What are the responsibilities and job description for the RFP Lead, Associate Consultant position at Lockton?
Your Responsibilities
- Collect, review and prepare data necessary to prepare and issue RFPs to market for quotes on Life, Disability, and/or Leaves program(s) for multiple client accounts
- Distribute RFI/RFPs and coordinate vendor RFI/RFP responses
- Conduct qualitative and quantitative comparative analyses for Life, Disability and Leave Administration Requests for Proposal
- Perform quality control and data validation checks on the various client data sets
- Integrate data from multiple data sets into relevant client reports
- Model economic outlook and apply financial metrics in case analyses in order to leverage data to support positioning
- Assist in the review of all agreements and/or documents related to client’s Life/Disability coverage and/or Leave Administration services including plan/policy documents and administrative agreements to ensure accuracy and prevent gaps in coverage
- Underwrites life and disability new business within authority limits, including impaired risk, assessing medical and financial risk, and evaluating each requirement as received
- Analyze year-over-year premium, claim, reserve, and paid/incurred loss ratio data for life & disability insurance products
- Assess risk based on various information sources and provide recommendations based on analysis of industry, demographics, and plan designs
- Review specific benefit design elements that are outdated and have pricing impacts to current risk/pricing baseline
- Coordinate workflow with consultant
- Prepare task lists, reports and presentations as needed
- Develop and update tracking for project and client deliverables
- Continuous quality improvement on processes, policies, and reporting to improve efficiency and innovation
- Other responsibilities as required
- Bachelor’s Degree required, insurance or business-related field preferred
- Minimum of 4 years of experience in the insurance industry with a firm working knowledge of Life, AD&D and Disability benefits with an understanding of risk and insurance concepts preferred
- Underwriting/pricing experience for life and disability group insurance benefits preferred
- Knowledge of and experience with integrated disability and absence management programs and practices a plus
- Strong customer service skills with a proven track record of delivering exceptional client service
- Demonstrated proficiency with Microsoft Office products (Excel, PowerPoint, Word, Outlook) with advanced ability to manipulate large spreadsheets
- Understands data sources, processes, formulas and output
- Detail-oriented with excellent organizational and time management skills with ability to manage changing priorities as needed
- Ability to perform work accurately and completely in a timely manner
- Excellent communication, analytical and critical thinking skills with proven ability to interact with associates and vendors at all levels of responsibility
- Proven ability to manage multiple projects simultaneously and prioritize and scale in a fast-paced environment
- Legal right to work in the United States
