Job Postings

Senior Financial Consultant(Full-time/Flex)

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Potomac, MD
Job Type
Direct Hire
May 14, 2018
Job ID
Leading global advisory company that  delivers solutions that manage risk, optimize benefits, cultivate talent, and expands the power of capital to protect and strengthen institutions and individuals is looking for a Senior Financial Consultant
Location: Potomac, Maryland
Job Type: Direct Hire
Hours/Schedule: Looking for someone to work full-time with a flexible schedule and ability to do some work remotely , will consider candidates interested in working 30 hours weekly 
Rate: 80k-110k-based on experience, with excellent company benefits
Job Description: Senior Financial Consultant  will contribute to a wide variety of complex projects involving the design, financing, delivery, ongoing management and communication of the full spectrum of health and group benefit programs including medical, dental, life, disability, time off and flexible benefits and will interface with vendors and key clients internally and externally, create client deliverables, and ensure quality standards are met.


  • Support financial aspects of benefit planning, including but not limited to, funding arrangements analysis, plan design strategies, and employee contribution modeling
  • Maintain annual renewal reports, monthly reports and quarterly reports, which includes providing monthly reporting of client and carrier information
  • Calculate and develop Incurred But Not Reported (“IBNR”) reserves, underwriting projections, rate development, actuarial plan impact, Pharmacy Benefit Management analysis, and claims repricing analysis
  • Support communication efforts to clients (stewardship meetings, etc.) relative to financial issues
  • Support Renewal/Marketing Process including but not limited to:
  • Pre-renewal analysis and gathering of pertinent underwriting information for account specific projects
  • Prepares exhibits and illustrations used to develop various financial strategies for employer groups
  • Prepare proposal data into company's format for presentation to clients making recommendations
  • Maintains client specific models to assist in the economic analysis of market alternatives
  • Prepares the financial exhibits and commentary for client presentations, supports the new business and renewal quoting process for the team
  • Use technology to monitor / analyze claims information and financial impact
  • Maintain relationships with client decision makers, e.g., VPs, CHRO, CEO, CFO
  • Maintain strong carrier relationships to enhance company's position in the market place
  • Value Proposition and Human Capital Benefits (HCB) Products and Services in order to support new business
  • Understand clients’ needs and identify products and services to support needs
  • Comply with internal compliance standards and documentation protocol
  • All other duties and project work as assigned
  • Build strong relationships internally and collaborate effectively on cross-functional teams
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
  • Work in a supportive, team oriented environment
  • Support the collaborative team environment by partnering with other colleagues on workflow and client projects 
  • Provide valued-added consulting expertise on large, sophisticated projects including health and welfare plan re-design, pricing, medical valuations, funding and employee contributions strategies, reserve calculations, benchmarking studies and negotiations, plan renewals and vendor analysis and management
  • Contribute to projects within the speciality area including health management/wellness, disability/absence management, pharmacy and claims audits
  • Contribute to the development of new tools and approaches
  • Support client retention ratio at or above the targeted goal
  • Support the generation of new business by enhancing relationships with current clients and recommending new projects and solutions
  • Participate in prospecting opportunities with new clients as part of a broader team
  • Directly contribute to clients’ success through applying technical expertise 
  • 5+ years’ experience dealing with the financials of group health and welfare plans, ideally gained in a group benefit consulting/brokerage firm or group health underwriting or actuarial function of an insurance company; additional experience with life/disability plans a plus
  • Bachelor’s degree required
  • Life & Health license a plus 
  • Underwriting experience
  • Experience with various funding types (fully-insured, self-funded, minimum premium)
  • Intermediate knowledge of: (1) insurance products, (2) bid preparation and analysis, and (3) financial analysis/underwriting to specifically include the following: HMO, PPO, and Indemnity forms of Health, Dental, and Vision plans 
  • Regulatory environment of employee benefits plans, including intermediate knowledge of PPACA
  • Experience successfully managing projects and producing quality deliverables on time
  • Flexibility and proven ability to diagnose and resolve issues; strong client service orientation
  • Strong written and verbal communication skills
  • Ability to ask the right questions and seek help where appropriate
  • Ability to respond to all communications effectively and in a timely manner
  • Demonstrated leadership qualities
  • Ability to work both independently and on client teams and enjoy a fast-paced environment
  • Sense of accountability; owning one’s work and taking pride in it
  • Self starter; interest in continually challenging oneself 
  • Interest and ability to think beyond the task at hand and understand how one’s work fits into the broader landscape
  • Strong analytical and integrative skills including ability to draw conclusions and identify trends from data in a logical, systematic way
  • Advanced working knowledge of Microsoft Word, PowerPoint and Excel; Microsoft certification a plus
  • Pursuit of CEBS designation, or group health and welfare actuarial or underwriting training