Healthcare Financial/Actuarial Senior Associate

WTW

11d•$90,000 - $130,000•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. Develops knowledge of varying client complexity by working across different client profiles and roles, including leading clients’ financial/actuarial engagements for a portfolio of small clients or managing FAA resources to coordinate effective and efficient delivery of more complex client deliverables Demonstrates an advanced/expert knowledge in all aspects of employee benefit plan design, underwriting and funding concepts and H&B tools Is a key member on multiple employer client teams providing financial analyses, outputs and client deliverables across a region Provides direction on benefit plan analysis, design, cost avoidance, risk and funding strategies Reviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves Communicates complex financial/actuarial/analytic results to effectively drive client action Partners 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
Experience with big data analytic techniques preferred
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

Progress towards completion of health actuarial designation or CEBS designation (optional)

Responsibilities

Contribute to complex analyses and projects involving the design, financing, and measurement and financial analysis of employer health and group benefit programs
Interface with vendors and client service teams
Prepare and communicate complex analyses to clients
Ensure quality standards are met
Lead financial projects with small-to-midsized clients
Work on cutting edge projects alongside leaders in the industry
Lead clients’ financial/actuarial engagements for a portfolio of small clients or managing FAA resources to coordinate effective and efficient delivery of more complex client deliverables
Provide financial analyses, outputs and client deliverables across a region
Provide direction on benefit plan analysis, design, cost avoidance, risk and funding strategies
Review technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves
Communicate complex financial/actuarial/analytic results to effectively drive client action
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)
annual short-term incentive bonus