Senior Associate, Health and Benefits - Singapore - WTW

WTW

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

beBee Recruiter

The Role
**Overview of the role

Client Servicing**:
Responsible for managing customer relationships in the area of health & benefits
Define the scope of the methodology and proposal preparation and consulting contracts.
Project management of clients, guaranteeing delivery on time, within budget and with high quality
Manage H&B vendor renewals and negotiations
Design efficient plan designs and funding arrangements that fit client's needs
Provide claims analysis reports, including loss ratio, frequency of the use, member profile, etc.
Provide annual benchmarking comparison relating to H&B clients
Internal system updates relate to benefits matters
Analysis about the advantages and disadvantages of the plan funding model (insured or

self-insured); development of performance indicators for monitoring resultsWillis Towers Watson Health & Benefits (SG ) Pte. Ltd.

Legislative updates: communicate Human Resources team any changes in local laws related to group life insurance, medical and dental benefits; and potential direct and/or indirect impacts on the company's current benefits programs

Advisory for GBM clients:

Responsible for managing client relationships in the area of benefits advisory and wellness leading to the generation of new business to successfully meet financial targets.
Responsible of ensuring all GBM clients are represented within WTW's Benefits Data Source (Benchmarking data).
Develop efficient plan designs and funding arrangements that fit client goals
Working within a benefits optimisation framework to maximise the value of benefits whilst maintaining cost sustainability. This includes leading executive interviews and running employee benefit surveys and focus groups with employees
The analysis of cost claims and utilization data to provide meaningful insights on trends, opportunities and risks.
The design (and redesign) of flexible benefit and voluntary benefit programs to meet the diverse needs of our clients' workforce.

The Requirements

Minimum of 8 years experience in a Health & Benefits consulting or brokerage role, or from a C&B function in industry.
Excellent ability to communicate effectively with a strong focus on customer service
Good oral and written communication skills
Deep knowledge of the Singapore vendor marketplace
Technical proficiency in Singaporean employee benefits
Broad understanding of compliance issues related to local legislation
Proficiency in Microsoft Office (especially Excel and Word);
Proficiency in English language

Competencies