About this role
About the Role Lockton is seeking a Senior Financial Analyst to contribute to the development and delivery of health and welfare financial work for Midwest Series employer clients. The role involves analyzing data in collaboration with financial and client service teams to prepare comprehensive financial reporting and insights related to health benefit plans in a fast-paced environment.
What You'll Do
- Financial analysis for employer group health plans including ongoing claim reporting, rate setting, contribution development and plan design modeling
- Leverage existing models to illustrate client health plan financial patterns and outcomes, and contribute to custom reports and analyses for specific client needs
- Evaluate benefits utilization and claims data to help clients develop cost management and health risk management strategies
- Proactively review multiple data sources for benchmarking and storytelling
- Prepare spreadsheets, graphs, charts, diagrams and other visuals for presentations and reports
- Support development of health plan reserve estimates for self-funded clients
- Participate in client meetings delivering financial information and results
- Assist service teams with development and evaluation of carrier RFPs for all coverage lines, including modeling of network changes and payment alternatives
- Provide financial modeling and support for prospects
- Perform special projects and stay informed of insurance industry developments and products
What We're Looking For
- Bachelor's degree required (Finance, Statistics, Math or related field preferred)
- 4+ years of group health benefits experience at a brokerage/consulting firm or insurance carrier with focus on underwriting/financial analysis
- Actuarial accreditations welcome; exam support available
- Ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making
- Knowledge of healthcare marketplace including plan design, pricing, reserving, benchmarking, and financial management/analysis
- Organizational and time management skills to prioritize workloads to meet time-sensitive deadlines; ability to work independently
- Results-oriented with adaptability to changing priorities
- Excellent verbal, written, and interpersonal skills
- Excellent quantitative, analytical, and problem-solving skills
- Ability to travel as needed
- Strong knowledge of Microsoft Excel and financial modeling tools; experience with statistical analysis software a plus
- Willingness to travel as required
Nice to Have
- Actuarial accreditations welcome; exam support available
Compensation & Benefits
- Base salary: $70,000-$110,000 annually
- Potential annual performance bonus
- 12-week paid parental leave
- Opportunities for growth and advancement, paid training and professional development
- Community involvement and wellness events
- Generous rewards; US Associates receive a Rolex after 10 years