Health and Benefits Analyst
Role :
- Contribute to health and benefits projects involving the design and management of group extended health, dental, life, disability, and time off benefits for large, complex clients, including : Benefit plan analysis, design, cost savings and funding strategies Carrier procurement, negotiation, and optimization Incorporation of specialized health management, absence and disability management, pharmacy, data analytics and compliance strategies
- Perform financial analyses including developing pricing and employee contributions strategies, modelling plan design alternatives and calculating reserves
- Conduct benchmarking studies and other research; provide value added analyses and summaries
- Analyze and compare carrier products, services and contracts
- Design, distribute and evaluate responses to surveys and Request for Proposals (RFPs)
- Build strong relationships with clients by effectively responding to their questions and needs
- Build relationships internally and collaborate effectively on cross-functional teams
- Contribute to the development of new tools and approaches
Requirements :
1-2 years' experience dealing with the financials of health and benefits plans, ideally gained in a benefit consulting / brokerage firm or health underwriting function of an insurance company;
alternatively, some exposure to, and interest in, health and benefits plans
- Well organized and detail oriented
- Flexibility and proven ability to identify and resolve issues
- Strong client service orientation and ability to respond to all communications effectively and in a timely manner
- Strong written and verbal communication skills
- Self-starter attitude and ability to work individually and as part of a team
- Strong analytical, creative and integrative skills
- Excellent Microsoft Office skills, particularly in Excel and PowerPoint
- Bachelor's degree required, preferably with significant quantitative coursework
- Provincial Life and Health license required within 90 days of joining
Compensation
The base salary compensation range being offered for this role is $65,000-$75,000 CAD.
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 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).
Retirement Benefits : Contributory Pension Plan and Savings Plan (401k).
EOE, including disability / vets