Health and Benefits Actuarial Consultant/Analyst

Aon Hewitt; Boston (MA); Hybrid; USD 70,000 - 100,000; Full time

Job summary

An innovative firm is seeking a Health Solutions Actuarial Analyst to provide analytical support for mid to large corporate accounts. This role involves conducting underwriting analysis, assisting with negotiations, and preparing financial exhibits. The ideal candidate will have strong technical skills, particularly in Excel, and a background in actuarial science. Join a company that values inclusivity and offers a comprehensive benefits package, including 401(k) and health insurance. This is a fantastic opportunity to grow in a supportive environment while making a significant impact in the health solutions sector.

Benefits

401(k)

Health Insurance

Paid Time Off

Wellbeing Days

Flexible Working Arrangements

Qualifications

• 1-4 years of relevant experience in consulting or insurance.
• Strong technical skills, especially in Excel.

Responsibilities

• Conduct underwriting analysis and negotiate insurance rates.
• Assist consultants with renewal ratings and quarterly reviews.

Skills

Consulting Experience

Insurance Knowledge

Microsoft Office

Excel Proficiency

Actuarial Science

Education

Bachelor’s Degree in Actuarial Science

Completion of SOA Exams

Job description

Health Solutions Actuarial Analyst and/or Consultant

Location: Irvine, CA; Los Angeles, CA; San Francisco, CA

Work Model: Hybrid

What your Day Will Look Like:

1. Conduct underwriting analysis based on clients’ plan history and risk changes to negotiate the best insurance rates;
2. Assist consultants with negotiating renewal ratings and preparing quarterly experience reviews and letters;
3. Perform market reviews and benchmarking to meet client needs;
4. Prepare financial exhibits and analyze quotations, including preparing specifications for seeking quotations;
5. Review group insurance contracts, agreements, and employee handbooks;
6. Peer review and validate work done by junior health and benefits analysts;
7. Assist in analytic projects such as risk pooling simulations and drug utilization reviews.

How This Role is Different:

As a Health Solutions Actuarial Analyst, you will support mid to large corporate accounts with analytics to assist Health Strategies Consultants in servicing clients and prospects.

Skills and Expertise That Will Lead to Success:

• 1-4 years of relevant experience, preferably in consulting or insurance, working in group underwriting and benefits;
• Strong technical skills across Microsoft Office, with advanced proficiency in Excel;
• Bachelor’s degree in Actuarial Science, Mathematics, or related field;
• Completion of 3-5 SOA exams and working towards ASA designation.

Our Support for Colleagues:

We offer a comprehensive benefits package, promote an inclusive and agile work environment, and support work/life balance with initiatives like Wellbeing Days and flexible working arrangements. Our culture encourages continuous learning and growth, valuing authenticity and inclusivity. We are an equal opportunity employer and welcome applications from all backgrounds, including those with criminal histories or disabilities, with reasonable accommodations provided.

For more information on accommodations, contact: [e-mail]

For positions in San Francisco and Los Angeles, we consider qualified applicants with arrest and conviction records in accordance with local laws.

Note: We do not accept unsolicited resumes from search firms for this position. Management reserves the right to reassign duties as needed.

Pay and Benefits:

Salary range: $70,000 - $100,000 annually, based on experience and location. Position eligible for annual bonuses and a broad benefits package, including 401(k), health insurance, paid time off, and more.

#LI-KT1 #LI-Hybrid #LI-REMOTE