Associate Consultant, Stop Loss Carrier Consulting

Lockton is a global professional services firm with a team of over 10,500 Associates, dedicated to helping clients safeguard their people, assets, and reputations. Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 9th largest overall. For fifteen consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance."  

Fueled by our success and expanding business opportunities, we are seeking an Associate Consultant to join our growing Stop Loss Carrier Consulting team. This team is dedicated to evaluating, supporting, and enhancing the services available to our Stop Loss Carrier Partners, with a focus on delivering innovative solutions, strengthening market competitiveness, and creating long-term value for both carriers and employer clients.  

The Associate Consultant will provide analytical and operational support to senior consultants and carrier partners. This role is ideal for a professional with a foundation in employee benefits and/or healthcare/insurance and is eager to deepen their expertise in the stop loss market.

KEY RESPONSIBILITIES
Unlocking Market Insights
•    Review and analyze current and historical stop loss carrier data (book of business, marketing results, renewal activity) to identify trends and market opportunities.
•    Conduct competitive and market research on carrier products, pricing, and distribution strategies.
•    Assist in preparing carrier consulting deliverables, including market experience reports, purchasing insights, and competitive positioning analyses.

Collaborating with Carrier Partners
•    Prepare materials for regular carrier partner meetings, including performance updates, strategic initiatives, and market intelligence.
•    Support documentation of carrier goals, priorities, and follow-up items to ensure alignment across teams.
•    Participate in calls with carrier partners alongside senior consultants, tracking and executing action items.

Shaping Operational Strategy
•    Evaluate carrier product offerings, services, operational processes (distribution, underwriting, claims, clinical engagement, client delivery), and competitive capabilities to identify opportunities for improvement.
•    Conduct research on emerging industry trends (e.g., high-cost claim conditions, stop loss pricing innovations, carve-in/out programs).

Telling the Story with Data
•    Compile reports and carrier insights to develop PowerPoint presentations for internal and external use, ensuring data accuracy, clarity, and strategic storytelling.
•    Collaborate with senior consultants to translate analytical findings into actionable insights for carrier partners.

Teaming Up for Success
•    Work closely with Stop Loss Carrier Consulting senior team members, data analysts, clinical consulting, and other specialty practices to deliver integrated insights.
•    Contribute to special projects such as new carrier onboarding, product development support, and technology integrations.

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WHAT WE’RE LOOKING FOR
•    Bachelor’s Degree in Business or related field and/or equivalent professional years of experience. 
•    3-5 years of experience in healthcare insurance, employee benefits, underwriting, or consulting; exposure to stop loss insurance required.
•    Strong analytical and problem-solving skills with the ability to interpret large datasets and market intelligence.
•    Excellent written and verbal communication skills; able to contribute to client-facing reports and presentations.
•    High attention to detail and ability to perform in a fast-paced, team-oriented environment.
•    Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word); familiarity with data visualization and automation tools (e.g., Power BI, Alteryx Designer) preferred. 
•    Ability to work independently, prioritize, organize, and deliver results with a strong sense of urgency in a deadline-driven environment.
•    Legal right to work in the United States.

Lockton Companies LLC is proud to provide everyone an equal opportunity to grow and advance. We strive to cultivate an environment that learns from, celebrates, and thrives because of our breadth of differences. We are committed to fostering a culture where every member of the Lockton family feels valued and accepted as they are and safe to bring their authentic selves to work every single day. At the end of the day, our mission is to ensure that our family can be anyone’s family.