Financial Consultant: Health & Benefits
The Employee Health & Benefits (EH&B) Senior Financial Consultant will manage the accurate and timely data and financial analysis on various financial projects for pricing of medical, dental, life and disability programs and advise clients accordingly. The level of support depends on the size of client as well as complexity and revenue of the account - at this level the senior consultant is considered the client owner for larger clients. A part of this role is also to act as a mentor to more junior staff and oversee their basic financial work. To fulfill this role, the senior financial consultant will:
- Provide management of the financial analysis for more complex and/or larger clients, including more in-depth analysis for complex situations that require additional research or discussion with Mercer subject matter experts. For less complex and involved work, will oversee the analysis of more junior staff.
- Price and evaluate consumerism plan (high deductible health plans with provisions to create greater consumer awareness) using Mercer's internal pricing model to compare designs; results are typically presented to client as part of a strategy or plan design discussion
- Analyze cost drivers by reviewing client's cost/utilization data and looking for year-over-year trends or comparisons to external benchmarks using data provided from client's vendor reports or raw data from external databases; key results are summarized and presented to client to help understand cost drivers and modify plan designs
- Oversee the financial analysis work of a more junior team members, including: preparing basic cost projections, analyzing vendor renewals, pricing medical and prescription drug plan designs, and developing employee contributions scenarios
- Manage financial projects from start to finish, including managing quality/timeliness of client deliverables, developing budgets and billing reports, acting as senior client contact for financial work and preparing/delivering concise communications and results to client.
- Demonstrate an expert level of understanding of Health & Benefits products, services and technical tools offered by Mercer; vendor/carrier markets, underwriting skills, budget-setting, rate setting and evaluation. Will also train and mentor others on these.
To be considered for this opportunity, we require the following qualifications and experience:
- BA/BS degree
- Ten or more years of H&B or relevant experience required
- Advanced knowledge of employee benefit underwriting. Thorough understanding of complex benefit concepts such as health care management, flexible benefits and alternative funding
- Superior analytical and mathematical skills, strong command of Excel,
- Strong strategic planning skills
- Excellent interpersonal skills, strong oral and written communication skills
- Excellent organizational and project management skills with the ability to prioritize and handle multiple and complex tasks in a demanding work environment
- Strong critical thinking and analytical problem-solving skills
- Ability to manage, motivate, and mentor more junior level staff
- Ability to work independently and on a team.
Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, pension and 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity.
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