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Consultant - Health - 10062

Chicago, IL, United States

PHONE: (630) 963-3033 | FAX: (630) 963-3170

Client looking to add a Consultant who will manage projects and client relationships spanning a variety of topics including, but not limited to: plan design, compliance and reporting services, health plan underwriting and employee contribution setting, health and well-being management, and retiree health care solutions. Lead consulting projects, mentor other associates, and promote teamwork. Important skills for this role include:

Analyzing and presenting data vital to client benefit programs

Managing benefit plan renewal processes, including project management, vendor coordination, qualitative and quantitative analysis, negotiations, and documentation of results

Developing H&W program pricing, budgets, forecasting, employee contributions and premium equivalent rates for self-insured benefit plans (adhering to actuarial standards of practices)

Developing reserve estimates for self-funded benefit plans

Supporting the development of actuarial assumptions and per-capita claims cost calculations for OPEB (ASC 715) actuarial valuations

Assist in development of long- and short-term employee benefits strategy

Evaluating survey responses and benchmarking data related to employee benefit programs

Negotiation of rates, contractual provisions, and performance guarantees with current benefit vendors

Manage marketing analysis including RFP creation, proposal collection, and vendor comparisons

Assist with vendor selection, performance criteria with the management of new vendors and exiting vendors during implementation process

Monitoring the market to remain current regarding the major health plans, administrators, and other vendors available in the marketplace to consulting clients and prospects, as well as new, innovative solutions

Maintaining project plans and status logs with completion times and issue resolutions/decisions

Crafting letters, presentations, proposals, charts, and spreadsheets

Working as a cooperative, proactive team member in projects involving other associates throughout the practice, group, and region to deliver coordinated client results

Mentoring less-experienced associates at every opportunity

Sharing information freely and pro-actively. Keep other associates advised of current information, and ensure all relevant information is captured in client documents

Qualifications:

5-10 years' experience working with H&W plan financials, preferably at a benefit consulting/brokerage firm or through a health underwriting/actuarial function at an insurance company

Actuarial exam completion and/or accreditation preferred

Bachelor’s degree or equivalent experience is required

Strong Microsoft Office PC skills in Excel, Word, and PowerPoint

Strong critical thinking and problem-solving skills

Excellent communication skills

Strong project management skills

Knowledge of health insurance industry and employee benefits strategy

Knowledge of applicable laws and regulations

Knowledge of GAAP and STAT accounting and audit procedures, a plus

Experience with Monte Carlo simulation modeling and VBA programming, a plus

Willingness to work with teams in a hybrid in-person/virtual environment

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Consultant - Health - 10062 jobs in Chicago, IL, United States

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