People Consulting - HR Actuarial Services - Health and Welfare Analyst - Senior

Here at EY, you’ll have the chance to build a truly exceptional experience. We’ll empower you with the latest technology, surround you with high-performing teams, and provide the global scale and diverse and inclusive culture you need to discover your full potential. Through our coaching and training programs, you’ll develop the skillsets you need to stay relevant today and, in the future, – all while building a network of colleagues, mentors, and leaders who will be on the journey with you at EY and beyond.

The opportunity

As a member of our People Consulting (PC) Health and Welfare (H&W) actuarial team, you'll be part of a dedicated group of professionals serving a diverse range of US and global clients. Our team is known for its technical acumen and deep service delivery experience, which sets EY apart in the industry. When you join as a PC Senior Analyst, you play a crucial role in our mission to create a better working world. You'll apply your knowledge and skills to help clients achieve their business goals, while also growing professionally and enjoying the rewards of delivering high-quality, impactful work.

Your key responsibilities

Prepare and review actuarial and financial analyses for health and welfare programs, including plan pricing, cost projections, budget and premium rate development, employee contribution modeling, claims experience analyses and incurred-but-not-reported (IBNR) reserve calculations, while delegating selected tasks to and beginning to review the work of junior staff

• Review the work of junior staff and prepare actuarial reports, client deliverables and specialist support for employee benefit plan analyses
• Support H&W plan strategy, design and cost management analyses, including funding arrangements, medical and pharmacy trend, cost sharing, benchmarking and the financial impact of alternative plan designs
• Support health and welfare vendor strategy, including carrier and administrator assessments, request-for-proposal processes, financial evaluations, implementation planning and ongoing vendor performance reviews
• Support H&W transaction workstreams, including pre-close due diligence, cost and liability assessments, Day 1 readiness, post-merger integration, benefit harmonization and employee impact analyses
• Take a practical approach to solving issues, communicating findings and gaining client agreement while collaborating effectively and promoting an inclusive working environment
• Encourage and facilitate collaboration amongst team members, and promote an inclusive working environment

Skills and attributes for success

Some key capabilities you should be prepared to bring to your projects include:

• Leads strategic project management efforts, balancing long-term goals with immediate deadlines
• Streamlines processes to enhance team efficiency and drive successful outcomes
• Excellent analytical, problem-solving, research and communication skills
• Willingness to build client relationships with established clients and align services with their expectations

To qualify for the role, you must have:

• A bachelor's degree with a concentration in Actuarial Science, Mathematics, or Statistics
• A minimum of three years of work experience
• Demonstrated progress towards an actuarial certification (Associate of the Society of Actuaries (ASA), Fellow of the Society of Actuaries (FSA) or Enrolled Actuary (EA) preferred), or a commensurate level of continuing education for non-actuarial area of focus
• Flexibility and willingness to travel as well as work in excess of standard hours when necessary
• Proficiency with more advanced features in Excel, Word, and PowerPoint
• Demonstrated experience performing or reviewing health and welfare actuarial analyses, including several of the following:
  • Medical, prescription drug, dental and other welfare plan pricing, forecasting, claims experience, trend, utilization, budget, employee contribution or IBNR analyses
  • H&W plan design, benchmarking, funding strategy, cost management, vendor selection or management, transaction due diligence, post-merger integration, or retiree medical and other postemployment benefit valuations

What we look for

We are looking for an H&W actuarial professional who is energized by varied, analytical and impactful work. You'll perform and review actuarial and financial analyses across active and retiree health programs, help employers evaluate plan design and funding strategies, support benefits transactions and integrations, and collaborate with colleagues across People Consulting, Assurance, Strategy and Transactions, and Tax. The successful candidate will combine technical curiosity and attention to detail with practical consulting skills, communicate findings clearly and build trusted relationships with clients and team members. 

What we offer you
At EY, we harness our collective strength to empower you to shape your future with confidence through professional growth, personal fulfillment and an inclusive culture. Learn more at ey.com/us/careers.

• The salary range for this job is:
  • New York City, Boston, and Washington DC Metro Areas, Washington State, and Southern California offices – $120,800 to $181,000
  • Bay Area California offices – $125,800 to $188,600
  • All other offices locations in the US, including Sacramento – $100,600 to $165,900
• Individual salaries within these ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography.  In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.

Are you ready to shape your future with confidence? Apply today.                                          

• To make the most of your application experience, please limit yourself to two applications within a six-month period.
• EY accepts applications for this position on an on-going basis.
• For those living in California, please click here for additional information.
• At EY, our values set the foundation for how we work and the behaviors we expect of our people.  Any misrepresentation or falsification of information or lack of integrity at any point in the recruiting process may result in withdrawal of your candidacy, revocation of an offer or immediate termination of employment.

EY  |  Building a better working world

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All in to shape the future with confidence.

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