Consultant - Health - 10156

PHONE: (630) 963-3033 | FAX: (630) 963-3170

Job Summary

Client looking to add a Consultant who will manage projects and client relationships spanning a variety of topics including, but not limited to: plan design, compliance and reporting services, health plan underwriting and employee contribution setting, health and well-being management, and retiree health care solutions. Lead consulting projects, mentor other associates, and promote teamwork.

Important Skills for this Role Include:

1. Analyzing and presenting data vital to client benefit programs
2. Managing benefit plan renewal processes, including project management, vendor coordination, qualitative and quantitative analysis, negotiations, and documentation of results
3. Developing H&W program pricing, budgets, forecasting, employee contributions and premium equivalent rates for self-insured benefit plans (adhering to actuarial standards of practices)
4. Developing reserve estimates for self-funded benefit plans
5. Supporting the development of actuarial assumptions and per-capita claims cost calculations for OPEB (ASC 715) actuarial valuations
6. Assisting in the development of long- and short-term employee benefits strategy
7. Evaluating survey responses and benchmarking data related to employee benefit programs
8. Negotiation of rates, contractual provisions, and performance guarantees with current benefit vendors
9. Managing marketing analysis including RFP creation, proposal collection, and vendor comparisons
10. Assisting with vendor selection, performance criteria with the management of new vendors and exiting vendors during implementation process
11. Monitoring the market to remain current regarding the major health plans, administrators, and other vendors available in the marketplace to consulting clients and prospects, as well as new, innovative solutions
12. Maintaining project plans and status logs with completion times and issue resolutions/decisions
13. Crafting letters, presentations, proposals, charts, and spreadsheets
14. Working as a cooperative, proactive team member in projects involving other associates throughout the practice, group, and region to deliver coordinated client results
15. Mentoring less-experienced associates at every opportunity
16. Sharing information freely and pro-actively. Keeping other associates advised of current information, and ensuring all relevant information is captured in client documents

Qualifications:

1. 5-10 years' experience working with H&W plan financials, preferably at a benefit consulting/brokerage firm or through a health underwriting/actuarial function at an insurance company
2. Actuarial exam completion and/or accreditation preferred, but willing to consider non-actuary with consulting experience.
3. Bachelor’s degree or equivalent experience is required
4. Strong Microsoft Office PC skills in Excel, Word, and PowerPoint
5. Strong critical thinking and problem-solving skills
6. Excellent communication skills
7. Strong project management skills
8. Knowledge of health insurance industry and employee benefits strategy
9. Knowledge of applicable laws and regulations
10. Knowledge of GAAP and STAT accounting and audit procedures, a plus
11. Experience with Monte Carlo simulation modeling and VBA programming, a plus
12. Willingness to work with teams in a hybrid in-person/virtual environment