Health and Group Benefits Actuarial Consultant

Willis Towers Watson   •  

Toronto, ON

Industry: Financial Services


8 - 10 years

Posted 383 days ago

This job is no longer available.

The Business

Our Health and Group Benefits business helps large and mid-size clients control soaring health and welfare plan costs, improve health outcomes and promote employee engagement through broad-based, state-of-the-art interventions.  We provide solutions encompassing creative plan design, vendor evaluation and management, pricing and funding strategies, data analytics, valuation support, legal compliance and governance strategies.  We also provide Specialty consulting services including clinical/health management program design, pharmacy solutions, disability/absence management strategies and claimsaudit services.  Product based solutions such as our pharmacy purchasing coalition round out our broad-based suite of offerings.

The Role

As a Health and Group Benefits Actuarial Consultant you will consult on a wide variety of complex projects involving the design, pricing, funding, implementation and management of a full array of Health And Group Benefits programs including medical, dental, life, disability, time off and flexible benefits.  You will serve as the project manager and day to day communication liaison with our clients, create client deliverables, contribute to client management and new business activities, and participate in the creation of new intellectual capital.

Performance Objectives:


  • Provide valued-added consulting expertise on large, sophisticated projects including health and welfare plan re-design, pricing, retiree medical valuations, funding and employee contributions strategies, reserve calculations, benchmarking studies and negotiations, plan renewals and vendor analysis and management
  • Contribute to health management/wellness, disability/absence management, pharmacy and other projects in our Specialty area
  • Contribute to the development of new tools and approaches


      -  Deliver superior, consistent project management for assigned clients:
      -  Draft statements of work, project plans and budgets involving multiple workflow streams and client teams
      -  Serve as the day to day project lead, ensuring the progress of the team against established objectives, budget, timeline,    deliverables and quality standards
      -  Serve as primary, daily contact to clients on delivery of services
      -  Manage client expectations and raise appropriate issues to Senior Consultants and Client Relationship Managers
      - Interface with colleagues from other practices and regions on assignments that reflect the client’s broader business issues
-       Develop a trusted advisor relationship with client contacts through effective communication and efficient, quality execution of projects


  • Meet revenue and billable hour goals established with your manager
  • Support the generation of new business by enhancing relationships with current clients and recommending new projects and solutions
  • Participate in prospecting opportunities with new clients as part of a broader team
  • Directly contribute to clients’ success through applying your technical expertise


  • Build relationships internally and collaborate effectively on cross-functional teams
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
  • Serve as mentor to project team associates

Job Requirements

The Requirements


  • 7+ years’ experience and success in the design/management of group health and welfare plans gained in a consulting, brokerage or carrier environment
  • Strong financial skills;  prior experience in group health and welfare product pricing, underwriting or valuation work preferred
  • Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget
  • Demonstrated success in managing client issues and relationships;  some experience in growing relationships with current clients
  • Strong interpersonal and team skills
  • Polished and well developed oral and written communication skills
  • Self-starter attitude and ability to work with ambiguity
  • Flexibility and proven ability to diagnose and resolve issues
  • Strong analytical and creative skills
  • Experience training/mentoring junior staff
  • The ability to see the 'big picture,' leveraging the resources of related practices to address the clients' business challenges
  • Working knowledge of Excel, MS Project, MS Word
  • Availability to travel on an as needed basis
  • BA/BS degree plus ASA designation required, FSA/FCIA preferred