Healthcare Financial/Actuarial Associate Director

Company: Willis Towers Watson
Location: Chicago
Posted on: June 2, 2025

Job Description:

DescriptionCandidates located in the following locations will be considered:Milwaukee WI, Detroit MI, Kansas City MO, St Louis MO, Minneapolis MN, Chicago, Cleveland OH, Columbus OH, Cincinnati OH, Pittsburgh PAAs a Healthcare Financial/Actuarial Associate Director, you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will lead clients' financial/actuarial engagements for a portfolio of clients and/or significantly contribute to complex clients across the full spectrum of employer health and group benefit programs including medical, dental, life, disability, etc. In partnership with Client Service colleagues, you will communicate FAA concepts, strategies, and results that effectively drive client action and improve plan performance, and will have the opportunity to work on cutting-edge projects alongside industry leaders.The Role

• Expand knowledge of varying client complexity by working across different client profiles.
• Lead clients' financial/actuarial engagements for a portfolio of small clients or manage FAA resources on more complex clients and/or deliverables.
• Demonstrate clear understanding of the FAA service catalog and advanced knowledge in all aspects of benefit plan design, underwriting/funding, and post-retirement/employment concepts.
• Guide teams on cost avoidance, risk, and funding strategies based on client needs. Provide leadership to junior colleagues on FAA concepts, strategies, and tools.
• Review technical and consulting accuracy on client projects, including developing pricing and employee contribution strategies, modeling plan design alternatives, and calculating reserves.
• Partner with Global Delivery Centers and Client Service teams to ensure effective project management.
• Build strong internal relationships and collaborate on cross-functional teams.
• Develop and maintain relationships with employers' and vendors' primary contacts to enhance WTW and H&B's brand.
• Contribute to intellectual capital development.
• Support new business initiatives, expansion, and cross-selling activities.Qualifications

• 8+ years' experience in professional services, ideally gained in a benefit consulting/brokerage firm or health underwriting/actuarial function of an insurance company.
• Experience working across multiple client segments.
• Advanced knowledge of broad health and welfare products & services.
• Knowledge and experience using big data analytics techniques.
• Expertise in cost avoidance, risk, and funding strategies.
• Subject matter expertise on emerging trends.
• Proven ability to lead multiple clients/projects simultaneously, producing quality deliverables on time and within budget.
• Successful experience in expanding client relationships through selling additional services.
• Ability to adapt quickly to changing circumstances and help teams do the same.
• Strong written and verbal communication skills.
• Ability to guide and provide feedback to junior colleagues.
• Proficiency in Microsoft Office, especially Excel and PowerPoint.
• State Life and Health license required within 90 days of joining.
• Relevant financial experience and/or a university degree.
• Progress towards health actuarial or CEBS designation (optional).Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this job.This position will remain posted for at least three business days or until a suitable candidate is found.Compensation and BenefitsThe salary range for this role is $115,000 to $150,000 USD annually, plus eligibility for an annual short-term incentive bonus. WTW offers a comprehensive benefits package including health, welfare, leave, and retirement benefits, with details provided in the full description.This role supports flexible working arrangements, including remote, in-office, and hybrid options, based on team and client needs. We encourage discussions about flexibility to support an inclusive and diverse workforce.WTW is an Equal Opportunity Employer, including disability/vets.
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Keywords: Willis Towers Watson, Crystal Lake , Healthcare Financial/Actuarial Associate Director, Executive , Chicago, Illinois