Description
As a Health & Benefits Financial Analyst you will support a wide variety of projects involving the design, funding, measurement, and financial analysis of the full spectrum of employer health and benefit programs including medical, dental, life, disability, voluntary benefits, etc., and will contribute to a client’s benefits strategy through managing the entire carrier procurement and negotiation process.
You will serve as key team member on select projects, interface with client service teams and global delivery centers to contribute to analyses and client deliverables, ensuring quality standards are met. You will have the opportunity to significantly grow your health and benefits business acumen as well as your financial, project management, negotiation, and communication skills by working on cutting edge projects alongside leaders in the industry.
The Role
- Play an active support role in multiple client teams developing financial analyses, outputs and client deliverables across a regional team as well as project management.
- 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.
- Deepen knowledge of all broad-based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits, etc.)
- Develop and assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development
- Take responsibility for execution of specific tasks that contribute to financial, analytical and placement deliverables for clients, with guidance and adherence to stated deadlines.
- Manage follow-up questions/request from the carriers/vendors
- Collect, summarize and analyze proposal findings; support negotiations, make recommendations for finalist carriers, and communication to carriers
- Design and manage placement (renewal/marketing) deliverables with a strict adherence to stated deadlines
- Increase efficiency within client teams by identifying ways to improve processes
- Build relationships internally and collaborate effectively on cross-functional teams
- Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
- Comply with internal excellence and compliance requirements
- Contribute to the development of new intellectual capital
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
Qualifications
The Requirements
- 2+ years’ experience dealing with the financials of health and benefit plans, ideally gained in a benefit consulting/brokerage firm or at a health insurance company, preferred; alternatively, some exposure to, and interest in, health and benefits plans
- Well organized, detail oriented and strong project management skills
- Strong analytics capabilities with an ability to identify inconsistencies in data, identify and resolve complex issues
- Passion for solving problems and sharing solutions
- Excellent written and verbal communication skills
- Proven ability to manage multiple projects simultaneously
- Self-starter attitude and ability to establish priorities, work independently with limited supervision and as part of a team
- Excellent Microsoft Office skills, particularly in Excel and PowerPoint
- Provincial Life and Health license required within 180 days of joining
- Relevant financial experience and/or Bachelors or Master’s degree in mathematics, statistics, finance, public health, health management, actuarial science or any other major with significant quantitative course work
Artificial Intelligence (AI) tools may be used in the process to screen, assess, or select applicants for a position but all final decisions and determinations are made exclusively by authorized human personnel.
This job posting is an advertisement for an existing vacancy.
Equal Opportunity Employer
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.