Consultant, Employee Health & Benefits, Private Equity
At a glance
Mid-level Investment & Corporate Development role at Mmc. Boston · full-time · $92,400–$172,100 base.
financeroles summary, based on the employer's posting.
What you'll do
- Advise private equity-owned clients on health and welfare plans, finding coverage gaps and recommending options tied to their goals
- Run client relationships, negotiate with carriers when needed, and coordinate renewals, implementations, and follow-up work
- Build benefits strategies and project plans, including client presentations and participation in RFP reviews
- Analyze plan benchmarks and survey results, then turn validated findings into clear client recommendations
- Guide Associate Consultants and improve team service through coaching and internal initiatives
What you bring
- At least ten years in insurance, with broad knowledge of benefit plan design, pricing, funding choices, and compliance
- A bachelor’s degree; a master’s degree is preferred
- A Life Accident & Health license, or readiness to earn one within three months of starting
- Advanced Microsoft Office skills, plus strong presentation and writing ability
Who this fits
This role suits an experienced benefits consultant who can advise clients, build trusted relationships, and guide junior colleagues. The position is hybrid in Boston and includes client-site travel up to twenty percent of the time, with advance notice when possible. CEBS or another recognized industry designation is preferred.
From the employer
Company:
Marsh McLennan AgencyDescription:
Our not-so-secret sauce.
Award-winning, inclusive, Top Workplace culture doesn’t happen overnight. It’s a result of hard work by extraordinary people. The industry’s brightest talent drives our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can make your mark as a Consultant within our Employee Health & Benefits team here at MMA.
Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With offices across North America, we combine the personalized service model of a local consultant with the global resources of the world’s leading professional services firm, Marsh McLennan (NYSE: MRSH).
A day in the life.
As a Consultant on the Private Equity team at Marsh McLennan Agency will be relied upon for insight and broad knowledge of health and welfare plans. The successful candidate will have passion around developing relationships with clients and colleagues alike, along with strong industry experience with the ability to fully understand clients’ benefit programs, identify gaps in coverage, listen and confidently advise clients on appropriate solutions enabling them to achieve their long-term strategy. Our not-so-secret sauce.
- Bring deep knowledge of health and welfare consulting to our Private Equity-owned clients
- Serve as a go-to resource for Associate Consultants and other team members
- Build and maintain strong, collaborative relationships with vendor and carrier partners
- Lead carrier negotiations when needed, aligning to client goals
- Communicate in a way that builds trust with stakeholders at all levels of the client organization
- Own day-to-day client relationships and lead and contribute to internal initiatives that improve how we serve clients
- Support, coach, and provide direction to Associate Consultants
- Coordinate, develop, and execute project plans, including periodic presentations for specific client groups
- Develop and manage short- and long-term benefits strategies, strengthening client relationships
- Participate in the RFP process from planning through evaluation and recommendations
- Manage renewal and implementation processes, helping ensure a smooth experience for clients
- Analyze benchmark/survey data for client plans; summarize, validate, and translate insights into clear recommendations
- Understand key underwriting and pricing levers across lines of coverage
- Manage post-implementation activities across lines of coverage to confirm solutions are working as intended
- Travel to client sites up to 20% of the time, with advance notice whenever possible
Our future colleague.
We’d love to meet you if your professional track record includes these skills:
- Bachelor’s Degree, Masters preferred
- 10+ years in insurance industry experience with a thorough understanding of all benefit plans (medical, dental, life, STD, LTD, etc) design, rate structures, funding alternatives and compliance requirements.
- Excellent communication and presentation skills with advanced writing skills.
- Proficient in all areas of Health & Welfare compliance (i.e. HIPAA, FMLA, COBRA, 5500, DOL, etc).
- CEBS Certification or other industry recognized designations preferred.
- Life Accident & Health Licensure or commitment to achieving within 3 months of start date.
- Advanced proficiency in Microsoft Office suite programs
- Ability to work effectively and collaboratively with all levels of internal staff & management, external clients, prospects and vendors.
- Shared commitment to company values; Integrity, Collaboration Passion, Innovation, Accountability
We know there are excellent candidates who might not check all of these boxes. Don’t be shy. If you’re close, we’d be very interested in meeting you.
Valuable benefits
Valuable benefits.
We value and respect the impact our colleagues make every day both inside and outside of work. Our culture promotes colleague well-being through robust benefits programs and resources, professional and personal development opportunities, and fulfillment through meaningful work.
Some benefits included in this role are:
- Generous time off, including personal and volunteering
- Tuition reimbursement and professional development opportunities
- Hybrid work
- Charitable contribution match programs
- Stock purchase opportunities
To learn more about a career at MMA, check us out our website or flip through recruiting brochure.
Follow us on social media to meet our colleagues and see what makes us tick:
Who you are is who we are.
We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.
Marsh McLennan and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
The applicable base salary range for this role is $92,400 to $172,100.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.