Health & Benefits Financial Consultant

The Role

The Technical Consultant partners with client service teams to deliver accurate, insightful financial analysis and renewal deliverables to employee benefits clients. The individual independently manages the technical and financial side of fully insured, level-funded and self-funded clients, from data analysis and modeling through carrier negotiations and client presentations.

Key Responsibilities

Client and Account Management

• Independently manage the technical and financial work for fully insured, level-funded and self-funded clients
• Build strong relationships with client service teams, clients and carriers
• Participate in client and internal meetings, including strategy and renewal meetings

Analysis and Modeling

• Review and interpret client experience reports and demographic analyses, and turn them into clear insights
• Use the actuarial tools to evaluate funding alternatives, value plan design changes and project employee costs
• Model employee contribution strategies and other financial scenarios
• Use internal and external data analytics tools to form recommendations

Renewals and Negotiations

• Negotiate rates with carriers for large, self-funded and complex financial modeling clients
• Analyze and negotiate Pharmacy Benefit Management (PBM) and stop loss contracts when applicable
• Prepare, finalize and present client renewal deliverables

Team and Professional Development

• Share knowledge and skills with team members; help train and give feedback
• Represent the company at external seminars for education, professional development and industry networking
• Other duties and special projects as assigned

Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
 

The Requirements

• 5–8 years of underwriting, data analysis, carrier or employee benefits experience (required)
• Solid understanding of funding arrangements, PBM contracts and stop loss
• Bachelor’s degree preferred
• Insurance industry background or knowledge of group products preferred
• Life and health insurance license in your state of residence required; if not currently licensed, individual must obtain within the first 6 months. Ongoing continuing education is required when necessary. 
• Excellent written, verbal and presentation skills
• Strong client service skills, professionalism and tact
• Advanced proficiency in Microsoft Office, especially Excel; quick to learn new systems and tools
• Basic knowledge of using AI tools
• Resourceful problem solver who takes initiative and offers solutions
• Strong time management and project planning; handles high volumes, competing priorities and shifting deadlines
• Collaborative and responsive in a fast-paced environment
• Builds trust with clients, carriers and internal stakeholders
   

Compensation and Benefits 

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $95,000 to $162,000 USD per year.

The role is also eligible for an annual short-term incentive bonus.

Company Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
• Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off 
• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

EOE, including disability/vets

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.