Healthcare Actuarial Associate

Description

As a Healthcare Financial/Actuarial Associate, you will contribute to a wide variety of complex analyses and projects involving the design, financing, measurement, and financial analysis of employer health and group benefit programs including medical, dental, life, disability, and voluntary benefits.

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.

• Is an active member on multiple employer client teams providing financial analyses, outputs, and client deliverables across a region.
• Supports benefit plan analysis, design, cost avoidance, risk, and funding strategies.
• Contributes to vendor financial reviews for clients.
• Provides quality reviews for technical and consulting accuracy on client projects, including developing pricing and employee contributions strategies, modeling 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.
• Learn to communicate complex financial, actuarial, and analytic results to effectively drive client action.
• Build strong relationships internally and collaborate effectively on cross-functional teams.

Qualifications

• 2+ years’ experience in professional services, ideally gained in a benefit consulting or brokerage firm or health underwriting/actuarial function of an insurance company.
• Basic knowledge of health and welfare products and services.
• Ability to learn big data analytic techniques preferred.
• Knowledge of carrier claim reporting.
• 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.
• 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.
• 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).

This position will remain posted for a minimum of three business days from the date posted or until a sufficient 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.

Compensation

The base salary compensation range being offered for this role is $70,000.00 to $85,000.00 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, Identity Theft Protection, Wellbeing Program, and Work/Life Resources.
• Leave Benefits: Paid Holidays, Annual Paid Time Off, 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).

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 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.