Healthcare Financial/Actuarial Manager

WTW

5d•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. 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. The role involves interfacing with vendors and client service teams, communicating complex analyses to clients, and ensuring quality standards are met. You will have opportunities to lead financial projects for small-to-midsized clients and work 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 benefit plan design modeling, cost avoidance and funding strategies, budget projections, and rate and contribution development. You will execute assigned tasks for client deliverables, meet deadlines, collaborate with Global Delivery Centers and Client Service teams, and build effective internal relationships.

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.
Proven ability to lead multiple projects simultaneously and deliver quality work on time and within budget.
Desire and ability to expand client relationships.
Proven ability to identify and resolve issues with limited information and experience.
Polished, 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.

Responsibilities

Support multiple client teams in developing financial analyses, outputs, and client deliverables across a regional team.
Develop working 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 client financial and actuarial deliverables, adhering to deadlines and guidance.
Partner with Global Delivery Centers and Client Service teams to support project management and delivery.
Interface with vendors and client service teams, communicate complex analyses to clients, and ensure quality standards are met.
Build strong internal relationships and collaborate effectively on cross-functional teams.
Lead financial projects with small-to-midsized clients as opportunities arise.

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 and Group Critical Illness coverage
Life Insurance and AD&D
Group Legal
Identity Theft Protection
Wellbeing Program and Work/Life Resources, including an Employee Assistance Program
Paid holidays
Annual paid time off, including state/local paid leave where required
Short-Term Disability and Long-Term Disability
Other leaves, including bereavement, FMLA, ADA, jury duty, military, parental, and adoption leave
Paid time off for Washington roles
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