Actuarial Analyst - Health And Group Benefits
Job ID#: 12446
Location: Atlanta, GA
Business Area Health And Group Benefits
Employment Status: Regular Full-Time
The Company
Go beyond.At Towers Watson, we are more than individuals. We are a community focused on helping our colleagues and clients thrive and succeed. Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, financial and risk management. With 14,000 associates around the world, we offer solutions in the areas of benefits, talent management, rewards, and risk and capital management.
The Business
Our Health and Group Benefits business helps large and mid-size clients control soaring health and welfare plan costs, improve health outcomes and promote employee engagement through broad-based, state-of-the-art interventions. We provide solutions encompassing creative plan design, vendor evaluation and management, pricing and funding strategies, data analytics, valuation support, legal compliance and governance strategies. We also provide Specialty consulting services including clinical/health management program design, pharmacy solutions, disability/absence management strategies and claims audit services. Product based solutions such as our pharmacy purchasing coalition round out our broad-based suite of offerings.
The Role
As a Health and Group Benefits Actuarial 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, time off 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
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
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 serve as the project manager and main liaison to the consultant which includes:
Creating project plans
Monitoring progress to deadlines and budget
Scheduling and managing weekly/bi-weekly status meeting calls
Ensuring appropriate and effective communication among team members and the client
Financial
Meet chargeable hours targets
Contribute to sales and marketing efforts by drafting proposals and responding to RFPsThe Requirements
Some experience 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; additional experience with life/disability plans desired
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
Bachelors degree required
Significant progress towards completion of ASA
Towers Watson is an EEO/AA Employer, M/F/D/V
Towers Watson is an Affirmative Action/Equal Opportunity Employer, M/F/D/V
