Job Description

Health & Benefits Actuarial Consultant
Date Posted: March 1, 2018
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JOB DESCRIPTION
Senior-level position within the Willis Towers Watson Mid-Market Health & Benefits practice, consulting on a wide variety of complex projects involving the design, pricing, funding, reserving of a full array of Health and Group Benefits programs. Works closely with client service and production team to coordinate effective and efficient delivery of client services. Leverages advanced skill set and employee benefits knowledge to design and place insurance services and benefits. Uses understanding of clients’ needs to expand business opportunities and further solidify client relationships.
The Role
+ Provide value-added consulting expertise on projects including health and welfare plan re-design, pricing, retiree medical valuations, funding and employee contribution strategies, reserve calculations, benchmarking studies, negotiations and plan renewals
+ Develop program design based on client objectives
+ Counsel clients on short- and medium-term strategic planning
+ Make recommendations for improving effectiveness of policies and practices, such as strategic planning with clients
+ Communicate current trends and advances in each coverage area
+ Prepare and analyze benchmarking data for clients
+ Demonstrate general knowledge of mergers and acquisitions benefits issues
+ Provide detailed analysis of impact of changes delivered by carrier or TPA
+ Manage the Renewal/Marketing Process
+ Develop & cultivate strong client relations with C-level clients and win client confidence
+ Support client retention ratio at or above the WTW North American average
+ Develop & cultivate strong carrier relationships to enhance Willis Towers Watson’ position in the market place
+ Communicate advanced knowledge of Willis Towers Watson Value Proposition and Health & Benefits products & services to support new business
+ Identify opportunities to grow account book, i.e. drive additional sales to existing clients
+ Mentor financial consultants
+ All other duties and project work as assigned
The Requirements
•Bachelor’s degree required. ASA designation preferred; multiple exams passed required
•Five or more years of insurance industry experience related to servicing accounts
•Five or more years of analytical work related to employee benefit programs preferred
•State Life and Health license
•CEBS, GBA, PHR, CLU or equivalent a plus
•Advanced knowledge of: 1) insurance products, 2) bid preparation & analysis, and 3) problem claim resolution, specifically including:
•HMO, PPO, and Indemnity forms of Health, Dental, and Vision plans
•Consumer-driven healthcare, wellness, disease management, and current trends
•Regulatory environment of employee benefits plans
•Life (term, permanent, etc.), LTD, STD, and state-required disability plans
•Expert level knowledge in two or more functional areas
•Underwriting concepts experience
•Funding concepts experience
•Excellent verbal & written communication skills
•Advanced presentation skills
•Project management skills
•Ability to influence and negotiate
•Computer skills, including proficiency with MS Word, Excel, and PowerPoint, as well as Internet navigation
•Fully-insured and self-insured clients
•Multi-state and large (250 – 4,000 employees) clients
•Air travel for client meetings required (approximately 5 -15 trips per year; usually day trips or 1 night stay)
•Driver’s license required (for client travel)
The Company
Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.
Willis Towers Watson is an equal opportunity employer
Willis Towers Watson is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.
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Unsolicitated Contact:Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of
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