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Willis Towers Watson

Financial Analyst - Health & Benefits

As a Health and Benefits Financial Analyst, you will provide broad based financial support on clients’ benefit program. This includes both overall financial strategy as well as managing the carrier bid and selection process. You will have the ability to significantly grow your benefits acumen, financial, client, project management and negotiations skills by working on cutting edge projects alongside leaders in the industry.

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role 
  • Collaborate with the financial consultant and Account Executive in the financial and associated funding strategy for group medical, pharmacy, dental, vision and stop loss:
  • Perform financial analyses including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves
  • Manage monthly financial dashboard reports and deliver to clients on established schedule
  • Conduct bench-marking studies and other research
  • Provide value added ad-hoc analyses and summaries
  • Identify target carriers and design/distribute RFPs to them
  • Collect, summarize and analyze RFP findings
  • Effectively negotiate and place insurance coverage to best meet clients’ needs
  • Award business to chosen carrier and artfully manage declination communications to those carriers not selected
  • Maintain and cultivate strong carrier relationships to enhance Willis Towers Watson’s position in the marketplace
  • Increase efficiency within client teams by identifying ways to improve processes
  • Build relationships internally and collaborate effectively on cross-functional teams
  • Comply with internal compliance and auditing requirements, including the preparation of the Compensation Disclosure for lines of coverage sought and received
  • Support collection of Sarbanes-Oxley documentation for revenue posting
  • Contribute to the development of new intellectual capital
  • Size and complexity of clients:
o Fully-insured and self-insured clients
o Multi-state with frequent M&A activity
o Typical account size: 500 to 8,000 employees
 
The Requirements
  • 1-2 years’ experience dealing with the financials of health and benefit plans, ideally gained in a benefit consulting/brokerage firm or health underwriting function of an insurance company; alternatively, some exposure to, and interest in, health and benefits plans
  • Well organized and detail oriented
  • Ability to project manage multiple deliverables simultaneously and timely
  • 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
  • Excellent Microsoft Office skills, particularly in Excel and PowerPoint
  • State Life and Health license required within 90 days of joining
  • Bachelor’s degree required, preferably with significant quantitative course work
  • Pursuit of CEBS designation, or health and welfare underwriting training desired
EOE, including disability/vets

Apply Now

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