Associate Financial Analyst at Lockton Companies

Associate Financial Analyst

Lockton Companies

St. Louis, MO

Full Time

Job Description

Position Objective

Handle a diverse range of analytical responsibilities in support of client teams associated with all H&W product offerings.

Essential Duties

Review claims experience reports to ensure accuracy and consistency for client presentation.
Develop claims projections using various sources of information for client presentation.
Complete and present complex financial projects; such as Monte Carlo simulations.
Model various plan designs and value plan changes.
Review renewals, prepare renewal and budget reports, and assist in renewal negotiations.
Track and report on cost savings accomplishments of all renewal negotiations, by client and carrier.
Develop comprehensive health insurance underwriting knowledge including strategic approaches to health care cost management.
Relationship building with the financial analytic and client teams.
Track historical data of carrier underwriting and track loss ratios by client.
Attend meetings with client and team members to present projection/renewal results, as needed.
Act as a Facilitator between teams to create consistencies amongst the various reports and processes being monitored.
Assist teams with financial analytics related to emerging and changing regulatory issues.
Assist with report preparation for prospect opportunities.
Assist with analysis related to M&A activities including financial due diligence, harmonization, and proforma budget development for both existing clients and prospects.
Perform special projects as necessary.

Requirements

Bachelor's degree in a business-related program or equivalent education and/or experience, with an emphasis in math, statistics, or finance required.
Must have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making.
High skill in using computer application software for financial modeling, statistical analysis, and spreadsheet calculations required.
Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required. Must be results-oriented, with the ability to change priorities as needed.
Must have above-average verbal, written, and interpersonal skills to interact with Associates at all levels of responsibility, and with Lockton clients and prospects, with tact and diplomacy.
Willingness and ability to expand knowledge and effectiveness in the benefits industry by successful completion of benefits-related courses required.
Must have the ability to work independently under the supervision or guidance of others.
A working knowledge of welfare benefits with a basic understanding of risk and insurance concepts is preferred.

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