Job DescriptionAs 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.
Qualifications- 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
- Progress towards completion of health actuarial designation or CEBS designation (optional)
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
Company BenefitsWTW provides a competitive benefit package which includes the following (eligibility requirements apply):
- Health and Welfare 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)
- Leave Benefits: 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)
- Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).
The position allows for flexible working:At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution.
We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
