Healthcare Financial/Actuarial Analyst

Willis Towers Watson; Missouri; Hybrid; USD 60,000 - 75,000; Full time

Job summary

An established industry player is seeking a Healthcare Financial/Actuarial Analyst to join their dynamic team. This role offers an exciting opportunity to support various projects related to employer health and welfare benefit programs. You'll collaborate with client teams while developing your financial and project management skills. The position allows for a flexible working environment, blending remote and in-office interactions. Join a forward-thinking company where your contributions will help shape innovative solutions in the health benefits sector, all while enjoying a competitive salary and comprehensive benefits package.

Benefits

Health and Welfare Benefits

Paid Holidays

Annual Paid Time Off

Short-Term Disability

Long-Term Disability

401k Savings Plan

Flexible Working Arrangements

Qualifications

• 1+ year experience in benefit consulting or insurance actuarial functions.
• Strong client service orientation and ability to manage multiple projects.

Responsibilities

• Support financial analyses and deliverables for client teams.
• Assist with financial modeling of benefit plans and strategies.

Skills

Data Management

Mathematics

Analytical Skills

Communication Skills

Project Management

Education

Relevant Financial Experience

University Degree

Progress towards Health Actuarial Designation

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

Description

As a Healthcare Financial/Actuarial Analyst you will support a wide variety of projects involving the design, funding, and measurement and financial analysis of the full spectrum of employer health and welfare benefit programs including medical, dental, life, disability, voluntary benefits, etc. You will interface with client teams, contribute to analyses and client deliverables, and ensure 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 and communication skills by working 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

• 1+ year work experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company.
• Basic knowledge of some health and welfare products & services.
• Strong data management, math and/or analytics capabilities.
• Ability to identify inconsistencies in data.
• Proven ability to manage multiple projects simultaneously.
• Strong client service orientation (internal and external)
• Ability to identify and resolve issues.
• Strong written and verbal communication skills
• Self-starter attitude and ability to work independently and as part of a team.
• 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.

Compensation and Benefits

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $60,000.00 to $75,000.00 USD per year.

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

Company Benefits

WTW 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.

EOE, including disability/vets