Willis Towers Watson

Health and Benefits Actuarial Analyst - Boston

Posted on Jul 7 Boston, MA 1 view

As a Health and Benefits Actuarial Analyst 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. This is a foundational role that provides excellent opportunities to grow your health and benefits business acumen, actuarial skills and client management skills by working on cutting edge projects at one of the world’s leading actuarial consultancies.

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

The Role

  • Contribute to core health and benefits projects involving the design and management of group medical, dental, life, disability and time off benefits for large, complex clients, including:

    • Benefit plan analysis, design, cost savings and funding strategies

    • Vendor procurement, negotiation and optimization

    • Incorporation of specialized health management, absence and disability management, pharmacy, data analytics and compliance strategies

  • Perform financial analyses including developing pricing and employee contributions strategies, modelling plan design alternatives, contributing to completion of actuarial valuations, and calculating reserves

  • Conduct benchmarking studies and other research; provide value added analyses and summaries

  • Analyze and compare vendor products, services and contracts

  • Design, distribute and evaluate responses to surveys and RFPs

  • Build strong relationships with clients by effectively responding to their questions and needs

  • Build relationships internally and collaborate effectively on cross-functional teams

  • Contribute to the development of new tools and approaches

The Requirements

  • 1-2 years’ experience dealing with the financials of health and benefit plans, ideally gained in a benefit consulting/brokerage firm or health underwriting / actuarial function of an insurance company; alternatively, some exposure to, and interest in, health and benefits plans

  • Well organized and detail oriented

  • Flexibility and proven ability to identify and resolve issues

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

  • Strong written and verbal communication skills

  • Self-starter attitude and ability to work individually 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

  • Bachelor’s degree required, preferably with significant quantitative course work

  • Pursuit of health actuarial designation required

Equal Opportunity Employer/Vet/Disability

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