Financial Consultant – Health

• Analyze utilization and unit cost drivers of medical and pharmacy expenses
• Develop recommendations related to plan designs, contributions, and types of care and providers
• Provide in-person and virtual consultation to clients regarding employee benefits program strategies
• Prepare claim projections and trend analyses for larger clients
• Track claims, update forecasts, and compare funding mechanisms
• Review and/or prepare annual benefit plan renewals
• Interact with insurance carrier underwriting and actuarial personnel regarding ratings and premiums
• Develop modeling tools and spreadsheets for benefit-plan decision-making
• Develop models to predict IBNR reserve patterns with greater accuracy and reduced variance
• Assist with integrating data analytics for disability, life, and other benefits
• Act as an analytical resource for team members

• Bachelor's degree in mathematics, statistics, economics or a similar field
• In process of obtaining ASA designation
• Exceptional analytical ability demonstrated through coursework and experience
• Ability to form productive working relationships with team members, decision makers, and insurance carrier personnel
• Energetic and self-directed, with strong commitment, motivation, work ethic, initiative, and follow-through
• Adaptable and able to change priorities and multitask regularly to meet deadlines
• Experience implementing new processes to improve company efficiency and effectiveness
• Ability to maintain strict confidentiality regarding client and company data and information
• Successful completion of at least one actuarial exam is a plus, but not required
• ASA designation is a plus, but not required
• Insurance license required within 6 months of hire

Demonstrates strong analytical abilities in evaluating medical and pharmacy expenses, developing benefit plan recommendations, and utilizing data analytics for decision-making. Proficient in creating models and tools for accurate forecasting and trend analysis while maintaining confidentiality and fostering productive relationships with stakeholders.

• Analytical Ability
• Data Analytics Integration
• Model Development
• Bachelor's Degree in Mathematics
• Insurance License

• Utilization Analysis
• Cost Driver Analysis
• Claim Projections
• Trend Analysis
• Modeling Tools Development
• IBNR Reserve Prediction
• Benefit Plan Design
• Forecast Updating

• Relationship Building
• Self-Directed
• Adaptability
• Motivation
• Work Ethic

• ASA Designation
• Actuarial Exam Completion

• Employee Benefits
• Insurance Underwriting
• Actuarial Science
• Confidentiality
• Benefit Plan Renewals

• Spreadsheets