Lockton · 1 week ago
Senior Financial Analyst - Healthcare Vertical
Chicago, IL
Full-time
Onsite
Mid, Senior Level
4+ years expLockton is a company specializing in health and welfare financial consulting for healthcare-related organizations. The Senior Financial Analyst will contribute to financial analysis, reporting, and insights for healthcare clients, focusing on health benefit plans and collaborating with financial and client service teams.
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
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
Benefits
Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate.
Lockton Benefits Offerings
Company
Lockton
Lockton provides risk management and insurance services.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Mohammad Al Abdul Jabbar
Chief Executive Officer
Scott Bastian
Senior Vice President
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