Willis Towers Watson
Healthcare Financial/Actuarial Associate Director
Willis Towers Watson, Nashville, Tennessee, United States,
As a Healthcare Financial/Actuarial Associate Director you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will lead clients’ financial/actuarial engagements for a portfolio of clients and/or significantly contribute to complex clients across the full spectrum of employer health and group benefit programs including medical, dental, life, disability, etc. In partnership with Client Service colleagues, you will communicate FAA concepts, strategies and results that effectively drive client action and improve plan performance. You will have the opportunity to work on cutting-edge projects alongside leaders in the industry.Responsibilities:
Expands knowledge of varying client complexity by working across different client profilesLeads clients’ financial/actuarial engagements for a portfolio of small clients or manages FAA resources on more complex clients and/or deliverablesDemonstrates clear understanding of the FAA service catalogue and advanced knowledge in all aspects of benefit plan design, underwriting/funding and post-retirement/employment conceptsDevelops and maintains ongoing relationships with employers’ and vendors’ primary contacts to build and enhance WTW and H&B’s brandMay contribute to intellectual capital developmentSupports new business, expansion and cross-selling activitiesGuides teams on cost avoidance, risk and funding strategies and deliverables based on client needProvides leadership to more junior colleagues on FAA concepts, strategies and toolsReviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modeling plan design alternatives and calculating reservesPartners with Global Delivery Centers and Client Service teams to deliver superior project managementBuilds strong relationships internally and collaborates effectively on cross-functional teamsThis is a remote position. Prefer candidates residing in or close to Tampa, FL, Arlington, VA, Atlanta GA, Hunt Valley, MD, Charlotte, NC, Nashville, TN, Birmingham, AL, Glen Allen, VA or Potomac, MD.Minimum Requirements:
8+ years’ experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting/actuarial function of an insurance companyExperience working across multiple client segmentsAdvanced knowledge of broad health and welfare products & servicesKnowledge and experience using big data analytic techniquesExpert knowledge of cost avoidance, risk and funding strategiesSubject matter expertise on emerging trendsProven ability to lead multiple clients/projects simultaneously and produce quality deliverables on time and within budgetSuccessful experience in expanding client relationships through selling add-on servicesComfort and ability to quickly adapt to changing circumstances or demands, and helping team do the sameWell developed written and verbal communication skillsAbility to guide work of more junior colleagues and provide feedbackExcellent Microsoft Office skills, particularly in Excel and PowerPointState Life and Health license required within 90 days of joiningRelevant financial experience and/or university degreeProgress towards completion of health actuarial designation or CEBS designation (optional)This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.Compensation and Benefits:
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).The base salary compensation range being offered for this role is 115,000.00 - 150,000.00 USD. This role is also eligible for an annual short-term incentive bonus.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, Identity 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)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.At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a 'hybrid' style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and 'hybrid' is not a one-size-fits-all solution.We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
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Expands knowledge of varying client complexity by working across different client profilesLeads clients’ financial/actuarial engagements for a portfolio of small clients or manages FAA resources on more complex clients and/or deliverablesDemonstrates clear understanding of the FAA service catalogue and advanced knowledge in all aspects of benefit plan design, underwriting/funding and post-retirement/employment conceptsDevelops and maintains ongoing relationships with employers’ and vendors’ primary contacts to build and enhance WTW and H&B’s brandMay contribute to intellectual capital developmentSupports new business, expansion and cross-selling activitiesGuides teams on cost avoidance, risk and funding strategies and deliverables based on client needProvides leadership to more junior colleagues on FAA concepts, strategies and toolsReviews technical & consulting accuracy on client projects, including developing pricing and employee contributions strategies, modeling plan design alternatives and calculating reservesPartners with Global Delivery Centers and Client Service teams to deliver superior project managementBuilds strong relationships internally and collaborates effectively on cross-functional teamsThis is a remote position. Prefer candidates residing in or close to Tampa, FL, Arlington, VA, Atlanta GA, Hunt Valley, MD, Charlotte, NC, Nashville, TN, Birmingham, AL, Glen Allen, VA or Potomac, MD.Minimum Requirements:
8+ years’ experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting/actuarial function of an insurance companyExperience working across multiple client segmentsAdvanced knowledge of broad health and welfare products & servicesKnowledge and experience using big data analytic techniquesExpert knowledge of cost avoidance, risk and funding strategiesSubject matter expertise on emerging trendsProven ability to lead multiple clients/projects simultaneously and produce quality deliverables on time and within budgetSuccessful experience in expanding client relationships through selling add-on servicesComfort and ability to quickly adapt to changing circumstances or demands, and helping team do the sameWell developed written and verbal communication skillsAbility to guide work of more junior colleagues and provide feedbackExcellent Microsoft Office skills, particularly in Excel and PowerPointState Life and Health license required within 90 days of joiningRelevant financial experience and/or university degreeProgress towards completion of health actuarial designation or CEBS designation (optional)This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.Compensation and Benefits:
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).The base salary compensation range being offered for this role is 115,000.00 - 150,000.00 USD. This role is also eligible for an annual short-term incentive bonus.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, Identity 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)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.At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a 'hybrid' style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and 'hybrid' is not a one-size-fits-all solution.We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
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