Financial Analyst
New York City, New York, United States of America
Finance and Accounting
2501AJ
Financial Analyst
New York City, New York, United States of America
Finance and Accounting
2501AJ
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Hartford, Philadelphia, Washington DC
Business unit
Northeast Series
Salary
$60,000-$68,000
Schedule
Full-time
Lockton Benefits Offerings
Click Here
Workplace
Hybrid
Your Responsibilities
Position Objective:
Lockton is currently seeking a Financial Analyst who can help support business decision-making by gathering, analyzing, and interpreting financial data. This Analyst will handle a diverse range of underwriting responsibilities in support of producers, consultants and client teams associated with all Health & Welfare product offerings. The most successful candidate will be results-oriented, possesses strong analytical skills, enjoys a collaborative environment, and brings a “service-first” mentality.
Core Responsibilities:
- 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
- Coordinate renewal processes with Lockton COEs (Stop Loss Unit) and other internal series resources (RX, Actuarial)
- Relationship building with underwriting
- 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
- Provide and facilitate associate training on all components of financials
- 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
General Responsibilities:
- Make a positive contribution to customer satisfaction and constantly strive to improve service to the customer
- Communicate in a positive manner to contribute to a cohesive, pleasant work environment
- Protect the confidentiality of information learned by performing the duties of the position
- Comply with Lockton procedures and policies
- Attend company, department, and staff meetings as required
- Attend position related seminars/classes as required
- Responsible for regular and punctual attendance
- Perform other work-related duties as assigned
Qualifications
- Bachelor’s degree in a business-related program with a preference for degrees in math, statistics, or finance required
- 2+ years of experience in the health insurance underwriting or employee benefits arena preferred
- 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
- Ability to travel
- Legally able to work in the United States and will not require sponsorship, now or in the future
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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