Healthcare Financial/Actuarial Associate Director

Willis Towers Watson - Chicago, IL

Full-time - Senior

Remote - Chicago, IL

Insurance Carriers and Related Activities

About the position

As a Healthcare Financial/Actuarial Associate Director, you will play a pivotal role in the Financial Actuarial & Analytics (FAA) Community of Expertise. This position involves leading financial and actuarial engagements for a diverse portfolio of clients, significantly contributing to complex client projects across various employer health and group benefit programs. You will collaborate with Client Service colleagues to communicate FAA concepts and strategies that drive client action and enhance plan performance, while also having the opportunity to work on innovative projects alongside industry leaders.

Responsibilities

• Lead clients' financial/actuarial engagements for a portfolio of small clients or manage FAA resources on more complex clients and/or deliverables.
• Demonstrate a clear understanding of the FAA service catalogue and advanced knowledge in all aspects of benefit plan design, underwriting/funding, and post-retirement/employment concepts.
• Develop and maintain ongoing relationships with employers' and vendors' primary contacts to enhance WTW and H&B's brand.
• Contribute to intellectual capital development.
• Support new business, expansion, and cross-selling activities.
• Guide teams on cost avoidance, risk, and funding strategies based on client needs.
• Provide leadership to junior colleagues on FAA concepts, strategies, and tools.
• Review technical and consulting accuracy on client projects, including developing pricing and employee contributions strategies, modeling plan design alternatives, and calculating reserves.
• 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

• 8+ years' experience in professional services, ideally in a benefit consulting/brokerage firm or health underwriting/actuarial function of an insurance company.
• Experience working across multiple client segments.
• Advanced knowledge of broad health and welfare products & services.
• Knowledge and experience using big data analytic techniques.
• Expert knowledge of cost avoidance, risk, and funding strategies.
• Subject matter expertise on emerging trends.
• Proven ability to lead multiple clients/projects simultaneously and produce quality deliverables on time and within budget.
• Successful experience in expanding client relationships through selling add-on services.
• Well-developed written and verbal communication skills.
• Ability to guide the work of junior colleagues and provide feedback.
• Excellent Microsoft Office skills, particularly in Excel and PowerPoint.
• State Life and Health license required within 90 days of joining.
• Relevant financial experience and/or university degree.

Nice-to-haves

• Progress towards completion of health actuarial designation or CEBS designation (optional).

Benefits

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identity Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program).
• Leave Benefits: Paid Holidays, Annual Paid Time Off, Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave).
• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).