Regional Director of Financial Consulting (Employee Benefits)
Regional Director of Financial Consulting (Employee Benefits)
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 150000 - 260000
1 Vacancy
Job Description
IGNITE YOUR PASSION * IMPACT WHAT MATTERS
WHO WE ARE.
Breaking Boundaries for 25 years - and counting.
The world is rapidly changing and HUB is here to advise businesses and individuals on how to prepare for the unexpected. With more than 530 HUB offices across North America and ranked 5th among the worlds largest insurance brokers our focus is dedicated to providing our customers with the peace of mind that what matters most will be protected through unrelenting advocacy and tailored insurance solutions. Our growing team of professionals across North America represents a broad deep and one-of-a kind aggregation of entrepreneurs and leaders recognized for their excellence throughout the insurance community.
Summary:
The Regional Director of Financial Consulting leads a team of Underwriters Actuaries Financial Consultants. The role identifies reviews evaluates and prices risk for clients and prospects based in HUB Internationals California and Utah Regions. Provides support and direction to account teams on short and long-term planning and overall consulting strategy and approach. Engages with HUB specialty practice teams. Presents strategy to teams clients and prospects.
Essential Duties and Responsibilities:
- Leads a team of Underwriters Actuaries Financial Consultants
- Assist clients as well as sales and production teams (client meetings prospect presentations speaking opportunities)
- Reviews collects and analyzes client specific information including financial conditions employee demographics and previous claim experience to determine risk potential benefit features and premium equivalent rates for self-funded groups.
- Assists with review of client specific underwriting and renewal negotiations on fully insured groups.
- Performs fully insured to self-funded analyses (captives traditional self-funding with stop loss discount analysis reference-based pricing pharmacy marketing stop loss efficiency analyses point solutions transparency navigation)
- Assists as necessary in the negotiation of benefit plan designs and financial assumptions with client service team on new and renewal business.
- Assists client teams with financial projections and long-range strategies.
- Assists with benchmarking for design and cost (industry geography plan type)
- Assists in developing client contribution strategies.
- Conducts plan design modeling using carrier provided or actuarial developed increments or decrements.
- Assists with review of Stop Loss marketing and appropriate design.
- Assists with review of Pharmacy carve out and design.
- Updates databases as appropriate and maintains understanding of current trends and products.
- Develops standard reports such as IBNR and experience reports.
- Knowledge of claim utilization and ability to dive into cost and care drivers (utilizing carrier reporting Analytics platforms or HUB proprietary platforms).
- Reviews and interprets ad-hoc reports as requested and produces ongoing reports for both fully insured and self-funded clients.
- Provides underwriting and financial knowledge sharing and education to clients peers and/or members of the sales and client service teams.
- Completes peer review and assists with the overflow of financial and underwriting work as needed from client service teams.
- Creative development and use of new strategies and approaches.
- Competence in reviewing financial models and building own models.
Key Competencies:
To perform the job successfully an individual should demonstrate the following competencies:
- Leadership Demonstrates leadership skills; sets example for others to follow. Effectively coaches others in developing their skills and abilities.
- Problem Solving Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions.
- Project Management Able to develop and manage project plans; Communicates changes and progress; Completes projects on time and budget.
- Customer Service Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments.
- Industry Knowledge Strong knowledge of employee benefits products and services and how they are delivered to clients; knowledge of related legislation such as HIPAA and ACA. Understanding of claim utilization and ability to engage clinical or pharmacy teams for deeper dives. Understanding of the carrier TPA Stop Loss markets.
- Analytical Evaluate numerical and qualitative data to recommend the best alternatives to clients.
- Computer Skills Use of Microsoft Excel PowerPoint and Word to create effective presentations and exhibits. Knowledge or proficiency of other applications is a plus (Tableau Power BI SQL AI).
- Relationship Management Develops and maintains strong relationships; work effectively with insurance and service vendors to gain cooperation in meeting clients needs.
- Team Player Effectively works with and strengthens HUB teams (Financial Team Local Regional Teams National).
Education and/or Experience:
- 10 years of related employee benefits underwriting and benefits experience and/or training (consulting brokerage carrier or reinsurance background).
- Working knowledge of medical underwriting and actuarial principles and procedures.
- Working knowledge of claim analytics platforms (Cedar Gate Artemis Verscend Springbuk other)
- Bachelors degree or equivalent combination of education and experience. Preference will be given to candidates with brokerage or insurance carrier underwriting or account management experience.
Other Requirements:
Must hold a valid Life Agent license or will obtain.
Language Skills:
Ability to read and interpret documents such as contracts benefit summaries bid specifications legislation and procedure manuals. Ability to author routine reports and business correspondence clearly and without grammatical errors. Ability to speak effectively before groups of customers or employees of organization.
Math Skills:
Knowledge of employee benefits and underwriting principles along with strong mathematical and financial skill set.
Reasoning Ability:
Ability to define problems collect data establish facts and draw valid conclusions. The ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with abstract and concrete variables.
Computer Skills:
To perform this job successfully an individual must be proficient in Microsoft Office including Excel Word and Power Point. Knowledge and prior use of Project Management software is preferred.
*The expected salary range for this position is $150000 to $260000 and will be impacted by factors such as the successful candidates skills experience and working location as well as the specific positions business line scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance FSA HSA and 401(k) accounts paid-time-off benefits and eligible bonuses equity and commissions for some positions.
TAKE THE FIRST STEP TOWARD AN AMAZING FUTURE.
We want to meet you! Apply today and start your journey to a better tomorrow
#LI-DD
Department General ManagementRequired Experience: 10-15 years of relevant experienceRequired Travel: NegligibleRequired Education: Bachelors degree (4-year degree)HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity national origin religion age color sex sexual orientation gender identity disability or veterans status or any other characteristic protected by local state or federal laws rules or regulations.
We endeavor to make this website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process please contact the recruiting team. This contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.
Required Experience:
Director
Employment Type
Full-Time
