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Health & Benefits Associate
4 months ago
Responsibilities:
- Materially contribute to core health and benefits projects involving the design and management of group medical, dental, life, disability and time off benefits for large, complex clients, including:
- Benefit plan analysis, design, cost savings and funding strategies
- Vendor procurement, negotiation and optimization
- Incorporation of specialized health management, absence and disability management, pharmacy, data analytics and compliance strategies
- Partner with Consultants to deliver superior project management on select clients
- Perform financial analyses including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves
- Conduct benchmarking studies and other research; provide value added analyses and summaries
- Analyze and compare vendor products, services and contracts
- Design, distribute and evaluate responses to surveys and RFPs
- Build relationships internally and collaborate effectively on cross-functional teams
- Review analytical work, mentor and develop junior level staff
- Contribute to the development of new intellectual capital
Requirements:
- 2+ years' experience dealing with the financials of health and welfare plans, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company
- Proven ability to manage multiple projects simultaneously and produce quality deliverables on time and within budget
- Flexibility and proven ability to identify and resolve issues
- Strong client service orientation and ability to respond to all communications effectively and in a timely manner
- Strong written and verbal communication skills
- Self-starter attitude and ability to work individually and as part of a team
- Strong analytical, creative and integrative skills
- Desire to mentor/develop more junior staff
- Excellent Microsoft Office skills, particularly in Excel and PowerPoint
- Bachelor's degree required, preferably with significant quantitative coursework
- State Life and Health license required within 90 days of joining
- Pursuit of CEBS designation, or health and welfare actuarial / underwriting training desired
