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WTW · 6 hours ago

Healthcare Financial/Actuarial Analyst

Chicago, IL

Full-time

Hybrid

Entry Level

$65K/yr - $80K/yr

1+ years exp

WTW is a company that specializes in health and welfare benefit programs, and they are seeking a Healthcare Financial/Actuarial Analyst to support various projects involving financial analysis and client deliverables. The role involves working closely with client teams and developing proficiency in financial and actuarial theories while contributing to the overall success of employer health benefit programs.

ConsultingInformation TechnologyInsuranceMedicalService Industry

No H1B

Hiring Manager

Christine Galdones, RPm

Responsibilities

With clear guidance and direction, play an active support role in multiple client teams developing financial analyses, outputs and client deliverables across a regional team

Develop working proficiency of core financial, actuarial and analytics theories, models and tools

Support accurate and reliable claim reporting and financial modeling to guide client decisions

Develop basic knowledge of all broad-based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits, etc.)

Assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development with clear guidance and direction

Take responsibility for execution of specific tasks that contribute to financial/actuarial deliverables for clients, with guidance and adherence to stated deadlines

Partner with Global Delivery Centers and Client Service teams to deliver superior project management

Build strong relationships internally and collaborate effectively on cross-functional teams

Qualification

Financial modelingActuarial analysisData managementHealthWelfare knowledgeProject managementClient service orientationMicrosoft OfficeWritten communicationVerbal communicationSelf-starter attitudeProblem-solving

Required

1+ year work experience in professional services, ideally gained in a beneﬁt consulting/brokerage ﬁrm or health underwriting / actuarial function of an insurance company

Basic knowledge of some health and welfare products & services

Strong data management, math and/or analytics capabilities

Ability to identify inconsistencies in data

Proven ability to manage multiple projects simultaneously

Strong client service orientation (internal and external)

Ability to identify and resolve issues

Strong written and verbal communication skills

Self-starter attitude and ability to work independently and as part of a team

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

Preferred

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 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), Paid Time Off (only included for Washington roles)

Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.