The Hilb Group

Strategy Consulting Senior Associate

$200,000-$220,000/yrFull-time · Canton MA
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Senior · 7+ yrs exp

Requirements

Education: Bachelor's degree or related field

Experience: 7+ years

Skills & tools

Risk AppetiteMarketingManagementApp Store ManagementContract Terms NegotiationAdministrativeEmerging Risk AssessmentCommunications
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Full job description

Responsibilities:
  • Develop and execute comprehensive, multiyear benefit strategies for large and complex clients based on organizational goals, workforce needs, financial objectives, industry considerations, and risk tolerance.
  • Own and manage the client Roadmap, establishing the annual planning calendar and coordinating all activities throughout the stewardship, pre-renewal, marketing, renewal, open enrollment, implementation, and post-renewal cycle.
  • Lead client strategy discussions and provide recommendations related to funding arrangements, plan design, contribution strategy, employee engagement, vendor solutions, compliance, and cost management.
  • Manage the annual renewal and marketing process, including setting strategy, preparing requests for proposals, analyzing proposals, negotiating with carriers and vendors, and presenting recommendations to clients.
  • Provide strategic consulting for self-funded and complex funding arrangements, including ASO contract terms, administrative fees, network access, discounts, disruption, provider availability, and total cost of care.
  • Lead provider network analyses to assess geographic access, employee disruption, network strength, utilization patterns, negotiated discounts, and the potential financial and member impact of network changes.
  • Evaluate pharmacy benefit strategies, including integrated and carved-out pharmacy arrangements, PBM contracting, rebate guarantees, formulary management, specialty pharmacy programs, utilization management, and contract terms.
  • Advise clients on complex leave and disability programs, including the coordination of federal, state, local, employer-sponsored, and carrier-administered leave benefits.
  • Review ancillary benefit contracts and identify provisions that may affect eligibility, coverage, claims, administration, and financial outcomes.
  • Apply industry-specific knowledge to evaluate benefit program needs, contract language, workforce considerations, compliance obligations, and specialized plan requirements.
  • Lead stop-loss placement and ongoing management, including evaluation of specific and aggregate deductibles, contract basis, lasers, exclusions, aggregating specific provisions, renewal terms, and carrier capabilities.
  • Monitor stop-loss performance throughout the plan year, including large claimant activity, reimbursement status, pended or denied claims, disclosure requirements, and potential renewal exposure.
  • Review utilization, claims, pharmacy, financial, and large claimant reporting to identify trends, emerging risks, cost drivers, and opportunities for intervention.
  • Translate complex financial and clinical data into clear, actionable recommendations for clients and internal teams.
  • Partner with Producers to lead client meetings, executive presentations, finalist meetings, and the onboarding of new clients.
  • Serve as the primary strategic contact and escalation point for assigned clients, coordinating internal and external resources to resolve complex service, claims, contractual, and administrative issues.
  • Build and maintain strong relationships with client executives, Human Resources leaders, finance teams, benefit administrators, carriers, TPAs, PBMs, stop-loss carriers, and other vendor partners.
  • Partner with carriers and vendors to improve plan performance, participant outcomes, service delivery, and compliance with plan guidelines and contractual requirements.
  • Provide direction on client messaging strategy and review employee benefit communications, enrollment materials, decision-support tools, and other client-facing content.
  • Oversee the implementation of benefit program changes, new vendors, funding arrangements, and administrative solutions.
  • Advise clients on applicable benefit compliance requirements and coordinate with internal compliance resources on matters including ACA reporting, PCORI fees, ERISA requirements, DOL audits, and other regulatory obligations.
  • Maintain current knowledge of market trends, benchmarking, legislation, compliance requirements, analytics, emerging vendor solutions, and industry developments.
  • Provide guidance, technical support, and training to Consultants, Account Managers, Client Care Specialists, and other client service team members.
  • Mentor junior consulting staff and support their professional development, client management skills, and technical knowledge.
  • Delegate responsibilities appropriately and provide clear expectations, oversight, and feedback to ensure timely and accurate completion of client deliverables.
  • Document meeting outcomes, recommendations, decisions, and required follow-up after renewal and other significant client meetings.
  • Participate in market meetings, client functions, industry seminars, and professional development programs as needed.
  • Perform additional duties and strategic projects as assigned.
  • Travel as needed, including occasional overnight travel.
  • Conduct meetings outside standard business hours when reasonably required by client needs.
Qualifications:
  • Education: Bachelor’s degree in business, finance, healthcare administration, human resources, or a related field preferred.
  • Certification: L&H license
  • Seven or more years of employee benefits experience within a brokerage, consulting, carrier, TPA, PBM, or related environment.
  • Demonstrated experience managing large, complex, and preferably self-funded clients.
  • Strong knowledge of self-funded medical plans, ASO arrangements, provider networks, pharmacy benefits, ancillary benefits, stop-loss coverage, and complex leave programs.
  • Experience leading benefit renewals, carrier and vendor marketing, financial analysis, contract review, negotiation, and implementation.
  • Ability to interpret complex carrier, ASO, PBM, stop-loss, and ancillary contract language and explain its financial and operational implications to clients.
  • Strong understanding of the unique benefit needs and contractual considerations associated with specialized industries and diverse employee populations.
  • Proven ability to develop strategic recommendations using claims, utilization, financial, pharmacy, network, and benchmarking data.
  • Strong project management skills, including the ability to establish timelines, coordinate multiple stakeholders, manage competing priorities, and execute deliverables accurately and on schedule.
  • Proven ability to manage multiple complex client relationships in a fast-paced environment.
  • Strong leadership and mentoring skills with the ability to guide and develop junior team members.
  • Excellent written, verbal, presentation, negotiation, and interpersonal communication skills.
  • Strong judgment, resourcefulness, attention to detail, and problem-solving ability.
  • Ability to work independently, make sound decisions, and perform effectively under pressure.
  • Ability to collaborate effectively as both a team member and a team leader.
  • Advanced proficiency in Microsoft Office applications, particularly Excel, PowerPoint, Outlook, and Teams.
Benefits:
  • Compensation: $200,000-$220,000/yr.
  • Company Paid Life Insurance, Long-Term and Short-Term Disability.
  • Medical, Dental, Vision and FSA/HSA plans.
  • 401(k) with company match.
  • Additional voluntary benefits including Critical Illness, Accident Insurance, Hospital Indemnity and Supplemental Life Insurance, Legal and Identity Protection, and Pet benefits.
  • Generous PTO.
  • An awesome team of professionals!

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This posting was published by The Hilb Group on their own careers system and is shown here with a direct link to apply there. Employers: for corrections or removal, contact jobs@veritahire.com.