Health and Benefits Financial/Actuarial - Director

About the role

As 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.

• Expand knowledge of varying client complexity by working across different client profiles
• Lead clients’ financial/actuarial engagements for a portfolio of small clients or manage FAA resources on more complex clients and/or deliverables
• Demonstrate clear understanding of the FAA service catalogue and advanced knowledge in all aspects of benefit plan design, underwriting/funding, and post-retirement/employment concepts
• Guide teams on cost avoidance, risk, and funding strategies and deliverables based on client need
• Provide leadership to more junior colleagues on FAA concepts, strategies, and tools
• Review technical and consulting accuracy on client projects, including developing pricing and employee contributions strategies, modeling plan design alternatives, and calculating reserves
• Partner with Global Delivery Centers and Client Service teams to deliver superior project management
• Build strong relationships internally and collaborate effectively on cross-functional teams
• Develop and maintain ongoing relationships with employers’ and vendors’ primary contacts to build and enhance WTW and H&B’s brand
• Contribute to intellectual capital development
• Support new business, expansion, and cross-selling activities

Requirements

• 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 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)

Pay

The base salary compensation range for this role is $120,000-$150,000 USD per year. This role is also eligible for an annual short-term incentive bonus.

Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

• Health and Welfare: Mental health/emotional wellbeing (including Employee Assistance Program), medical (including prescription drug coverage and fertility benefits), dental, vision, Health Savings Account, Commuter Accounts, Health Care and Dependent Care Flexible Spending Accounts, company-paid life insurance, supplemental life insurance, AD&D, group accident, group critical illness, group legal, identity theft protection, wellbeing program, adoption assistance, surrogacy assistance, auto/home insurance, pet insurance, and other work/life resources.
• 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
• 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.