Health & Benefits Analyst

WTW (Willis Towers Watson); Calgary; On-site; CAD 60,000 - 75,000; Full time

Job summary

A leading company is seeking a Health & Benefits Analyst to support various projects related to employer health and benefit programs. You will engage in financial analysis, client deliverables, and enhance your skills in a collaborative environment. This role offers the opportunity to work alongside industry leaders and develop your business acumen.

Qualifications

• 1+ years' experience in health and benefit plans.
• Provincial Life and Health license required within 180 days.

Responsibilities

• Support financial analyses and client deliverables.
• Manage carrier procurement and negotiation process.
• Assist with financial modeling and reporting.

Skills

Analytical Skills

Communication

Problem Solving

Education

Relevant financial experience

University Degree

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

As a Health & Benefits 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 interface with client service teams and global delivery centres 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.
• 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
• 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

The Requirements

• 1+ 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 and detail oriented
• 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 university degree.