Heath & Benefits Analyst
Company: WTW
Location: Glen Allen
Posted on: January 27, 2023
Job Description:
As a Health and Benefits Placement Specialist, you will
materially contribute to a clients benefits strategy through
managing the entire carrier bid and negotiation process. You will
have the ability to significant grow your benefits acumen, and
financial, client, project management and negotiations skills by
working on cutting edge projects alongside leaders in the
industry.The RoleThis role will collaborate with the financial
consultant and Account Executive in the financial and associated
funding strategy for group medical, dental, life, vision and
disability plans. In the context of that strategy:
- Identify target carriers and design/distribute RFPs to
them
- Collect, summarize and analyze findings; make recommendations
for finalist carriers
- Effectively negotiate and place insurance coverage to best meet
clients needs
- Award business to chosen carrier and artfully manage
declination communications to those carriers not selected
- Support communication efforts to clients (stewardship meetings,
etc.) relative to placement
- Maintain and cultivate strong carrier relationships to enhance
WTW's position in the market place
- Increase efficiency within client teams by identifying ways to
improve processes
- Build relationships internally and collaborate effectively on
cross-functional teams
- Comply with internal compliance and auditing requirements,
including the preparation of the Compensation Disclosure for lines
of coverage sought and received
- Contribute to the development of new intellectual capital
- Size and complexity of clients:
- Fully-insured and self-insured clients
- Multi-state
- Typical size: 500 to 5,000 employeesThe Requirements
- Experience dealing with the financials of health and benefit
plans, ideally gained in a benefit consulting/brokerage firm or
health underwriting function of an insurance company;
alternatively, some exposure to, and interest in, health and
benefits plans
- Well-organized and detail-oriented
- Flexibility and proven ability to identify and resolve
issues
- Strong client service orientation and ability to respond to all
communications effectively and in a timely manner
- Strong 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
- Excellent Microsoft Office skills, particularly in Excel and
PowerPoint
- State Life and Health license required within 90 days of
joining
- Bachelors degree required, preferably with significant
quantitative course work
- Pursuit of CEBS designation, or health and welfare underwriting
training desiredWTW may be subject to employment-related COVID-19
vaccination mandates from time to time in certain jurisdictions
that may require certifying and providing documentation of
vaccination against COVID-19 to work in a WTW office.EOE, including
disability/vets
Keywords: WTW, Richmond , Heath & Benefits Analyst, Professions , Glen Allen, Virginia
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