Health & Benefits Analyst
Health & Benefits Analyst
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Job Description
The Role
As a Health & Benefits Analyst you will support a wide variety of projects involving the design funding measurement and financial analysis of the full spectrum of employer health and benefit programs including medical dental life disability voluntary benefits etc. and will contribute to a clients benefits strategy through managing the entire carrier procurement and negotiation process. You will interface with client service teams and global delivery centres to contribute to analyses and client deliverables ensuring quality standards are met. You will have the opportunity to significantly grow your health and benefits business acumen as well as your financial project management negotiation and communication skills by working on cutting edge projects alongside leaders in the industry.
The Role
- 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 broadbased 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
- Take responsibility for execution of specific tasks that contribute to financial analytical and placement deliverables for clients with guidance and adherence to stated deadlines.
- Manage followup questions/request from the carriers/vendors
- Collect summarize and analyze proposal findings; support negotiations make recommendations for finalist carriers and communication to carriers
- Design and manage placement (renewal/marketing) deliverables with a strict adherence to stated deadlines
- Increase efficiency within client teams by identifying ways to improve processes
- Build relationships internally and collaborate effectively on crossfunctional teams
- Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
- Comply with internal excellence and compliance requirements
- Contribute to the development of new intellectual capital
Qualifications
The Requirements
- 1 years experience dealing with the financials of health and benefit plans ideally gained in a benefit consulting/brokerage firm or at a health insurance company preferred; alternatively some exposure to and interest in health and benefits plans
- Well organized and detail oriented
- Strong analytics capabilities with an ability to identify inconsistencies in data identify and resolve complex issues
- Passion for solving problems and sharing solutions
- Excellent written and verbal communication skills
- Proven ability to manage multiple projects simultaneously
- Selfstarter attitude and ability to establish priorities work independently with limited supervision and as part of a team
- Excellent Microsoft Office skills particularly in Excel and PowerPoint
- Provincial Life and Health license required within 180 days of joining
- Relevant financial experience and/or university degree.
Company Benefits
WTW 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) ShortTerm Disability LongTerm Disability Other Leaves (e.g. Bereavement FMLA ADA Jury Duty Military Leave and Parental and Adoption Leave)Paid Time Off
- Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for nonqualified Deferred Compensation and Deferred Savings Plans.
WTW is an Equal Opportunity Employer including disability/vets
Required Experience:
IC
Employment Type
Full-Time
