Willis Towers Watson Placement Specialist in Addison, Texas

Placement Specialist

Date Posted: June 12, 2018

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JOB DESCRIPTION

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 https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf .

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 Willis Towers Watson. Willis Towers Watson is an equal opportunity employer.

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Not ready to Apply? at https://willistowerswatson.avature.net/WTWTalentNetwork

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JOB SNAPSHOT

  • Location:Addison, TX, USHouston, TX

  • Date Posted:June 12, 2018