Willis Towers Watson

Senior Associate - Financial Consultant

Posted on Jun 16 Boston, MA 42 views

Under the direction of the Client Service Team and Management, the Senior Associate – Health and Benefits Financial Consultant will be responsible for the coordination of activities associated with the placement of benefits and obtaining and analyzing renewal options and financial reporting for an assigned group of Willis Towers Watson clients. This mid-level position will have limited client interaction at the onset. This position will leverage established competencies related to project management, analytics, and group benefits including, medical, dental, life, disability and worksite benefits.

Primary Responsibilities/Accountabilities:


  • Manage Marketing and Renewal processes for assigned clients:


    • Manage the project timeline for marketing projects and annual renewals

    • Meet with Client Service Team to understand the client needs and requirements

    • Review client census data to ensure consistency with carrier data and reconcile with invoice, if needed

    • Obtain pertinent information (plan designs, claim experience, enrollment history) from the carrier to conduct marketing or renewal

    • Upload data accurately into system to generate a request for proposal (RFP) for marketing

    • Review marketing results to ensure consistency with requested proposals and modify if needed

    • Request renewal for the carrier and analyze options

    • Model the cost impact of plan variances

    • Model employee contribution scenarios

    • Create benchmarking reports

    • Contribute to client deliverables; including spreadsheets and presentations reflecting results and options

    • Work with clients and carriers as directed by manager and/or client service team via telephone and email



  • Manage reporting needs for assigned clients:

    • Request data from the carrier and coordinate internally to create a quarterly or semi-annual dashboard report

    • Manipulate and organize data as needed for financial analysis, client reporting, and forecasting



  • Develop technical expertise:

    • Acquire on-the-job knowledge of industry concepts, tool and resources

    • Develop an awareness of the insurance carrier and vendor marketplace, and build relationships with carrier partners

    • Attend seminars, meetings and/other educational events to increase understanding of trends, regulations and developments in the market

    • Participate in internal and external technical training opportunities

    • Gain an understanding of the Willis Towers Watson tools and resources



  • Other duties as assigned:

    • Manage internal compliance standards and record-keeping

    • Contribute to and/or manage ad-hoc projects as directed by management

    • Conduct research





  • The Requirements:

    • 5 - 8 years of analytical work related to group insurance and/or employee benefits programs preferred

    • Underwriting experience

    • Familiarity with employee benefit plans (medical, dental, life, disability, state disability, voluntary, COBRA and FSA administration) preferred

    • Strong analytic, math and problem solving skills

    • Strong verbal and written communication skills

    • Strong project management and time management skills

    • Proficiency with Microsoft Word, Power Point, as well as navigation within the Internet

    • Strong Excel skills

    • Life & Health Insurance License required within 90 days of employment



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