Financial Analyst
The Role
As a Health and Group Benefits Financial Analyst you will contribute to a wide variety of complex projects involving the design, financing, delivery, ongoing management and communication of the full spectrum of health and group benefit programs including medical, dental, life, disability, tax-advantaged accounts, voluntary benefits and flexible benefits. You will interface with vendors and key clients internally and externally, create client deliverables, and ensure quality standards are met.
Performance Objectives
Excellence
- Perform financial analyses including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves
- Conduct benchmarking studies and other research; provide value added analyses and summaries
- Analyze and compare vendor products, services and contracts
- Prepare financial reporting packages including dashboards and annual reports
- Design, distribute and evaluate responses to surveys and RFPs
- Communicate and liaise effectively with colleagues and clients regarding data collection and project execution
- Prepare the first draft of deliverables for review by the consultant
People
- Build strong relationships internally and collaborate effectively on cross-functional teams
- Work with data and analytics subject matters experts to deliver meaningful, useful data
- Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
Clients
- Deliver on projects to meet or exceed client expectations
- Increase efficiency within client teams by identifying ways to improve processes
- Begin to deliver financial reporting information direct to the client
Financial
- Deliver accurate and reliable claim reporting and financial modeling tools used to drive client decisions
- Contribute to sales and marketing efforts by drafting proposals and responding to RFPs
The Requirements
- Prefer some experience (could be as an internship) dealing with the financials of group health and welfare plans, ideally gained in a group benefit consulting/brokerage firm or group health underwriting or actuarial function (pricing/valuation) of an insurance company
- Well organized and detail oriented
- Strong written and verbal communication skills
- Ability to ask the right questions and seek help where appropriate
- Ability to respond to all communications effectively and in a timely manner
- Flexibility and proven ability to diagnose and resolve issues; strong client service orientation
- Demonstrated leadership qualities
- Ability to work both independently and on client teams and enjoy a fast-paced environment
- Sense of accountability; owning one's work and taking pride in it
- Self-starter; interest in continually challenging oneself and willingness to step outside of one's comfort zone
- Interest and ability to think beyond the task at hand and understand how one's work fits into the broader landscape
- Strong analytical and integrative skills including ability to draw conclusions and identify trends from data in a logical, systematic way
- Excellent Microsoft Office skills, particularly in Excel
- Bachelor's degree required
Willis Towers Watson may be subject to mandatory employment-related COVID-19 vaccination requirements. Therefore, to the extent any such mandates apply, you may be required to certify and provide documentation of full vaccination against COVID-19 if you are hired in the U.S. If you accept an offer from WTW and are subject to a mandate but are unable or unwilling to be vaccinated because of medical reasons or sincerely-held religious beliefs, you may request a medical or religious accommodation. If you require an accommodation, the Company will evaluate your request and work with you to identify reasonable alternatives to vaccination, if available.
EOE, including disability/vets