Senior Actuarial Associate (Healthcare Financial)

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 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 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-midsized clients and work on cutting-edge projects alongside industry leaders.

The Role

• 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 all broad-based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits).
• Assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections with clear guidance.
• Take responsibility for execution of specific tasks that contribute to financial/actuarial deliverables for clients, adhering to stated deadlines.
• Partner 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 of 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 and 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).

Compensation and Benefits

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.

WTW provides a competitive benefits 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).

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 understand flexibility is key to supporting an inclusive and diverse workforce and encourage requests for all types of flexible working as well as location-based arrangements.

EOE, including disability/vets