Placement Specialist

Profile

Our Health and Benefits business helps large and mid-size clients control health and welfare plan costs, improve health outcomes and promote employee engagement through broad-based, state-of-the-art interventions. We provide solutions encompassing creative plan design, vendor evaluation and management, pricing and funding strategies, data analytics, valuation support, legal compliance and governance strategies. We also provide Specialty consulting services including clinical/health management program design, pharmacy solutions, disability/absence management strategies and claims audit services. Product based solutions such as our pharmacy purchasing coalition round out our broad-based suite of offerings

The Role

Placement Specialists in the Health and Benefits line of business are responsible for supporting Financial Consultants in internal and external reporting, analysis, marketing and placement.

Primary Responsibilities/Accountabilities:


Manage entire marketing process for core lines of business: Medical, Dental, Vision, Life, Disability, and Stop Loss which includes, but are not limited to the following action items:

Bid/request for proposal preparation

Request proposals from client-approved carriers

Handle all follow-up questions, requests with the carriers

Bid/request for proposal analysis

Summation of findings and recommendations to incorporation within client presentations

Understanding of, and ability to, effectively articulate carrier specific strengths and weaknesses

Understand client’s needs and can identify products and services to support needs

Manage carrier placement negotiations for a certain client market segment and assist with negotiations for larger, more complex clients

Understand and can articulate high level recommendations on cost controls measures and potential impacts

Award business to chosen carrier and provide declination communications to those carriers not selected

Recognize and support execution of client financial strategy

Support communication efforts to clients (stewardship meetings, etc.) relative to placement

Maintain and cultivate strong carrier relationships to enhance Willis Towers Watson’s position in the market place

Understand and can articulate to clients the Willis Towers Watson Value Proposition and H&B Products and Services in order to support new business

Comply with internal compliance and auditing requirements, including the preparation of the Compensation Disclosure for lines of coverage sought and received

Design and manage financial reporting deliverables for Willis Towers Watson clients with a strict adherence to stated deadlines, including but not limited to:





Provide support to Financial Consultants in financial reporting and renewal analysis

Obtain data from carrier representatives or web portals for benefit plan experience and utilization reporting

Manipulate and organize data as needed for financial analysis, client reporting, and forecasting

Enter data accurately into pre-established formats for analysis as required; assist in customizing formats as needed





Develop technical expertise:





Acquire on-the-job knowledge of industry concepts and approaches to Health & Benefits

Develop an awareness of the insurance carrier and vendor marketplace, and build relationships with carrier partners

Attend seminars, meetings and/other educational events to increase understanding of trends, regulations and developments in the market

Receive training from experienced consultants and assist to review client needs


The Requirements


Bachelor’s degree preferred

Life & Health state license (required after one (1) year of service)

High proficiency in desktop computer applications; MS Excel acumen required

Strong analytical skills

Outstanding organizational, verbal, and written communication skills

Ability to establish priorities, work independently and proceed with objectives with limited supervision

Intermediate knowledge of insurance products and bid preparation and analysis to specifically include the following:

HMO, PPO, and Indemnity forms of medical, dental and vision plans

Consumer-driven healthcare, wellness, disease management, and current trends

Regulatory environment of employee benefits plans

Life (term, permanent, etc.), short term disability, long term disability, and state-required disability plans

Fully-insured and self-funded funding arrangements


The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

Willis Towers Watson is an equal opportunity employer

Willis Towers Watson is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

Equal Employment Opportunity: Know your rights at ****.

Unsolicited Contact : Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by **MEMBERS ONLY**SIGN UP NOW***. Willis Towers Watson is an equal opportunity employer.

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