Associate Vice President - Financial Benefits Analysis ( FBA )

Candidate expectation

• Candidate must have 10+ years of experience in the Health Insurance or Insurance broking industry, with a strong focus on Financial Benefits and Actuarial Analysis.
• Experience collaborating with Actuarial and Underwriting teams in a financial support capacity.
• Education: Bachelors or masters degree in a quantitative field such as Actuarial Science, Finance, Mathematics, Statistics, Economics, or Engineering.
• Experience in US Health Insurance or Group Insurance or Indian Health Insurance.
• In-depth knowledge of Employee Benefits, or Health Insurance concepts, and terminology.

Key Roles & Responsibilities:

• Good knowledge of R (Statistical Analysis) / Applied Statistics (advanced level)
• Exceptional analytical, critical thinking, and problem-solving skills with a solid understanding of probability and statistics.
• Proficiency in data manipulation and query languages (e.g., SQL, Python, Power BI) to process and analyze large datasets.
• Advanced skills in Microsoft Excel and PowerPoint for modeling, analysis, and presentation.
• Excellent written and verbal communication skills, with the ability to effectively explain technical concepts to non-technical audiences.
• Proven ability to manage multiple projects simultaneously and meet tight deadlines.
• Relevant professional designation or progress toward an actuarial designation (e.g., ACAS, FCAS) or finance/risk certification (e.g., CFA, FRM) is a plus.
• Lead the preparation and presentation of various financial monitoring reports like client financial status, expense tracking by product line, renewal projections, funding levels etc by the team in a timely manner with prescribed accuracy
• Maintain proficiency in proprietary models and tools to accurately calculate financial results.
• Analyze complex client data from carriers and provide actionable recommendations to Client Servicing teams.
• Prepare and analyze various client deliverables as defined by the Consulting team's scope of services.
• Assist in preparing financial impact assessments of changes in underwriting strategy, model changes, and regulatory requirements.
• Demonstrate critical thinking by assessing whether analyses are logical and coherent.
• Reporting and Communication:
• Develop clear, concise, and professional reports and presentations that translate complex financial analyses into digestible insights for senior management, Financial Benefits Consultants, Actuaries, Underwriters, and other business partners.
• Present results of analyses and recommendations to internal committees and potentially external stakeholders (e.g., Clients, Insurers, Auditors).
• Spearhead the development and maintenance of automated tools and reports to improve the efficiency and accuracy of cat modeling and financial analysis processes.
• Leadership and Mentorship:
• Serve as a subject matter expert on FBA methodologies, financial risk quantification, and their application within the company.
• Mentor and guide junior analysts on technical skills, model best practices, and financial reporting standards.
• Lead project-based initiatives focused on enhancing risk analytics capabilities and process improvement. Flexibility with shifts as per client requirement

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