Health & Benefits- Financial/Actuarial Associate Manager

WTW•San Francisco, CA

About The Position

As a Healthcare Financial/Actuarial Associate Manager, you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will contribute 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. You will work with vendors and client service teams, prepare and communicate analyses to clients, and ensure quality standards are met. The role offers the opportunity to lead financial projects for small-to-midsized clients and work on projects alongside industry leaders. With guidance and direction, you will support multiple client teams across a regional team by developing financial analyses, outputs, and client deliverables. You will build proficiency in financial, actuarial, and analytics theories, models, and tools; support claim reporting and financial modeling; and develop knowledge of broad-based benefit programs. You will also assist with benefit plan modeling, cost avoidance and funding strategies, budget projections, and rate and contribution development. You will execute defined tasks for client deliverables, collaborate with Global Delivery Centers and Client Service teams, and build internal relationships across cross-functional teams.

Requirements

At least 5 years of experience in professional services, ideally in benefit consulting or brokerage, or in a health underwriting or actuarial function at an insurance company.
Advanced knowledge of health and welfare products and services.
Advanced knowledge of underwriting and funding concepts.
Ability to lead multiple projects simultaneously and produce quality deliverables on time and within budget.
Ability and desire to expand client relationships.
Ability to identify and resolve issues with limited information and experience.
Well-developed written and verbal communication skills.
Self-starter who can work independently and as part of a team.
Strong analytical, creative, and integrative skills.
Ability to direct the work of more junior colleagues and provide feedback.
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

Experience with big data analytic techniques.
Progress toward a health actuarial designation or CEBS designation is optional.

Responsibilities

Support multiple client teams in developing financial analyses, outputs, and client deliverables across a regional team.
Develop proficiency in core financial, actuarial, and analytics theories, models, and tools.
Support accurate and reliable claim reporting and financial modeling to guide client decisions.
Develop knowledge of broad-based benefit programs, including health care, pharmacy, wellbeing, life, disability, and voluntary benefits.
Assist with financial modeling of benefit plan designs, cost avoidance and funding strategies, budget projections, and rate and contribution development.
Execute specific tasks contributing to financial and actuarial client deliverables, following guidance and deadlines.
Partner with Global Delivery Centers and Client Service teams to support project management.
Build strong internal relationships and collaborate effectively on cross-functional teams.
Prepare and communicate complex analyses to clients and ensure quality standards are met.
Lead financial projects for small-to-midsized clients as the opportunity arises.

Benefits

Annual short-term incentive bonus.
Medical insurance, including prescription drug coverage and fertility benefits.
Dental insurance.
Vision insurance.
Health Savings Account.
Commuter Accounts.
Health Care and Dependent Care Flexible Spending Accounts.
Company-paid life insurance and supplemental life insurance.
AD&D, group accident, group critical illness, group legal, and identity theft protection.
Mental health and emotional wellbeing support, including an Employee Assistance Program.
Wellbeing program.
Adoption assistance and surrogacy assistance.
Auto and home insurance, pet insurance, and other work/life resources.
Paid holidays and annual paid time off, including paid state/local leave where required.
Short-Term Disability and Long-Term Disability.
Other leaves, including bereavement, FMLA, ADA, jury duty, military leave, and parental and adoption leave.
Contributory Pension Plan and Savings Plan (401k).
Certain Level 38 and more senior roles may be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.