Consultant - Health - 10158

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

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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 :

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

Qualifications :

• 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
• Actuarial exam completion and / or accreditation preferred, but willing to consider non-actuary with consulting experience.
• Bachelor’s degree or equivalent experience is required
• Strong Microsoft Office PC skills in Excel, Word, and PowerPoint
• Strong critical thinking and problem-solving skills
• Excellent communication skills
• Strong project management skills
• Knowledge of health insurance industry and employee benefits strategy
• Knowledge of applicable laws and regulations
• Knowledge of GAAP and STAT accounting and audit procedures, a plus
• Experience with Monte Carlo simulation modeling and VBA programming, a plus
• Willingness to work with teams in a hybrid in-person / virtual environment

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