Healthcare Financial/Actuarial Senior Associate

About the position

As a Healthcare Financial/Actuarial Senior Associate you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will substantially contribute to a wide variety of complex analyses and projects involving the design, financing, and measurement and financial analysis of the full spectrum of employer health and group benefit programs including medical, dental, life, disability, voluntary benefits, etc. You will interface with vendors and client service teams, prepare and communicate complex analyses to clients, and ensure quality standards are met. You will have the opportunity to position yourself to lead financial project with small-to-midsized clients, and work on cutting edge projects alongside leaders in the industry.

Responsibilities

• Develops knowledge of varying client complexity by working across different client profiles and roles, including leading clients' financial/actuarial engagements for a portfolio of small clients or managing FAA resources to coordinate effective and efficient delivery of more complex client deliverables
• Demonstrates an advanced/expert knowledge in all aspects of employee benefit plan design, underwriting and funding concepts and H&B tools
• Is a key member on multiple employer client teams providing financial analyses, outputs and client deliverables across a region
• Provides direction on benefit plan analysis, design, cost avoidance, risk and funding strategies
• Reviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves
• Communicates complex financial/actuarial/analytic results to effectively drive client action
• Partners 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

• 5+ years' experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company
• Advanced knowledge of health and welfare products & services
• Experience with big data analytic techniques preferred
• Advanced knowledge of underwriting and funding concepts
• Proven ability to lead multiple projects simultaneously and produce quality deliverables on time and within budget
• Desire and ability to expand relationships with clients
• Proven ability to identify and resolve issues with limited information and experience
• Polished and well developed written and verbal communication skills
• Self-starter attitude and ability to work independently and as part of a team
• Strong analytical, creative and integrative skills
• Ability to direct work of more 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, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
• Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), 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)