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Healthcare Financial/Actuarial Analyst

4 months ago

Chicago, Illinois, United States Willis Towers Watson Full time
Job Description

Candidates in any of the following locations will be considered:

Detroit, MI, Minneapolis, MN, St. Louis, MO, Milwaukee, WI, Indianapolis IN, Kansas, KS, Columbus, OH, Cincinnati OH, Cleveland, OH, Pittsburgh, PA

As a Healthcare Financial/Actuarial Analyst you will support a wide variety of projects involving the design, funding, and measurement and financial analysis of the full spectrum of employer health and welfare benefit programs including medical, dental, life, disability, voluntary benefits, etc. You will interface with client teams, contribute to analyses and 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.
  • 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 all 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 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
  • Prefer internship and/or 1+ years' work experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company.
  • Basic knowledge of some health and welfare products & services.
  • Strong data management, math and/or analytics capabilities.
  • Ability to identify inconsistencies in data.
  • Proven ability to manage multiple projects simultaneously.
  • Strong client service orientation (internal and external)
  • 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.
  • 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.

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), Paid Time Off (Washington State only)
  • 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. 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.