WTW - Team Lead - Financial Analyst - Health & Benefits Projects

WTW | Hiring for Team Lead - Financial Analyst (Health and Benefits) | Mumbai

Summary of Role:

- As a Health and Benefits Lead Associate you will contribute to a wide variety of complex projects involving the design, financing and ongoing management of the full spectrum of health and benefit programs.

- You will serve as the project manager on select projects, interface with vendors and key clients internally and externally, create client deliverables, and ensure 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 and client relationship skills by working on cutting edge projects alongside leaders in the industry.

- You will have the opportunity to contribute to the maintenance and development of actuarial/analytic tools. Projects you lead will leverage your actuarial skills and frequently include data analytics.

Qualifications - Graduate/PG

Mandatory Skills: Basic and Advance Excel, Appraisal Management, Team Management, Performance Management, Operations Management and Coaching

- Strong written and verbal communication skills

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

- Strong analytical, creative and integrative skills

- Excellent Microsoft Office skills, particularly in Excel and PowerPoint

- State Life and Health license required within 90 days of joining

- Pursuit of CEBS designation, or health and welfare actuarial / underwriting training encouraged

- Ability to learn big data analytic technics preferred

- Significant progress towards completion of health actuarial designation (optional))

The Role:

- Materially contribute to core health and benefits projects involving the design and management of group medical, dental, wellbeing, life, disability and absence management benefits for clients.

Responsibilities include:

- Partnering with client service team leader to deliver superior project management

- Proactively advising clients and providing superior client service in response to day to day service issues and questions (eligibility, carrier coverage and claims issues, compliance, etc.)

- Preparing for and facilitating client meetings (prepare agendas and materials, coordinate resources, etc.)

- [Negotiation language optional] Playing a key role in vendor procurement, negotiation, implementation, and optimization activities

- [Optional] Providing benefit enrolment support, including preparing materials and presentations, verifying policy and plan information, and updating internal systems as necessary

- [Optional] Contributing to completion of reports and administrative actions for clients including Form 5500 filings, policy checking and delivery, monthly reporting of client and carrier information, summary plan descriptions and certificates

- Contributing to benefit plan analysis, design, cost savings and funding strategies

- Engaging subject matter experts to address client needs

- [Optional] Reviewing financial analyses including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves

- Conducting review of client deliverables to ensure alignment to client objectives, leverage of optimal WTW services and solutions, and adherence to WTW professional excellence standards

- Conducting benchmarking studies and other research; provide value added analyses and summaries

- Analyzing and comparing vendor products, services and contracts

- Building relationships internally and collaborating effectively on cross-functional teams

- Reviewing work and contributing to the development of junior staff

- Support benefit plan analysis, design, cost avoidance and funding strategies

- Perform financial analyses including estimating plan costs and employee contributions strategies, modelling plan design alternatives, and data analytics to identify cost drivers and cost avoidance opportunities

- Contribute to the development of new actuarial/analytic intellectual capital

- Develop actuarial/analytic expertise to provide results effectively responding to client needs

- Learn to communicate complex actuarial/analytic results to effectively drive client action

The Requirements:

- 4+ years' experience dealing with health and welfare plans, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company

- Proven ability to manage multiple projects simultaneously and produce quality deliverables on time and within budget

- Strong client service orientation and ability to respond to all communications effectively and in a timely manner

- Proven ability to identify and resolve issues