Health Solutions Stop Loss Specialist

Aon Corporation • Chicago, IL

22h • Remote

About The Position

As part of Aon’s US Health Solutions team, you will help clients make better decisions about how to structure and finance their health plans. You will serve as a subject matter expert (SME) on stop loss coverage, partnering with colleagues across consulting, broking, actuarial, and analytics to deliver differentiated solutions. The Stop Loss Specialist is an experienced individual contributor responsible for advising clients and internal collaborators. Their focus is stop loss strategy, placement, and ongoing management for self-funded medical programs. This role combines technical stop loss expertise, market insights, and strong client consulting skills to help employer clients handle catastrophic claim risk and achieve their financial objectives.

Requirements

• Several years of experience (typically 5–8+ years) in employee benefits, health underwriting, or stop loss with a broker/consulting firm, carrier, MGU, or TPA.
• Demonstrated knowledge of stop loss products, underwriting, and contract structures for self‑funded medical plans.
• Strong analytical skills with experience working with claims, enrollment, and financial data; advanced proficiency in Excel.
• Proven track record to communicate complex concepts clearly to non‑technical audiences, both in writing and verbally.
• Strong organizational skills with the ability to lead multiple projects, deadlines, and stakeholders simultaneously.
• Bachelor’s degree in business, finance, actuarial science, healthcare administration, or a related field; or equivalent work experience.
• Health and Life insurance license (or ability to obtain within required timeframe, if needed for the role).

Nice To Haves

• Professional designations (e.g., CEBS, RHU, actuarial exams, or similar) are a plus.

Responsibilities

• Serve as a stop loss subject matter expert for self‑funded employer clients within US Health Solutions.
• Advise clients regarding stop loss program building, including specific and aggregate attachment points, lasers, contract types, and coverage provisions aligned to risk tolerance and financial goals.
• Participate in client meetings, renewal discussions, and strategy sessions; clearly translate technical and financial concepts into actionable recommendations.
• Collaborate closely with client relationship managers, actuaries, and broking colleagues to ensure loss limitation approach is coordinated with overall health and benefits strategy.
• Lead or support the marketing and placement of stop loss coverage with carriers and managing general underwriters (MGUs).
• Prepare RFPs, review and compare quotes, and support negotiations of pricing, terms, lasers, and conditions within delegated authority.
• Review and challenge carrier underwriting assumptions and results and escalate complex situations appropriately.
• Maintain effective working relationships with stop loss carriers, MGUs, and internal placement teams.
• Analyze claims experience, large claimants, enrollment, and exposure data to recommend appropriate specific and aggregate levels and structures.
• Contribute to or review forecasting, pricing, and financial impact analyses to support renewals and new business.
• Ensure accuracy and consistency of analytical work, documentation, and client deliverables, following Aon standards, tools, and templates.
• Support ongoing monitoring of large claimants and high‑cost conditions from a stop loss perspective.
• Assist with interpretation of policy language related to stop loss and coordinate resolution of complex or brought-up claim reimbursement issues with carriers.
• Partner with clinical, care management, pharmacy, or other specialty teams where appropriate to integrate clinical insights into stop loss strategy.
• Act as an internal resource and go‑to SME on stop loss topics for colleagues across Aon.
• Mentor and provide guidance to junior analysts and consultants on stop loss concepts, quote review, contract interpretation, and client‑ready materials.
• Contribute to the improvement of tools, processes, knowledge content, and protocols related to stop loss within the US Health Solutions practice.

Benefits

• a 401(k) savings plan with employer contributions
• an employee stock purchase plan
• consideration for long-term incentive awards at Aon’s discretion
• medical, dental and vision insurance
• paid time off at the discretion of the employee and management in accordance with company policy and practices
• Various other types of leaves of absence
• paid sick leave as provided under state and local paid sick leave laws
• short-term disability and optional long-term disability
• health savings account
• health care and dependent care reimbursement accounts
• employee and dependent life insurance and supplemental life and AD&D insurance
• optional personal insurance policies
• adoption assistance
• tuition assistance
• commuter benefits
• an employee assistance program that includes free counseling sessions

What This Job Offers

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