Health & Benefits Financial Consultant - Irvine, United States - Mercer

Description

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We're in the business of creating exciting and rewarding futures for our clients and their employees — whether we're designing affordable health plans, securing finances for retirement or aligning employees with workforce strategy. Capitalizing on analysis and insights as catalysts for change, we anticipate and understand the impact of business decisions, now and in the future. Our holistic view and deep expertise allow us to see client's current and future needs through a lens of innovation and impact and every idea and solution we offer.

Health & Benefits Financial Consultant

What can you expect?

• Strong project management skills who work independently and has excellent client communication & management skills
• Participates as a member of the consulting team in developing overall client health and non-health employee benefits plan strategies
• Supports senior consultants in managing client accounts, researching, analyzing, and evaluating health and non-health employee benefits plans and programs.

What is in it for you?

• We are the global leader in the human resources consulting
• As part of Mercer, we offer top-notch benefits: multiple medical, dental, and vision plans with choices to fit all needs and budgets - benefits coverage starting Day 1
• In addition, Mercer has other benefits and discounts on products and services, and more

We will count on you to:

• Completes financial projects for our clients including underwriting, forecasting, incurred, but not paid analysis and other financial/data driven projects for current clients as well as support and participation in bidding for prospective clients.
• Supports design and implement financial strategy and planning including impact of plan design changes, contribution scenarios, network changes, stop loss terms and various funding arrangements
• Contributes as a member of the consulting team in developing overall client strategy bridging the financial and non-financial work streams ensuring programs changes are properly incorporated and reflect the overall strategy
• Reviews project work of more junior colleagues and prepares that work for more senior colleagues to review including documentation of data used, assumptions made, methodology followed, and plan design assumed
• Ensures proper peer review, appropriate use of models, clear and concise documentation of results, and adherence to professional standards.
• Specialize and expand skillset through participation in Mercer centers of excellence including pharmacy, life, accident and disability, stop loss and our private exchange

What you need to have?

• BA/BS or equivalent experience
• Relevant prior financial work experience, preferably in healthcare underwriting
• At least two years of industry related experience
• Ability to prioritize and handle multiple tasks in a demanding work environment.
• Knowledge of MS Office Tools (Excel, PowerPoint).

What makes you stand out?

• Ability to partner and lead teams to deliver project objectives; ability to work independently and on a team.
• Capable of performing data analysis (example includes but is not limited to review claims and utilization data and look for trends and patterns); may involve use of the underwriting model to develop self-funded claims projections, rate setting and employee cost sharing.
• Excellent interpersonal skills; strong oral and written communication skills.

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer's approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy, and people, with more than 85,000 colleagues and annual revenue of over $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit Follow Mercer on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections, and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.

The applicable base salary range for this role is $62,600 to $125,300.

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.