Healthcare Financial/Actuarial Senior Associate

Willis Towers Watson•Charlotte, NC

60d•Hybrid

About The Position

As a Healthcare Financial/Actuarial Senior Associate you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will substantially contribute to a wide variety of complex analyses and projects involving the design, financing, and measurement and financial analysis of the full spectrum of employer health and group benefit programs including medical, dental, life, disability, voluntary benefits, etc. You will interface with vendors and client service teams, prepare and communicate complex analyses to clients, and ensure quality standards are met. You will have the opportunity to position yourself to lead financial project with small-to-midsized clients, and work on cutting edge projects alongside leaders in the industry. The Role With clear guidance and direction, play an active support role in multiple client teams developing financial analyses, outputs and client deliverables across a regional team. Develop working proficiency of core financial, actuarial and analytics theories, models and tools. Support accurate and reliable claim reporting and financial modeling to guide client decisions. Develop basic knowledge of all broad-based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits, etc.) Assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development with clear guidance and direction. Take responsibility for execution of specific tasks that contribute to financial/actuarial deliverables for clients, with guidance and adherence to stated deadlines. Partner with Global Delivery Centers and Client Service teams to deliver superior project management. Build strong relationships internally and collaborate effectively on cross-functional teams.

Requirements

5+ years' experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company
Advanced knowledge of health and welfare products & services
Advanced knowledge of underwriting and funding concepts
Proven ability to lead multiple projects simultaneously and produce quality deliverables on time and within budget
Desire and ability to expand relationships with clients
Proven ability to identify and resolve issues with limited information and experience
Polished and 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 work of more junior colleagues and provide feedback
Excellent Microsoft Office skills, particularly in Excel and PowerPoint
State Life and Health license required within 90 days of joining
Relevant financial experience and/or university degree

Nice To Haves

Experience with big data analytic techniques preferred
Progress towards completion of health actuarial designation or CEBS designation (optional)

Responsibilities

play an active support role in multiple client teams developing financial analyses, outputs and client deliverables across a regional team.
Develop working proficiency of core financial, actuarial and analytics theories, models and tools.
Support accurate and reliable claim reporting and financial modeling to guide client decisions.
Assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development with clear guidance and direction.
Take responsibility for execution of specific tasks that contribute to financial/actuarial deliverables for clients, with guidance and adherence to stated deadlines.
Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
Build strong relationships internally and collaborate effectively on cross-functional teams.

Benefits

Medical (including prescription coverage)
Dental
Vision
Health Savings Account
Commuter Account
Health Care and Dependent Care Flexible Spending Accounts
Group Accident
Group Critical Illness
Life Insurance
AD&D
Group Legal
Identify Theft Protection
Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
Paid Holidays
Annual Paid Time Off (includes paid state/local paid leave where required)
Short-Term Disability
Long-Term Disability
Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)
Paid Time Off (Washington State only)
Contributory Pension Plan and Savings Plan (401k).