Health & Benefits Senior Analyst
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Key skills for this role
About the Role
WTW is seeking a Health & Benefits Senior Analyst to support client projects involving benefit plan design, financial analysis, and carrier procurement. The role requires 3+ years of experience with health and benefit plan financials, strong analytics, and project management skills.
Key Skills for This Role
Responsibilities
- Play an active support role in multiple client teams developing financial analyses, outputs and client deliverables
- 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
- Deepen knowledge of all broad based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits)
- Develop and assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections
- Take responsibility for execution of specific tasks that contribute to financial, analytical and placement deliverables
- Manage follow up questions/requests from carriers/vendors
- Collect, summarize and analyze proposal findings; support negotiations, make recommendations for finalist carriers
- Design and manage placement (renewal/marketing) deliverables with strict adherence to deadlines
- Increase efficiency within client teams by identifying ways to improve processes
- Build relationships internally and collaborate effectively on cross functional teams
- Partner with Global Delivery Centers and Client Service teams to deliver superior project management
Requirements
- 3+ years’ experience dealing with the financials of health and benefit plans, ideally in a benefit consulting/brokerage firm or health insurance company
- Well organized, detail oriented and strong project management skills
- Strong analytics capabilities with ability to identify inconsistencies in data and resolve complex issues
- Excellent written and verbal communication skills
- Proven ability to manage multiple projects simultaneously
- Self starter attitude and ability to work independently and as part of a team
- Excellent Microsoft Office skills, particularly in Excel and PowerPoint
- Provincial Life and Health license required within 180 days of joining
- Relevant financial experience and/or university degree
- Proficiency in English and French, both written and oral
Full Job Posting
Description
- As a Health & Benefits Senior Analyst you will support a wide variety of projects involving the design, funding, measurement, and financial analysis of the full spectrum of employer health and benefit programs including medical, dental, life, disability, voluntary benefits, etc., and will contribute
The Role
- Play an active support role in multiple client teams developing financial analyses, outputs and client deliverables across a regional team as well as project management.
- 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.
- Deepen knowledge of all broad based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits, etc.)
- Develop and assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development
- Take responsibility for execution of specific tasks that contribute to financial, analytical and placement deliverables for clients, with guidance and adherence to stated deadlines.
- Manage follow up questions/request from the carriers/vendors
- Collect, summarize and analyze proposal findings; support negotiations, make recommendations for finalist carriers, and communication to carriers
- Design and manage placement (renewal/marketing) deliverables with a strict adherence to stated deadlines
- Increase efficiency within client teams by identifying ways to improve processes
- Build relationships internally and collaborate effectively on cross functional teams
- Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
The Requirements
- 3+ years’ experience dealing with the financials of health and benefit plans, ideally gained in a benefit consulting/brokerage firm or at a health insurance company, preferred; alternatively, some exposure to, and interest in, health and benefits plans
- Well organized, detail oriented and strong project management skills
- Strong analytics capabilities with an ability to identify inconsistencies in data, identify and resolve complex issues
- Passion for solving problems and sharing solutions
- Excellent written and verbal communication skills
- Proven ability to manage multiple projects simultaneously
- Self starter attitude and ability to establish priorities, work independently with limited supervision and as part of a team
- Excellent Microsoft Office skills, particularly in Excel and PowerPoint
- Provincial Life and Health license required within 180 days of joining
- Relevant financial experience and/or university degree.
- Proficiency in English and French, both written and oral
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