Financial Consultant/Underwriter, Employee Benefits

Financial Consultant/Underwriter, Employee Benefits At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here. Lockton is seeking a Financial Consultant with strong health care underwriting background to support the Health & Welfare Actuarial & Financial Analytics Practice in delivering financial and underwriting analyses for employer-sponsored health benefit programs. This role will be responsible for developing annual budget projections, renewal rate recommendations, medical and pharmacy claim analyses, and financial modeling that informs client strategy and decision-making. The ideal candidate possesses 6 + years of health and welfare underwriting experience, strong analytical capabilities, and the ability to communicate complex financial information to consultants, client teams, and employers. This individual will work collaboratively with actuaries, consultants, pharmacy specialists, and account teams to deliver actionable insights and exceptional client service. Financial Analysis & Underwriting Develop annual health plan budget projections, renewal analyses, and funding rate recommendations for self-funded and fully insured employer health plans. Analyze medical, pharmacy, stop-loss, and ancillary claims experience to identify utilization trends, cost drivers, and emerging risks. Build and maintain underwriting models used to establish future-year cost projections and contribution strategies. Evaluate carrier renewal proposals and develop independent underwriting assessments. Support development of health plan reserve estimates for self-funded clients. Prepare monthly, quarterly, and annual financial reporting deliverables for clients. Assist client teams in evaluating plan design changes, vendor transitions, and cost‑containment initiatives. Client Support & Consulting Present underwriting results and financial analyses to consultants and client teams. Support client budgeting and strategic planning processes through the development of financial forecasts. Collaborate with consultants, actuaries, pharmacy specialists, and account managers to develop client recommendations. Respond to client and consultant requests regarding plan performance, emerging trends, and financial implications of program changes. Contribute to the preparation of stewardship reports, board presentations, and financial exhibits. Participate in client meetings and possibly prospect presentations as needed, delivering financial information and results. Data Management & Reporting Validate and analyze eligibility, claims, premium, and financial data from carriers, TPAs, PBMs, and other vendors. Ensure accuracy and integrity of underwriting assumptions, financial models, and reporting outputs. Maintain documentation supporting underwriting methodologies and assumptions. Identify opportunities to improve underwriting processes and reporting efficiencies through technology and automation. Practice & Team Contributions Support the development and maintenance of underwriting tools, templates, and best practices. Participate in team meetings, training sessions, and professional development opportunities. Mentor junior analysts and underwriting staff as appropriate. Promote collaboration and knowledge sharing across consulting, actuarial, and analytics teams. Qualifications Bachelor’s degree in , Mathematics, Statistics, Actuarial Science, Finance, Economics, Business, or a related field. 6+ years of underwriting experience within employer-sponsored health benefits, health insurance, consulting, carrier, TPA, or brokerage environments. Strong understanding of self-funded and fully insured medical plans, pharmacy benefit management and pharmacy trend analysis, stop‑loss underwriting, population health and utilization trends, and health plan funding arrangements. Experience developing employer health plan budget forecasts and renewal projections. Advanced proficiency in Microsoft Excel, including complex formulas, pivot tables, and financial modeling. Strong analytical and problem‑solving abilities with attention to detail. Excellent written, verbal, and presentation skills. Preferred Qualifications Experience supporting large and middle‑market employers. Exposure to actuarial methodologies and healthcare trend forecasting. Familiarity with reporting and analytics platforms such as Power BI, Tableau, or similar tools. CEBS, HIA, MHP, or other health benefits‑related professional designation. Experience working within a consulting or brokerage environment. Equal Opportunity Statement Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity. At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long‑term success. About Lockton Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day. At Lockton, we believe in the power of all people. You belong at Lockton. How We Will Support You At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it. We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing. Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees. #J-18808-Ljbffr Lockton Companies