Healthcare Financial/Actuarial Associate Manager

WTW; Arlington (VA); Hybrid; USD 80,000 - 100,000; Full time

Benefits offered by this job

Health benefits

Leave benefits

401(k) plan

Hybrid/flexible work

Job summary

WTW in Arlington, VA, is seeking a Healthcare Financial/Actuarial Lead Associate to lead complex analyses across employer health and group benefits programs, interfacing with vendors and client teams to deliver accurate financial modeling and client deliverables.

The role offers growth in health actuarial knowledge, substantial project management exposure, and a hybrid work arrangement with competitive compensation including a base salary range of $80,000 to $100,000 USD annually plus an annual

Qualifications

• 4+ years in professional services, ideally in benefit consulting/brokerage or health underwriting/actuarial
• Knowledge of health and welfare products & services
• Ability to learn big data analytic techniques
• Underwriting and funding concepts knowledge

Responsibilities

• Lead financial analyses and client deliverables across multiple employer client teams
• Provide direction on benefit plan analysis, design, cost avoidance, risk and funding strategies
• Contribute to vendor financial reviews for clients
• Review technical and consulting accuracy, model plan design and reserves
• Deliver accurate claim reporting and financial modeling to guide client decisions
• Collaborate with Global Delivery Centers and Client Service teams for project management
• Communicate complex results to drive client action
• Mentor junior colleagues and support cross-functional collaboration

Skills

Financial analysis

Actuarial knowledge

Client communication

Vendor management

Microsoft Excel

PowerPoint

Project management

Licensing knowledge

Education

University degree

Actuarial designation (CEBS or equivalent)

Tools

Excel

PowerPoint

MS Office

Job description

Description

As a Healthcare Financial/Actuarial Lead Associate you will contribute to a wide variety of complex analyses and projects involving the design, financing, and measurement and financial analysis of the full spectrum of employer health and group benefit programs including medical, dental, life, disability, voluntary benefits, etc. You will interface with vendors and client teams, help prepare 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.

Description

As a Healthcare Financial/Actuarial Lead Associate you will contribute to a wide variety of complex analyses and projects involving the design, financing, and measurement and financial analysis of the full spectrum of employer health and group benefit programs including medical, dental, life, disability, voluntary benefits, etc. You will interface with vendors and client teams, help prepare 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

• Is an active member on multiple employer client teams providing financial analyses, outputs and client deliverables across a region
• Provides direction on benefit plan analysis, design, cost avoidance, risk and funding strategies
• Contributes to vendor financial reviews for clients
• Reviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves
• Delivers accurate and reliable claim reporting and financial modeling to client teams to support client decisions
• Partners with Global Delivery Centers and Client Service teams to deliver superior project management
• Communicates complex financial/actuarial/analytic results to effectively drive client action
• Build strong relationships internally and collaborate effectively on cross-functional teams
  
  

Qualifications

• 4+ years’ experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company
• Knowledge of health and welfare products & services
• Ability to learn big data analytic techniques preferred
• Intermediate/advanced knowledge of underwriting and funding concepts
• Proven ability to manage multiple projects simultaneously and produce quality deliverables on time and within budget
• Strong client service orientation and ability to respond to all communications effectively and in a timely manner
• Proven ability to identify and resolve issues with limited information and experience
• Strong written and verbal communication skills
• Self-starter attitude and ability to work independently and as part of a team
• Strong analytical, creative and integrative skills
• Ability to direct work of more junior colleagues and provide feedback
• 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 $ 80,000.00 - $100, 000.00 USD annually.

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).
  
  

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

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