Health & Benefits Analyst

WTW; Toronto; On-site; CAD 65,000 - 80,000; Full time

Job summary

WTW in Toronto is seeking a Health & Benefits Analyst to support design, funding, measurement, and financial analysis of employer health programs, including medical, dental, life, disability, and voluntary benefits. You will manage carrier procurement, negotiations, and produce client deliverables with high quality standards.

You will work with client service teams and global delivery centers to develop financial analyses, models and insights, contributing to client strategy and health benefits

Qualifications

• 1+ years’ experience ideally gained in a benefit consulting / brokerage firm or health underwriting / actuarial function of an insurance company.
• Ability to manage multiple deliverables simultaneously and deliver quality results on time and within budget.
• Strong knowledge of benefit program products, underwriting and funding concepts.
• Experience with traditional and flexible benefit programs – design elements, renewal pricing, analysis, risk assessment, negotiations, RFPs.
• Excellent Microsoft Office skills, especially Excel and PowerPoint.
• Life and Health license required within 180 days of joining.
• Relevant experience and/or university degree.

Responsibilities

• Support financial analyses and client deliverables across a regional team.
• Develop core financial, actuarial and analytics theories, models and tools.
• Support accurate claims reporting and financial modeling to guide client decisions.
• Assist with financial modeling of benefit plan designs and budget projections.
• Manage follow-up with carriers/vendors.
• Summarize and analyze proposals; support negotiations and recommendations.
• Design and manage placement deliverables with deadlines.
• Improve processes to increase team efficiency.
• Collaborate with Global Delivery Centers and Client Service teams.
• Ensure compliance with internal standards.
• Contribute to development of new intellectual capital.

Skills

Analytical thinking

Communication skills

Self-starter

Team collaboration

Education

University degree

Life and Health license

Tools

Excel

PowerPoint

Job description

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 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.

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 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.
• 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

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

Qualifications

The Requirements

• 1+ years’ experience ideally gained in a benefit consulting / brokerage firm or health underwriting / actuarial function of an insurance company
• Proven ability to manage multiple deliverables simultaneously and produce quality deliverables on time and within budget
• Strong knowledge of benefit program products & services, underwriting and funding concepts
• Experience with both traditional and flexible benefit programs – design elements, renewal pricing, analysis, risk assessment, negotiations, RFP process and analysis
• Strong analytical thinker with experience working with data, developing insights to draw conclusion
• A desire and ability to support the client team in expanding relationships with clients
• Proven ability to identify and resolve issues with limited information
• Polished and well developed written and verbal communication skills
• Self-starter attitude, curious with an ability to work independently and as part of a team
• Creative and integrative skills
• Ability to direct work of more junior colleagues and provide feedback
• Excellent Microsoft Office skills, particularly in Excel and PowerPoint
• Life and Health license required within 180 days of joining
• Relevant experience and/or university degree

Compensation

The base salary compensation range being offered for this role is $65,000 to $80,000 CAD per year.

This role is also eligible for an annual short-term incentive bonus.

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