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