Employee Benefits Vice President

Company:

Marsh McLennan Agency

Description:

Vice President, Actuary

Our not-so-secret sauce.

Award-winning, inclusive, Top Workplace culture doesn’t happen overnight. It’s a result of hard work by extraordinary people. More than 11,000 of the industry’s brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can thrive as a Vice President, Actuary at Horton, a Marsh McLennan Agency (MMA).

 MMA provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 200 offices across North America, we combine the personalized service model of a local consultant with the global resources of the world’s leading professional services firm, Marsh McLennan (NYSE: MMC).

What You Do

• Develop and manage financial historical experience and budget projections reports
• Develop formatting for miscellaneous deliverables such as renewal letters, acceptance letters, retiree rates and cost changes
• Develop and manage all aspects of health plan cost management such as, COBRA rates, retiree rates and subsidies, contribution rates
• Manage carrier relationships including negotiating vendor renewals, review vendor performance guarantees, review data utilization from vendor reports and periodically review RFP analysis
• Model financial impact changes such as vendor savings and plan design cost/savings
• Update and maintain internal benchmarking reports and other analytical data reference reports.
• Facilitate internal strategic discussions surrounding what benefits and carriers/vendors will be solicited for the most favorable marketing results while meeting the client’s needs.
• Timely and accurate solicitation and follow up for quotes/rates/plan designs.
• Consolidate and analyze quotes/rates/plan designs/financial data provided by each carrier/vendor to meet the most effective strategy for each client.
• Maintain both internal and external analytical and performance reporting as needed or determined by client.
• Monitor marketing processes and revise whenever appropriate for most efficient system through continuous improvement efforts.
• Continually evaluate and be informed as to market availability, competitive markets used by others, and continuously expand knowledge of markets on carrier offerings, network changes, and overall competitive landscape.
• Develop and manage agency relationships with carriers, both internal and external clients and carrier/vendor underwriters.
• Continually analyze and monitor internal data statistics against competitive information and provide leadership with timely recommendations.
• Provide training and mentorship to team members.
• Follow HBS procedures within Applied Epic.
• Perform other duties as requested or required.

Your Education and Experience

• Life and Health License must be obtained within 75 days of the first day of New Hire Onboarding
• Strong organizational and analytical skills with excellent adaptability
• Proficient in spreadsheets, databases, MS Office, and other financial software applications.
• Outstanding presentation and communication skills on presenting and explaining spreadsheets, reports etc. to both internal and external constituents
• Three to five years’ experience in benefits consulting, and understanding of vendor relationships and financial structure
• The employee is responsible for adherence to the stated expectations of the E&O Plus Quality Management Program

Valuable benefits.

We value and respect the impact our colleagues make every day both inside and outside our organization. We’ve built a culture that promotes colleague well-being through robust benefit programs and resources, encourages professional and personal development, and celebrates opportunities to pursue the projects and causes that give colleagues fulfilment outside of work.  

Some benefits included in this role are:

• Generous time off, including personal and volunteering
• Tuition reimbursement and professional development opportunities
• Hybrid work
• Charitable contribution match programs
• Stock purchase opportunities

To learn more about a career at MMA, check us out online: http://marshmma.com/careers or flip through our recruiting brochure: https://bit.ly/3Qpcjmw

Follow us on social media to meet our colleagues and see what makes us tick:

• https://www.instagram.com/lifeatmma/
• https://www.facebook.com/LifeatMMA
• https://twitter.com/marsh_mma
• https://www.linkedin.com/company/marsh-mclennan-agency/

The applicable base salary range for this role is $90,800 to $169,200.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.