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Willis Towers Watson

Willis Towers Watson

Healthcare Financial/Actuarial Associate Director, Health & Benefits

Healthcare Financial/Actuarial Associate Director, Health & Benefits

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Job Details
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Uploaded On
December 9, 2023
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Location
Chicago, United States
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Remote?
No
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
77%
""
Overall Score
3.9 / 5

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Job Description

  • Expands knowledge of varying client complexity by working across different client profiles
  • Leads clients' financial/actuarial engagements for a portfolio of small clients or manages FAA resources on more complex clients and/or deliverables
  • Demonstrates clear understanding of the FAA service catalogue and advanced knowledge in all aspects of benefit plan design, underwriting/funding and post-retirement/employment concepts
  • Develops and maintains ongoing relationships with employers' and vendors' primary contacts to build and enhance WTW and H&B's brand
  • May contribute to intellectual capital development
  • Supports new business, expansion and cross-selling activities
  • Guides teams on cost avoidance, risk and funding strategies and deliverables based on client need
  • Provides leadership to more junior colleagues on FAA concepts, strategies and tools
  • Reviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modeling plan design alternatives and calculating reserves
  • Partners with Global Delivery Centers and Client Service teams to deliver superior project management
  • Builds strong relationships internally and collaborates effectively on cross-functional teams


Qualifications

  • 8+ years' experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company
  • Experience working across multiple client segments
  • Advanced knowledge of broad health and welfare products & services
  • Knowledge and experience using big data analytic techniques
  • Expert knowledge of cost avoidance, risk and funding strategies
  • Subject matter expertise on emerging trends
  • Proven ability to lead multiple clients/projects simultaneously and produce quality deliverables on time and within budget
  • Successful experience in expanding client relationships through selling add-on services
  • Comfort and ability to quickly adapt to changing circumstances or demands, and helping the team do the same
  • Well developed written and verbal communication skills
  • Ability to guide work of more junior colleagues and provide feedback
  • 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
  • Progress towards completion of health actuarial designation or CEBS designation (optional)


Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

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), 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 (Washington State only)
  • Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans. If Level 38 or more senior role is in Washington State, you must add the retirement benefits paragraph to the job description.
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Working at 

Willis Towers Watson

Willis Towers Watson is a global professional services company that specializes in risk management and insurance. The company was formed in 2016 through the merger of Willis Group and Towers Watson, two well-known and respected firms in the industry. Willis Towers Watson offers a range of insurance products and risk management services to help businesses and organizations identify and mitigate potential risks. The company has a strong reputation for customer service and is known for its expertise in serving the diverse needs of its clients. In addition to traditional insurance products, Willis Towers Watson also offers innovative risk management solutions and consulting services to help clients navigate the complex and rapidly-changing world of risk. The company has a global presence, with operations in numerous countries around the world.

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