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As a Health & Benefits Associate you will support a wide variety of projects involving the design, funding, measurement, and financial analysis of the full spectrum of employer health and benefit programs including medical, dental, life, disability, voluntary benefits, etc., and will contribute to a client’s benefits strategy through managing the entire carrier procurement and negotiation process. You will serve as the lead project manager on select projects, interface with client service teams and global delivery centres to contribute to analyses and client deliverables, ensuring quality standards are met. You will have the opportunity to significantly grow your health and benefits business acumen as well as your financial, project management, negotiation, and communication skills by working on cutting edge projects alongside leaders in the industry.
The Role
Play an active support role in multiple client teams developing financial analyses, outputs and client deliverables across a regional team as well as project management.
Develop working proficiency of core financial, actuarial and analytics theories, models and tools.
Support accurate and reliable claim reporting and financial modeling to guide client decisions.
Deepen knowledge of all broad-based benefit programs (e.g., health care, pharmacy, wellbeing, life, disability, voluntary benefits, etc.)
Develop and assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development
Take responsibility for execution of specific tasks that contribute to financial, analytical and placement deliverables for clients, with guidance and adherence to stated deadlines.
Manage follow-up questions/request from the carriers/vendors
Collect, summarize and analyze proposal findings; support negotiations, make recommendations for finalist carriers, and communication to carriers
Design and manage placement (renewal/marketing) deliverables with a strict adherence to stated deadlines
Increase efficiency within client teams by identifying ways to improve processes
Build relationships internally and collaborate effectively on cross-functional teams
Partner with Global Delivery Centers and Client Service teams to deliver superior project management.
Review analytical work, mentor and develop junior colleagues.
Comply with internal excellence and compliance requirements
Contribute to the development of new intellectual capital
The Requirements
3+ years’ experience dealing with the financials of health and benefit plans, ideally gained in a benefit consulting/brokerage firm or at a health insurance company, preferred; alternatively, some exposure to, and interest in, health and benefits plans
Well organized, detail oriented and strong project management skills
Strong analytics capabilities with an ability to identify inconsistencies in data, identify and resolve complex issues
Passion for solving problems and sharing solutions
Excellent written and verbal communication skills
Proven ability to manage multiple projects simultaneously
Self-starter attitude and ability to establish priorities, work independently with limited supervision and as part of a team
Excellent Microsoft Office skills, particularly in Excel and PowerPoint
Provincial Life and Health license required within 180 days of joining
Relevant financial experience and/or university degree.
Proficiency in English and French, both written and oral
Equal Opportunity Employer
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