What are the responsibilities and job description for the HEALTHCARE FINANCIAL/ACTUARIAL SENIOR ASSOCIATE position at WTW?
Description
Candidates from the following locations will be considered
Short Hills, NJ, Philadelphia, PA, King of Prussia, PA, Stamford, CT, Boston, MA
As a Healthcare Financial / Actuarial Senior Associate you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will substantially 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 service teams, prepare and communicate complex analyses to clients, and ensure quality standards are met. You will have the opportunity to position yourself to lead financial project with small-to-midsized clients, and work on cutting edge projects alongside leaders in the industry.
Develops knowledge of varying client complexity by working across different client profiles and roles, including leading clients' financial / actuarial engagements for a portfolio of small clients or managing FAA resources to coordinate effective and efficient delivery of more complex client deliverables
Demonstrates an advanced / expert knowledge in all aspects of employee benefit plan design, underwriting and funding concepts and H&B tools
Is a key 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
- Reviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves
Communicates complex financial / actuarial / analytic results to effectively drive client action
Partners 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
5 years' experience in professional services, ideally gained in a benefit consulting / brokerage firm or health underwriting / actuarial function of an insurance company
Advanced knowledge of health and welfare products & services
Experience with big data analytic techniques preferred
Advanced knowledge of underwriting and funding concepts
Proven ability to lead multiple projects simultaneously and produce quality deliverables on time and within budget
Desire and ability to expand relationships with clients
Proven ability to identify and resolve issues with limited information and experience
Polished and well developed 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 $90,000.00 to $130,000.00 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)
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.
Salary : $90,000 - $130,000
