at WTW in Chicago, Illinois, United States
Job Description
As a Vendor Placement Associate Director with a focus on Voluntary Benefits, you will significantly contribute to a client’s benefits strategy through managing and/or leading the entire vendor/carrier bid, procurement, and negotiation process. While the focus area will be voluntary benefits (e.g. supplemental medical, legal, identify theft), you will have opportunities to learn the full spectrum of employer health and group benefit programs including medical, dental, life, and disability. You will interface with vendors and client teams, prepare client deliverables, and ensure quality standards are met.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Role
+ Significantly contributes to clients’ benefits and funding strategies by leading the entire carrier/vendor bid, procurement, and negotiation process for medium/large-sized clients, partners with senior colleagues on highly complex clients
+ Has advanced experience across placement activities and processes
+ Demonstrates strong knowledge of emerging market trends
+ Understands clients’ needs and preferences; anticipates questions in advance and identifies solutions
+ Guides team (client, regional and Global Delivery Centers/GDCs) on deliverables based on client need
+ Leverages advanced knowledge of industry trends, available products/solutions and carrier/vendor differentiators to inform and influence clients’ placement strategies
+ Identifies opportunities to create tailored solutions for clients with complex service needs
+ Provides final or senior colleague excellence review on client deliverables in the placement process
+ Maintains/cultivates strong external relationships to enhance WTW’s market position
+ Provides guidance and leadership to more junior colleagues in delivery of placement work
+ Anticipates and identifies opportunities for placement operational efficiencies
The Requirements
+ 7+ years’ experience in professional services, ideally gained in a benefit consulting/brokerage firm or insurance vendor/carrier
+ Intermediate/advanced knowledge of voluntary benefits programs, including contracts and provisions
+ Intermediate/advanced knowledge of voluntary benefit vendor/carrier landscape
+ Proven ability to manage multiple projects simultaneously and produce quality deliverables on time and within budget
+ Strong client service orientation and ability to manage expectations and relationships both internally and with clients
+ Proven ability to identify and resolve issues with limited information and experience
+ Strong written and verbal communication skills
+ Self-starter attitude and ability to work independently and as part of a team
+ Strong analytical, creative and integrative skills
+ Ability to direct work of more junior colleagues and provide feedback
+ Excellent Microsoft Office skills, particularly in Excel and PowerPoint
+ State Life and Health license required within 90 days of joining
+ Relevant industry experience and/or bachelor’s degree in finance/math, risk management, human resources or business will be considered in lieu of industry experience
Compensation and Benefits
Compensation and benefits information for this position is being included in accordance with requirements of the Colorado Equal Pay for Equal Work Act. Please note that the salary range listed relate specifically to roles located in Colorado and that salary ranges for similar positions located in other WTW locations may vary. In addition, salaries may vary for different individuals in the same role based on several factors, including but not limited to individual competencies, education/professional certifications, experience and performance in the role.
Compensation
The base salary compensation range being offered for this role is $120,000- $130,000 USD per year.
This role is also eligible for an annual short-term incentive bonus.
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
+ Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
+ Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf)
+ Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).
EOE, including disability/vets (https://cdn-static.findly.com/wp-content/uploads/sites/1240/2021/06/14082050/EEO-Policies-for-WTW-Careers-site-2021.pdf)
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