Benefits Associate
4 weeks ago
At WTW, we're seeking a skilled Benefits Associate - Health and Wellbeing Expert to join our team.
Job Summary
As a Health and Benefits Associate, you will be responsible for supporting a wide range of projects related to the design, funding, measurement, and financial analysis of employer health and benefit programs. You will contribute to a client's benefits strategy by managing the entire carrier procurement and negotiation process.
Key Responsibilities
- Support client teams in developing financial analyses, outputs, and client deliverables across a regional team.
- Develop working proficiency of core financial, actuarial, and analytics theories, models, and tools.
- Ensure accurate and reliable claim reporting and financial modeling to guide client decisions.
- Deepen knowledge of all broad-based benefit programs, including health care, pharmacy, wellbeing, life, disability, and voluntary benefits.
- Develop and assist with financial modeling of benefit plan designs, cost avoidance/funding strategies, and budget projections and rate/contribution development.
- Take responsibility for the 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 and requests from carriers/vendors.
- Collect, summarize, and analyze proposal findings; support negotiations, make recommendations for finalist carriers, and communicate with carriers.
- Design and manage placement (renewal/marketing) deliverables with a strict adherence to stated deadlines.
- Identify ways to improve processes within client teams, increasing efficiency.
- 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.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
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