Actuarial Skills, Analysis Skills, Benchmarking, Best Practices, Communication Skills, Compensation and Benefits, Customer Experience, Customer Support/Service, Customer/Client Research, Data Quality, Financial Modeling, Financial Reporting, Financial Trend Analysis, Health Plan, Healthcare, Insurance, Prescription Drugs, Reconciliation, Regulations, Spreadsheets, Team Player, Trend Analysis
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES
- Work collaboratively with client service and actuarial/financial teams to collect, validate, and reconcile data for accuracy and consistency.
- Integrate data from multiple sources into actuarial and financial client reports and deliverables.
- Prepare routine financial and actuarial reports for self‑funded clients including ongoing claim reporting, rate setting, contribution development and plan design modeling; partner with client service teams to review findings and trends.
- Assist in delivery of comprehensive financial reporting and insights to clients related to their health benefit plans.
- Build and maintain basic to moderately complex actuarial models to analyze, illustrate, and project medical/Rx loss trends and client plan performance.
- Prepare spreadsheets, graphs, charts, and other visualization tools to clearly communicate healthcare-related insights to clients.
- Utilize actuarial and financial modeling tools to estimate the potential impact of health plan design changes, regulatory changes, and health reform on client costs.
- Support development of health plan reserve estimates for self-funded clients.
- Produce custom analytics and reporting for unique client requests, leveraging actuarial and benchmark data where appropriate.
- Serve as a developing Subject Matter Expert on financial and actuarial reporting, building expertise over time.
- Learn and apply internal systems, tools, and modeling platforms to improve efficiency and analytical accuracy.
- Stay current on insurance/benefits industry developments, emerging trends, and actuarial best practices.
- Contribute to a positive client experience through accuracy, responsiveness, and clear communication.
- Participate in internal team meetings and trainings, including actuarial skill development sessions.
- Perform other responsibilities as assigned.
Compensation and Benefits
Lockton Companies LLC is committed to offering competitive pay and benefits and complies with all relevant state/local pay transparency laws. The entry base salary offered for this opportunity may vary, and is contingent upon candidate education, skills, abilities, essential competencies, experience, professional designations, unique qualifications, and geographic location.
Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate.
Check out Lockton Benefits Offerings Here