WTW
Healthcare Financial/Actuarial Senior Associate
WTW, San Francisco, California, United States, 94199
Description
As a Healthcare Financial/Actuarial Senior Associate you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will contribute to a wide variety of analyses and projects involving the design, financing, and measurement of employer health and group benefit programs including medical, dental, life, disability, and voluntary benefits. 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 lead financial projects with small-to-mid sized clients and work on cutting edge projects alongside industry leaders.
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 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 deadlines.
Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
Build strong internal relationships and collaborate effectively on cross-functional teams.
Qualifications
5+ years’ experience in professional services, ideally 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.
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. Salaries may vary for different individuals based on factors including location, competencies, education/professional certifications, qualifications/experience, performance, and potential for revenue generation (Producer roles only).
Compensation The base salary compensation range being offered for this role is $90,000.00 to $120,000.00 USD per year. This role is also eligible for an annual short-term incentive bonus.
Company Benefits
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, Short-Term Disability, Long-Term Disability, Other Leaves (Bereavement, FMLA, ADA, Jury Duty, Military Leave, 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. We encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
This position remains posted for a minimum of three business days from posting or until a sufficient candidate slate has been identified.
Equal Employment Opportunity
statements and related compliance notes were kept in this version as applicable.
#J-18808-Ljbffr
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 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 deadlines.
Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
Build strong internal relationships and collaborate effectively on cross-functional teams.
Qualifications
5+ years’ experience in professional services, ideally 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.
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. Salaries may vary for different individuals based on factors including location, competencies, education/professional certifications, qualifications/experience, performance, and potential for revenue generation (Producer roles only).
Compensation The base salary compensation range being offered for this role is $90,000.00 to $120,000.00 USD per year. This role is also eligible for an annual short-term incentive bonus.
Company Benefits
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, Short-Term Disability, Long-Term Disability, Other Leaves (Bereavement, FMLA, ADA, Jury Duty, Military Leave, 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. We encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
This position remains posted for a minimum of three business days from posting or until a sufficient candidate slate has been identified.
Equal Employment Opportunity
statements and related compliance notes were kept in this version as applicable.
#J-18808-Ljbffr