Lockton Dunning Benefits is currently seeking an Associate Financial Analyst within the health & welfare actuarial practice. The position will work with credentialed actuaries to service self-funded employer sponsored health plans with a primary focus on delivering quality financial analyses to clients and client teams. The ideal candidate will demonstrate a high level of professionalism; possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities.
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:
- Use models to project loss trends, determine funding rates, analyze claims lag time, complete feasibility studies, and illustrate cash flows.
- Create new financial reporting templates; update existing templates to improve standard models used in analysis.
- Evaluate benefits utilization and claims data to assist clients in developing cost management and health risk management strategies.
- Determine impacts for network changes, plan changes, contribution strategies, and other strategic considerations.
- Prepare spreadsheets, graphs, and other illustrative tools for presentations and reports.
- Prepare custom reports and analysis for specific client needs.
- Work collaboratively with client service teams to collect and review data for accuracy.
- Integrate data from multiple data sources into relevant client reports.
- Collaborate with client service teams and actuaries to develop and track project deadlines.
- Become adept at using Lockton benchmarking tools and in sourcing/using external surveys.
- Communicate in a positive manner to contribute to a cohesive, pleasant work environment.
- Keep informed of industry developments and products available in the marketplace.
- Make a positive contribution to customer satisfaction and constantly strive to improve service.
- Participate in internal office meetings as required.
- Other responsibilities as assigned.
EDUCATION, EXPERIENCE, AND SKILLS REQUIRED:
- Bachelor’s degree in a business-related program or equivalent education and/or experience, with an emphasis in math, statistics, or finance required.
- Preference for a candidate taking actuarial exams and pursuing an actuarial credential (ASA).
- Excellent customer service skills, with the ability to develop strong client relationships.
- A working knowledge of welfare benefits, risk, and health insurance concepts.
- Excellent computer skills including word processing and spreadsheet expertise.
- Excellent organizational and communication skills.
- Legal right to work in the United States.