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Lockton · 5 months ago

Senior Financial Analyst - Healthcare Vertical

Chicago, IL

Full-time

Onsite

Mid, Senior Level

$70K/yr - $110K/yr

4+ years exp

Lockton, Inc. is a global professional services firm that focuses on helping clients protect their people, property, and reputations. They are seeking a Senior Financial Analyst to contribute to financial consulting for healthcare-related organizations, leveraging data to prepare comprehensive financial reporting and insights for clients regarding their health benefit plans.

Auto InsuranceInsuranceRisk Management

Responsibilities

Financial analysis for healthcare industry employer group health plans including ongoing claim reporting, rate setting, contribution development and plan design modeling

Leverage existing models to assist in analysis and illustration of client health plan financial patterns and outcomes. As needed, contribute to custom reports and analysis for specific needs associated with healthcare industry clients

Evaluate benefits utilization and claims data to assist clients in developing cost management and health risk management strategies

Proactively looking at multiple data sources for ongoing benchmarking and storytelling

Prepare spreadsheets, graphs, charts, diagrams, and other illustrative tools for presentations and reports

Support development of health plan reserve estimates for self-funded clients

Participate in client meetings as needed, delivering financial information and results

Assist service teams with development and evaluation of carrier RFPs for all coverage lines, including modeling of network changes and payment alternatives

Provide financial modeling and support for prospects

Assist in creation of consistent financial deliverables across Series, facilitating consistent Lockton brand and enabling strong vendor partnerships in the healthcare space

Perform special projects as necessary

Keep informed of insurance industry developments and products available in the marketplace

Qualification

Financial analysisHealthcare industry knowledgeStatistical analysisMicrosoft ExcelActuarial accreditationsOrganizational skillsTime managementInterpersonal skillsProblem-solving skillsVerbal communicationWritten communication

Required

Bachelor's degree required (major in Finance, Statistics, Math, or related field preferred)

4+ years of group health benefits experience at a brokerage/consulting firm or insurance carrier with focus on underwriting/financial analysis

Some familiarity with features of healthcare system health plans, including domestic tiering, claims repricing, custom networks, and direct contracting beneficial

Actuarial accreditations welcome; exam support available for candidates interested in pursuing credentials

Must have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making

Knowledge of all aspects of the healthcare marketplace including plan design, pricing, reserving, benchmarking, and financial management/analysis

Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required, along with the ability to work independently under the supervision or guidance of others

Must be results-oriented, with the ability to change priorities as needed

Excellent verbal, written, and interpersonal skills to interact with clients and associates at all levels of responsibility

Excellent quantitative, analytical, and problem-solving skills

Ability to work independently under the supervision or guidance of others

Strong knowledge of Microsoft products (particularly Excel); skill in using computer application software for financial modeling, statistical analysis, and spreadsheet calculations

Ability to travel as needed