and calculate reserves.
Deliver accurate and reliable claim reporting and financial modeling to support client decisions.
Partner with Global Delivery Centers and Client Service teams to support project management.
Communicate complex financial, actuarial, and analytical results to drive client action.
Build strong internal relationships and collaborate effectively on cross-functional teams.
Manage multiple projects and produce quality deliverables on time and within budget.

Benefits

Medical coverage, including prescription coverage
Dental insurance
Vision insurance
Health Savings Account
Commuter Account
Health Care and Dependent Care Flexible Spending Accounts
Group Accident coverage
Group Critical Illness coverage
Life Insurance
AD&D coverage
Group Legal
Identity Theft Protection
Wellbeing Program
Work/Life Resources, including Employee Assistance Program
Paid holidays
Annual paid time off, including paid state/local leave where required
Short-Term Disability
Long-Term Disability
Other leaves, including bereavement, FMLA, ADA, jury duty, military, parental, and adoption leave
Contributory Pension Plan
401(k) Savings Plan
Annual short-term incentive bonus