Senior Financial Analyst
3 weeks ago
Job Summary
We are seeking a highly skilled Senior Financial Analyst to join our team at Lockton. As a key member of our client service team, you will be responsible for preparing and delivering comprehensive financial reports for client health benefit plans.
Key Responsibilities
- Analyze and leverage data to help clients manage health benefit plans with optimal financial efficiency.
- Prepare routine financial reports for self-funded clients; review financial reports with clients.
- Develop or use industry formulas to create basic and complex models to analyze, illustrate, or project loss trends.
- Evaluate benefits utilization and claims data to assist clients in developing cost management and health risk management strategies.
- Use financial modeler and other tools to predict financial impact of health reform on client plans.
- Understand and evaluate retiree medical and Medicare Part D liabilities.
- Negotiate contract terms and pricing with selected vendors.
- Analyze and interpret client data warehouse information; Prepare custom reports and analysis for specific client needs.
- Maintain benchmarking data and leverage use of benchmarks across clients.
- Serve as a Subject Matter Expert on underwriting and financial reporting, as well as stop loss contracts and vendors.
- Create new financial reporting templates; update computer databases to improve standard models used in analysis.
- Calculate the allocation of insurance program costs to clients' individual operating units.
- Comply with Lockton procedures and policies.
- Attend company, department, and staff meetings as required.
Requirements
- Bachelor's degree in a business-related program or equivalent education and/or experience, with an emphasis in math, statistics, or finance required.
- Ability to compile, analyze, present, and interpret complex financial and statistical information to facilitate decision making and to understand and discuss the contents of corporate balance sheets and financial statements.
- Personal presence to interface with senior leadership in client and prospect organizations, representing Lockton in the highest professional manner.
- Advanced skill in using computer application software for financial modeling, statistical analysis, spreadsheet calculations, word processing, and other database analyses.
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