Senior Retiree Health Care Actuary
Aon Hewitt - Illinois

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036837

Full-time

Illinois

Actuarial

Description

Senior Retiree Health Care Actuary

Aon Hewitt Navigators

http://www.senioreducators.com

/

Location:
Opportunity to work remotely or in/near any Aon/Aon Hewitt office

Background

The Aon Hewitt Health & Benefits Practice is looking to hire a Vice President level actuary to support key retiree health care consulting and sales needs.

This person would be the lead senior health care actuary responsible for supporting the Aon Hewitt Navigators sales strategy, and serve in a variety of internal and external consulting roles to support this overall sales need.

Moving retirees from a traditional employer-sponsored group health care strategy to an exchange-based individual purchasing model can be a complex decision, as there are a variety of qualitative and quantitative themes to understand and address before a decision to proceed can be made. Employers will need to understand not only the cash financial opportunity driven by the efficiencies in the individual retiree health care market, but also the impact on its retiree welfare accounting costs and liabilities (FAS 106 / GASB 45 / ASC 715). They will need to understand the impact on the retiree benefit experience and on retirees’ health care costs and exposures. Moving its retirees to an individual purchasing model is not just an administrative decision, but also represents a significant change in the employer’s retiree health care strategy and philosophy that requires the same level of consulting support as any other change in strategy of this magnitude.

As such, Aon Hewitt has identified the need for an experienced and dedicated health care actuarial resource to support consulting needs and aggressive sales goals for 2013+ implementations. The actuarial resource is needed to provide retiree health care strategy consulting support to sales prospects, and to manage, deliver, and explain the financial opportunity modeling, in support of the broader Aon Hewitt Navigators sales strategy.

Role Description

Perform advanced retiree health care strategy and design consulting to include the following:

Consult with companies on the retiree strategy and design implications of health care reform

Discuss the merits of an individual market strategy relative to traditional group program benefit sourcing

Lead actuarial and financial assessments of the premium and out-of-pocket cost impacts of moving from group-based retiree health care options to individual options

Assist clients and prospects in developing HRA-based subsidy strategies to transition from a group-based sourcing strategy to an individual-based sourcing strategy which meets company financial objectives and retiree benefit commitments

Work with the prospect’s retiree welfare valuation actuary to understand the accounting implications of various defined contribution subsidy strategies associated with the move to individual market-based benefit sourcing

Participate with other senior level sales colleagues to present the analysis described above to colleagues and prospective clients

Work closely with the broader Aon Hewitt Retiree Health Care Sub-Practice to leverage materials, models, expertise, sales strategies, etc. across the broader Aon Hewitt Health & Benefits practice

Provide leadership on targeted clients/prospects focusing on broader business objectives

Exhibit leadership in business judgment in anticipating client/project needs and developing alternative solutions

Analyze scoping needs

Take ownership of outcomes

Delegate responsibilities effectively; coach and mentor team members

Build relationships with clients

Understand clients' business needs

Build relationships with Account Executives (AE), Sales & Accounts colleagues, and team leads from other practices

Develop business plan and integrated work plan with Aon Hewitt HRO (benefits administration)

Lead/facilitate complex client meetings to measurable results

Form effective teams, share client background and goals, measure results, share ideas, identify process improvements, provide timely and regular coaching and feedback to team members

Actively engage in peer review: have documents reviewed before going to client and review others

Additional formal or informal responsibilities include:
People management or mentoring

Business development results

Workflow management--staffing planning

Lead training sessions/courses

Technical expertise

Understanding of Aon Hewitt business and direction

Qualifications

Qualifications:
College degree (or equivalent experience)

Candidate must have an FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation.

5 + years of industry experience (carrier or consulting)

Work Experience

Project management experience

People management experience or equivalent skills

Presentation/communication skills

Broad business knowledge/perspective

Team building skills

Retiree health care experience (5+years)

Business development experience preferred

The position requires an applicant who has accepted an offer to undergo a background check. The checks run are based on the nature of the position. Background checks may include some or all of the following: SSN/SIN validation, education verification, employment verification, criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. By applying for a position with Aon Hewitt, you understand that you will be required to undergo a background check should you be made an offer. You also understand that the offer is contingent upon successful completion of the background check and results consistent with Aon Hewitt's employment policies. You will be notified during the hiring process which checks are required by the position.

Aon Hewitt is an Equal Opportunity Employer Committed to Diversity, M/F/D/V

About Aon Hewitt Navigators

Aon Hewitt Navigators Insurance Services Inc., one of the nation's trusted advisors in navigating Medicare, provides expert, independent assistance to Medicare recipients who expect and deserve high quality individual health insurance at an affordable price. Aon Hewitt Navigators presents complex health insurance information in an unbiased, objective manner via its internet site and trained and licensed insurance professionals.

Licensed as an entity or through its designated producer to market insurance in all 50 states and the District of Columbia, Aon Hewitt Navigators is a multi-carrier health insurance exchange which has formed partnerships with more than 60 Medicare insurance companies, offering thousands of plan options.

Aon Hewitt Navigators is a Aon Hewitt company domiciled in California. Aon Hewitt Navigators and Aon Hewitt Navigators Insurance Services Inc. are trademarks of Aon Corporation. Aon Hewitt Navigators is not part of, nor affiliated with, the Centers for Medicare & Medicaid Services.

About Aon Hewitt

Aon Hewitt is the global leader in human capital consulting and outsourcing solutions. The company partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit

http://www.aonhewitt.com/

.

About Aon

Aon plc (NYSE: AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.

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