Senior Benefits Consultant- Benefits Finance

Overview

This role provides financial leadership and oversight for health and welfare benefits programs. You will develop cost analyses and forecasts, monitor financial performance, and analyze key cost drivers by working with external actuaries, benefit vendors, consultants, and internal Finance partners.

Responsibilities include translating complex healthcare, actuarial, vendor, and financial data into insights that support cost planning, program decisions, and longer-term benefits planning for US and international benefits (including financial information collation and review).

Responsibilities

Financial Management and Reporting

• Monitor benefits program financial performance against forecasts and financial plans.
• Analyze monthly and quarterly results and identify primary drivers of variances.
• Prepare clear financial analyses, summaries, and presentations for Benefits, Finance, and other stakeholders.

Finance Partnership

• Act as the primary liaison between the Benefits organization and Corporate Finance teams, including FP&A, Accounting, Controllers, Treasury, and Procurement.
• Support monthly and quarterly close activities, including accruals, forecasting updates, and cost and spend submissions.
• Coordinate financial reviews to help ensure benefit program costs are accurately represented in enterprise financial plans.
• Partner with Finance teams to strengthen benefits-related reporting processes and internal controls.

Vendor and Actuarial Financial Management

• Manage financial relationships with external actuarial firms, consultants, TPAs, and benefit vendors to support forecasting, reserve calculations, funding requirements, and financial reporting.
• Review actuarial assumptions, vendor financial performance, guarantees, invoices, funding requirements, stop-loss recoveries, and contractual financial obligations to ensure accuracy and accountability.
• Monitor vendor financial performance and identify discrepancies, risks, or areas requiring further review.
• Provide internal financial analysis on vendor contracts and support risk-mitigating arrangements (e.g., stop loss) across the benefits program.

Financial Governance and Regulatory Compliance

• Support benefits-related audits, regulatory filings, and financial reporting requirements, including Form 5500 financial information.
• Assist with internal controls and financial governance related to benefit funding and vendor payments.

Strategic Planning, Data Analytics, and Decision Support

• Support program managers and long-term benefits strategy through financial modeling; assess financial impact of emerging trends and identify opportunities to improve cost management.
• Develop financial models and analyses evaluating healthcare and pharmacy cost trends, vendor performance, funding strategies, and benefit plan changes; produce executive presentations and recommendations supporting strategic investment decisions.
• Review healthcare, pharmacy, utilization, vendor, and other relevant data to identify cost trends and emerging financial risks.

Qualifications

• 10+ years of relevant experience in benefits finance, healthcare finance, actuarial, or benefits consulting supporting employee benefit programs.
• Experience with financial analysis, forecasting, budgeting, variance analysis, and long-range planning.
• Understanding of healthcare and pharmacy cost drivers, benefit funding arrangements, and vendor financial management.
• Experience working with external actuaries, consultants, third-party administrators, and benefit vendors.
• Ability to review actuarial assumptions, funding requirements, vendor guarantees, invoices, stop-loss arrangements, and other financial obligations.
• Strong financial modeling, analytical, and problem-solving skills.
• Ability to interpret complex financial and healthcare data and communicate findings clearly to key stakeholders.
• Strong Excel skills and experience working with financial planning, reporting, or enterprise finance systems.
• Ability to manage multiple priorities and work effectively with multiple internal and external partner teams.

Preferred Qualifications

• Experience supporting benefits finance for a large or complex employer, or experience within a benefits, healthcare, or actuarial consulting organization including analyzing healthcare, pharmacy, vendor, or benefit plan data.
• Experience in a healthcare consulting or actuarial consulting firm or managing benefits finance for a large, complex employer.
• Strong knowledge of U.S. employee benefits regulations and reporting requirements, including ERISA and Form 5500.
• A relevant advanced degree or professional qualification, actuarial credentials, or equivalent experience may be beneficial but is not required.

Compensation & Benefits

United States

• Hiring Range: $114,600 - $234,600 per year (USD).
• May be eligible for bonus, equity, and compensation deferral.

Range and benefit information is specific to the stated locations only.

Benefits package may include:

• Medical, dental, and vision insurance (including expert medical opinion)
• Short-term and long-term disability
• Life insurance and AD&D
• Supplemental life insurance (Employee/Spouse/Child)
• Health care and dependent care Flexible Spending Accounts
• Pre-tax commuter and parking benefits
• 401(k) Savings and Investment Plan with company match
• Paid time off: Flexible Vacation for eligible salaried (non-overtime eligible) positions; accrued Vacation for other eligible employees. For employees working at least 35 hours/week: 13 days annually for first three years, 18 days annually for subsequent years. Vacation accrual prorated for 20–34 hours/week. Employees working fewer than 20 hours/week are not eligible.
• 11 paid holidays
• Paid sick leave: 72 hours upon date of hire, refreshes each calendar year; unused balance carries over up to a maximum cap of 112 hours
• Paid parental leave
• Adoption assistance
• Employee Stock Purchase Plan
• Financial planning and group legal
• Voluntary benefits including auto, homeowner and pet insurance

Location

• United States (US)

Additional Information

• Certain U.S.-based or U.S. customer or client-facing roles may be required to comply with applicable requirements, such as immunization/occupational health mandates, and/or drug testing requirements.
• Applications are generally accepted for at least three calendar days from the posting date or as long as the job remains posted.
• Career Level: IC5