Health & Benefits Placement Senior Analyst

Health & Benefits Placement Senior Analyst

• 202603474

• Chicago, Illinois, United States
• United States

• Full time

Description

As a Health and Benefits Placement Senior Analyst, you will materially contribute to a client’s benefits strategy through managing the entire vendor/carrier bid, procurement, and negotiation process. You will have the ability to significant grow your benefits acumen, and financial, client, project management and negotiations skills by working on cutting edge projects alongside leaders in the industry.

The Role

• Plays an active support role in managing placement activities of clients/projects of varying size and complexity 
• Demonstrates a core understanding of all broad-based benefit programs
• Develops an understanding of client’s needs and can identify products, services and carriers/vendors aligned to needs
• Coordinates internal and carrier/vendor meetings for placement projects
• Partners with Global Delivery Centers (GDCs) to deliver analyses and project management
• With minimal supervision, analyzes proposal/renewal findings; makes suggestions within the placement team and/or Client Service team (CST) on potential finalist carriers small/medium sized clients
• Drafts client deliverables for more senior colleagues’ review
• Effectively supports carriers’ placement negotiations for placement activities as assigned
• Collaborates with CST and H&B Communities of Expertise (COEs) to prepare for client presentations and meetings
• Develops and coordinates with the CST to deliver response to clients’ questions and project updates
• Responds to carrier/vendor contacts on simple questions and clarifications
• Participates in carrier/vendor selection process and draft communication strategies to those not selected
• Builds carrier/vendor relationships to enhance WTW’s market position
• Follows all internal excellence and compliance requirements

Qualifications

• 1-4 years of 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
• Intermediate knowledge of Fully-insured arrangements and understanding self-funded funding arrangements, including stop loss contracts and provisions
• Well organized and detail oriented
• Flexibility and proven ability to identify and resolve complex issues
• Passion for solving problems and sharing solutions to exceed the standards of the client
• Strong client service orientation and ability to respond to all communications effectively and in a timely manner
• Excellent written and verbal communication skills
• Self-starter attitude and ability to establish priorities, work independently and with limited supervision
• Strong analytical, creative and integrative skills
• Excellent Microsoft Office skills, particularly in Excel and PowerPoint
• State Life and Health license required within 90 days of joining
• Bachelor’s degree preferred

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

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

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 $ 75,000.00 - $85, 000.00 USD annually.
This 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 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 (only included for Washington roles)
• Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.

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.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

EOE, including disability/vets