Healthcare Financial/Actuarial Associate Director, Health & Benefits
Company: Willis Towers Watson
Location: Seattle
Posted on: April 18, 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, Executive , Seattle, Washington
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