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Hunt Valley MD

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Potomac MD

Part Qualified

Senior Actuary

Life

Health

Reporting

Risk

Modelling

Pricing

Consulting

Excel

DescriptionAs a Health and Benefits Financial/Actuarial Director, you will serve as the financial lead for large, complex client assignments. You’ll leverage your experience as a benefits financial/actuarial expert to make strategic recommendations on funding, plan design, and innovative financial solutions.You will apply your financial management and data analytics expertise to solve complex client problems and to lead the development of new H&B intellectual capital.<ul><li>Communicates and delivers complex concepts and financial/actuarial/analytic results to effectively drive client action and improve plan performance</li><li>Leads Medium to Large clients’ financial/actuarial engagements</li><li>Develops and delivers the financial/actuarial strategy for a portfolio of Medium and/or Large clients</li><li>Drives revenue growth through client sales of additional actuarial, financial, and/or risk solutions</li><li>Provides consulting quality reviews and client delivery for all types of financial/actuarial deliverables</li><li>Guides team (regional and global) on deliverables based on client need; reviews models and presentations for client delivery</li><li>Builds relationships internally and collaborates effectively on cross-functional teams</li></ul>Qualifications<ul><li>10+ years’ experience and demonstrated success in the delivery of complex health and welfare financial/actuarial strategies and analysis in a consulting or brokerage environment</li><li>Proven ability to generate revenue</li><li>Track record of success in managing and growing client relationships</li><li>Deep understanding and expert knowledge in all aspects of employee benefit plan design, underwriting and funding concepts</li><li>Proven ability to lead data analytic projects</li><li>Interest and aptitude in keeping abreast of latest developments in health and welfare plan strategy and leading the development of new intellectual capital</li><li>Ability to leverage judgement and past experiences to predict which methods will work</li><li>Multiple years of experience across one or multiple client segments</li><li>An executive presence with polished and well-developed written and oral communication skills</li><li>Superior ability to influence and collaborate with senior management and work across all levels of an organization</li><li>Excellent Microsoft Office skills, particularly in Excel and PowerPoint</li><li>State Life and Health license required within 90 days of joining</li><li>Actuarial designation and current continuing education (optional)</li></ul>Company BenefitsWTW provides a competitive benefit package which includes the following (eligibility requirements apply):<ul><li>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 (including Employee Assistance Program)</li><li>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), Paid Time Off (Washington State only)</li><li>Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).</li></ul>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.

Job DescriptionAs a Health & Benefits Financial/Actuarial Associate you will contribute to a wide variety of complex analyses and projects involving the design, financing, and measurement and financial analysis of the full spectrum of health and group benefit programs including medical, dental, life, disability, voluntary benefits, etc. 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.The Role<ul><li>Is an active member on multiple client teams providing financial analyses, outputs and client deliverables across a region</li><li>Supports benefit plan analysis, design, cost avoidance and funding strategies</li><li>Contributes to Vendor Financial Reviews for clients</li><li>Provides quality reviews for technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves</li><li>Delivers accurate and reliable claim reporting and financial modeling to client teams to support client decisions</li><li>Partners with Global Delivery Centers and Client Service teams to deliver superior project management</li><li>Learn to communicate complex financial/actuarial/analytic results to effectively drive client action</li><li>Build strong relationships internally and collaborate effectively on cross-functional teams</li></ul>QualificationsThe Requirements<ul><li>2+ years' experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company</li><li>Basic knowledge of health and welfare products & services</li><li>Ability to learn big data analytic technics preferred</li><li>Knowledge of carrier claim reporting</li><li>Proven ability to manage multiple projects simultaneously and produce quality deliverables on time and within budget</li><li>Strong client service orientation and ability to respond to all communications effectively and in a timely manner</li><li>Proven ability to identify and resolve issues</li><li>Strong written and verbal communication skills</li><li>Self-starter attitude and ability to work independently and as part of a team</li><li>Strong analytical, creative and integrative skills</li><li>Excellent Microsoft Office skills, particularly in Excel and PowerPoint</li><li>State Life and Health license required within 90 days of joining</li><li>Pursuit of CEBS designation, or health and welfare actuarial / underwriting training</li><li>Relevant financial experience and/or university degree</li><li>Progress towards completion of health actuarial designation (optional)</li></ul>Compensation and BenefitsCompensationThe base salary compensation range being offered for this role is $75,000 - $85,000USD. This role is also eligible for an annual short-term incentive bonus.Company Benefits<ul><li>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)</li><li>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), Paid Time Off (Washington State only)</li><li>Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans. If Level 38 or more senior role is in Washington State, you must add the retirement benefits paragraph to the job description.</li></ul>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.

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