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Healthcare Financial/Actuarial Associate Director, Health & Benefits

Company: Willis Towers Watson
Location: Seattle
Posted on: April 3, 2024

Job Description:

As a Healthcare Financial/Actuarial Associate Director you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will lead clients' financial/actuarial engagements for a portfolio of clients and/or significantly contribute to complex clients across the full spectrum of employer health and group benefit programs including medical, dental, life, disability, etc. In partnership with Client Service colleagues, you will communicate FAA concepts, strategies and results that effectively drive client action and improve plan performance and will have the opportunity to work on cutting edge projects alongside leaders in the industry.

  • Expands knowledge of varying client complexity by working across different client profiles
  • Leads clients' financial/actuarialengagements for aportfolio of small clients ormanages FAA resources on more complex clients and/or deliverables
  • Demonstrates clear understanding of the FAA service catalogue and advanced knowledge in all aspects of benefit plan design, underwriting/funding and post-retirement/employment concepts
  • Develops and maintains ongoing relationships with employers' and vendors' primary contacts to build and enhance WTW and H&B's brand
  • May contribute to intellectual capital development
  • Supports new business, expansion and cross-selling activities
  • Guides teams on cost avoidance, risk and funding strategies and deliverables based on client need
  • Provides leadership to more junior colleagues on FAA concepts, strategies and tools
  • Reviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modeling plan design alternatives and calculating reserves
  • Partners with Global Delivery Centers and Client Service teams to deliver superior project management
  • Builds strong relationships internally and collaborates effectively on cross-functional teams
    • 8+ years' experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company
    • Experienceworking 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
    • Comfort and ability to quickly adapt to changing circumstances or demands, and helping the team do the same
    • Well developed written and verbal communication skills
    • Ability to guide 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
    • Progress towards completion of health actuarial designation or CEBS designation (optional)This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.Compensation and BenefitsBase salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).CompensationThe base salary compensation range being offered for this role is $115,000 -$130,000 USD.This role is also eligible for an annual short-term incentive bonus.Company BenefitsWTW provides a competitive benefit package which includes the following (eligibility requirements apply):
      • 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), (Washington State only)
      • Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution.We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
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Keywords: Willis Towers Watson, Seattle , Healthcare Financial/Actuarial Associate Director, Health & Benefits, Accounting, Auditing , Seattle, Washington

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