Willis Towers Watson - Chicago, IL

posted 3 months ago

Full-time - Entry Level
Chicago, IL
Insurance Carriers and Related Activities

About the position

As a Healthcare Financial/Actuarial Analyst at WTW, you will play a crucial role in supporting a diverse range of projects that focus on the design, funding, measurement, and financial analysis of employer health and welfare benefit programs. These programs encompass medical, dental, life, disability, and voluntary benefits, among others. Your responsibilities will include interfacing with client teams, contributing to analyses and client deliverables, and ensuring that quality standards are consistently met. This position offers a unique opportunity to enhance your health and benefits business acumen, as well as your financial, project management, and communication skills, by working on innovative projects alongside industry leaders. In this role, you will actively support multiple client teams in developing financial analyses, outputs, and client deliverables, all while adhering to deadlines and quality expectations. You will be expected to develop a working proficiency in core financial, actuarial, and analytics theories, models, and tools. Your contributions will include supporting accurate and reliable claim reporting and financial modeling to guide client decisions. Additionally, you will assist in financial modeling of benefit plan designs, cost avoidance strategies, budget projections, and rate/contribution development under clear guidance. You will also take responsibility for executing specific tasks that contribute to financial and actuarial deliverables for clients, ensuring that you collaborate effectively with Global Delivery Centers and Client Service teams to deliver superior project management. Building strong internal relationships and collaborating on cross-functional teams will be essential to your success in this position.

Responsibilities

  • Support a wide variety of projects involving the design, funding, and measurement of employer health and welfare benefit programs.
  • Interface with client teams and contribute to analyses and client deliverables.
  • Ensure quality standards are met in all deliverables.
  • Develop financial analyses, outputs, and client deliverables across a regional team.
  • Support accurate and reliable claim reporting and financial modeling to guide client decisions.
  • Assist with financial modeling of benefit plan designs and budget projections.
  • Take responsibility for execution of specific tasks contributing to financial/actuarial deliverables for clients.
  • Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
  • Build strong relationships internally and collaborate effectively on cross-functional teams.

Requirements

  • Bachelor's degree in a relevant field.
  • Mid-level experience with Microsoft PowerPoint and Excel.
  • Certified Employee Benefit Specialist (CEBS) designation or progress towards completion is preferred.
  • Life & Health Insurance License required within 90 days of joining.
  • Strong data management, math, and analytics capabilities.
  • Proven ability to manage multiple projects simultaneously.
  • Strong written and verbal communication skills.
  • Self-starter attitude with the ability to work independently and as part of a team.

Nice-to-haves

  • Internship and/or 1+ years' work experience in professional services, ideally in benefit consulting or health underwriting.
  • Basic knowledge of health and welfare products & services.
  • Progress towards completion of health actuarial designation.

Benefits

  • Health savings account
  • Paid jury duty
  • Paid holidays
  • Disability insurance
  • Health insurance
  • Dental insurance
  • 401(k)
  • Military leave
  • Paid time off
  • Parental leave
  • Employee assistance program
  • Vision insurance
  • Life insurance
  • Prescription drug insurance
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