Principal, Health & Benefits

Principal, Health & Benefits – Level H – Detroit

• Leads complex client engagements, including managing overall service delivery, strategy, financial evaluations, plan design, renewal, business placement, benchmarking and other studies.
• Manages development of sophisticated benefits design and renewal strategies and drives the development of tools and solutions to address complex client issues.
• Determines the full scope of services provided to the client and sets roles/responsibilities within the client team.
• Is accountable for revenue/profitability for client accounts and projects.
• Generates sales by expanding revenues from existing clients and by leading prospecting efforts with new clients.
• Sets strategic direction and creates demand for new products/services in the marketplace and leads successful regional or national marketing initiatives.
• Leverages company's size and reputation to negotiate highly competitive rates and coverage options from carriers and vendors.
• Delegates effectively to provide developmental opportunities to team members. Provides mentoring and coaching to direct reports and project team members.

REQUIREMENTS:

• BA/BA degree; Master’s degree a plus
• 15+ years’ experience in identifying, designing, recommending and implementing efficient, innovative business solutions to clients' complex benefits challenges, particularly healthcare; or equivalent experience
• Analytical and mathematical skills, strategic planning, problem solving, communication, and listening skills
• Strong organizational and project management skills with the ability to prioritize and handle multiple and complex tasks
• Completion of continuing education to maintain credentials as required for State health and life insurances license(s); or commitment to doing so

Job Description

• Provides vendor, contract, and/or administrative analysis
• Responds to ad-hoc client requests pertaining to administrative and operations issues.
• Supports financial analysis and review in partnership with actuaries to support budget projections, funding rates, vendor renewal reviews, reserve calculations, etc.
• Contributes as a member of the consulting team in developing benefits and/or human resource strategy; and ensures plan and program changes are properly implemented embody client’s strategy
• Interprets and presents benchmark data to client
• Demonstrates project management skills, manages the quality and timeliness of deliverables, and delegates to and reviews project work of junior colleagues
• Accesses and manages internal specialty resources (e.g., pharmacy; voluntary benefits; life, accident, and disability, stop-loss, etc.) ensuring client deliverables meet client’s goals and deadlines
• Assists with the preparation, completion of peer review process, and delivery of clear and concise client consulting deliverables (e.g., emails, letter reports, PowerPoint presentations, etc.)
• Oversees production of clients’ healthcare dashboards and claim and utilization reports
• Ensures compliance with professional standards including use of templates, client calendar, peer review, and transparency
• Establishes necessary vendor relationships with appropriate contacts to serve clients in handling all administration (eligibility, claims, billing, plan implementation, contracts, plan changes and necessary amendments)

At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We’re in the business of creating more secure and rewarding futures for our clients and their employees — whether we’re designing affordable health plans, assuring income for retirement or aligning workers with workforce needs. Using analysis and insights as catalysts for change, we anticipate and understand the individual impact of business decisions, now and in the future. We see people’s current and future needs through a lens of innovation, and our holistic view, specialized expertise, and deep analytical rigor underpin each and every idea and solution we offer. For more than 70 years, we’ve turned our insights into actions, enabling people around the globe to live, work, and retire well. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. At Mercer, we say we Make Tomorrow, Today. Visit www.mercer.com for more information and follow us on LinkedIn and Twitter @Mercer

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://www.mmc.com/.  We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity.

Mercer LLC and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).

Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.