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Willis Towers Watson Health and Benefits Actuarial Analyst - New York in New York, New York

As a Health and Benefits Actuarial Analyst you will contribute to a wide variety of projects involving the design, financing and ongoing management of the full spectrum of health and benefit programs. You will work on select projects, interface with vendors and key clients internally and externally, create client deliverables, and ensure quality standards are met.

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

The Role

You will have the opportunity to significantly grow your health and benefits business acumen as well as your actuarial, project management and client relationship skills by working on cutting edge projects at one of the world’s leading actuarial consultancies.

You will be working in a diverse environment and will have the opportunity to:

  • Materially 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

  • Partner with Consultants to deliver superior project management on select clients

  • Perform financial analyses including developing pricing and employee contributions strategies, modelling plan design alternatives, completing 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 relationships internally and collaborate effectively on cross-functional teams

  • Review analytical work, mentor and develop junior level staff

  • Contribute to the development of new intellectual capital

The Requirements

  • 1.5-2 + 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

  • Ability to manage multiple projects simultaneously and produce quality deliverables on time and within budget

  • Flexibility and ability to identify and resolve issues

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

  • Excellent 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

  • Desire to mentor/develop more junior staff

  • 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

  • Significant progress towards completion of health actuarial designation

EOE, including disability/vets (https://cdn-static.findly.com/wp-content/uploads/sites/1240/2020/08/EEO-Policies-for-WTW-Careers-site-2020-1.pdf)

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