Healthcare Financial/Actuarial Manager

WTW•Boston, MA

5d•$110,000 - $130,000•Hybrid

About The Position

As a Healthcare Financial/Actuarial Manager, you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise, contributing 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 interface with vendors and client service teams, prepare and communicate complex analyses to clients, and ensure quality standards are met. The role offers opportunities to lead financial projects for small-to-midsized clients and work on cutting-edge 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 assist with modeling benefit plan designs, cost avoidance and funding strategies, budget projections, and rate or contribution development. You will execute assigned tasks to support client deliverables, meet deadlines, partner with Global Delivery Centers and Client Service teams on project management, and collaborate across teams. The position is described as hybrid, with remote, in-person, and in-office interactions determined by the needs of the team, role, and clients. The base salary range is $110,000–$130,000 annually, and the role is eligible for an annual short-term incentive bonus. WTW offers a competitive benefits package, subject to eligibility requirements.

Requirements

At least 5 years of experience in professional services, ideally at a benefit consulting or brokerage firm, 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 attitude and ability to 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 completion of a health actuarial designation or CEBS designation (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 or contribution development.
Execute assigned tasks contributing to client financial and actuarial deliverables, following guidance and stated deadlines.
Partner with Global Delivery Centers and Client Service teams to support project management.
Build internal relationships and collaborate effectively on cross-functional teams.
Interface with vendors and client service teams, prepare and communicate complex analyses to clients, and ensure quality standards are met.
Contribute to complex analyses and projects involving the design, financing, measurement, and financial analysis of employer health and group benefit programs.

Benefits

Medical insurance, including prescription coverage
Dental insurance
Vision insurance
Health Savings Account
Commuter Account
Health Care and Dependent Care Flexible Spending Accounts
Group Accident and Group Critical Illness coverage
Life insurance and AD&D coverage
Group Legal coverage
Identity Theft Protection
Wellbeing Program and Work/Life Resources, including Employee Assistance Program
Paid holidays
Annual paid time off, including state or local paid leave where required
Short-term disability
Long-term disability
Other leave benefits, including bereavement, FMLA, ADA, jury duty, military, parental, and adoption leave
Qualified contributory pension plan, if eligible
401(k) plan with annual nonelective company contribution
Non-qualified retirement plans for eligible senior-level colleagues
Annual short-term incentive bonus