Financial Consultant at Lockton Companies - UAE

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

21 May, 26

Salary

0.0

Posted On

20 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Analysis, Data Analysis, Client Reporting, Rate Setting, Plan Design Modeling, Project Management, Peer Review, Health Risk Management, Benchmarking, Financial Modeling, Data Visualization, RFP Evaluation, Mentoring, Time Management, Problem-Solving, Interpersonal Skills

Industry

Insurance

Description

The Financial Consultant leads development, delivery, and related consulting on health and welfare financial work for employer clients in Lockton's Midwest Series. They will leverage and analyze data in collaboration with other financial and client service team members to prepare and deliver comprehensive financial reporting and insights for clients related to their health benefit plans. 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 Duties: Financial analysis for employer group health plans including ongoing claim reporting, rate setting, contribution development and plan design modeling. Lead financial consultant on most client teams including setting strategy, project management of financial deliverables and peer review. Leverage existing models to assist in analysis and illustration of client health plan financial patterns and outcomes. Evaluate benefits utilization and claims data to assist clients in developing cost management and health risk management strategies, while identifying multiple data sources for ongoing benchmarking and storytelling. Prepare spreadsheets, graphs, charts, diagrams, and other illustrative tools for presentations and reports. Provide financial modeling and support for prospects. Support development of health plan reserve estimates for self-funded clients. Participate in client meetings and possibly prospect presentations as needed, delivering financial information and results. Assist client service teams with development and evaluation of carrier RFPs for all coverage lines, including modeling of network changes and payment alternatives. Perform special projects as necessary. Mentor and delegate work to junior associates as needed while seeking and providing peer review to ensure high quality client deliverables. Keep informed of insurance industry developments and products available in the marketplace. Qualifications - External Bachelor’s degree required (major in Finance, Statistics, Math, Actuarial Science, or related field preferred) 6+ years of group health benefits experience at a brokerage/consulting firm or insurance carrier with focus on underwriting/financial analysis Actuarial credentials welcome Must have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making Knowledge of all aspects of the 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 required Must be results-oriented, with the ability to change priorities as needed Excellent verbal, written, and interpersonal skills to interact with clients and associates at all levels of responsibility Excellent quantitative, analytical, and problem-solving skills Ability to work independently under the supervision or guidance of others Strong knowledge of Microsoft products (particularly Excel); skill in using computer application software for financial modeling, statistical analysis, and spreadsheet calculations Ability to travel as needed

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Responsibilities

The Financial Consultant will lead the development and delivery of health and welfare financial consulting services for employer clients, leveraging data analysis to prepare comprehensive financial reporting and insights for their benefit plans. Essential duties include performing financial analysis for group health plans, leading financial consultation on client teams, and evaluating utilization data to develop cost management strategies.