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Employee Benefits Project Manager
Willis Group
New York, NY, United States
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Title: Project Manager, M&A
Location: New York, NY
The Company
Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.
The Company
Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 territories. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Unlock your potential at Willis Towers Watson.
The Business
Corporate risk and broking
We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify, mitigate, and transfer risk, taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results.
The Role
The Employee Benefits Project Manager specializes in employee benefits analysis for the Willis Towers Watson M&A Group. The M&A Group provides due diligence services for private equity firms, evaluating the costs, liabilities and exposures of potential acquisitions, which are sourced by M&A Group Producers. This position leads the entire employee benefits due diligence process from initial engagement through deal close, creating the diligence report and delivering the report to our private equity clients.
Responsibilities
• Creation of due diligence report using M&A Group standard format
• Management of all aspects of employee benefits due diligence
• Detailed analysis and commentary on employee benefit programs of target acquisitions, focusing on:
• Quantification and validation of Seller’s current plan cost representation
• Projection of post-closing future plan cost
• Illustration of plan enhancement and cost savings opportunities
• Review of compliance issues and exposures, with suggested remedies
• Examination of Purchase & Sale Agreement
• Advice on Transitional Services Agreement and assignment of risk
• Engage with private equity firm and its advisors as well as the target company’s HR and Finance teams
• Coordinate data acquisition to gather employee benefits data
• Communicate with parallel diligence teams International and Property & Casualty as needed
• Assessment and analysis of plan documents, financial data, communications and government filings
• Creation of detailed financial reports
• Apprise Producers and private equity firms of potential issues or concerns found in diligence process
• Partner with Producers to assist in securing broker of record assignment for Willis Towers Watson post-closing
Qualifications:
• BS/BA Degree required
• Seven or more years of employee benefit brokerage experience
• Three to five years of insurance industry experience related to servicing mid-size accounts
• Experience in M&A / private equity is a plus, but not required
• Comprehensive knowledge of insurance products and concepts, specifically include the following:
• All health & welfare benefit plans: Medical, Dental, Life, LTD, STD, Vision
• Underwriting and plan funding strategies
• Consumer-driven healthcare, wellness, disease management, and current trends and carrier products
• Regulatory environment of employee benefits plans, PPACA, ERISA, HIPAA
• Knowledge of 401(k) retirement plans is preferred but not required
• Critical skill set includes:
• Excellent organizations skills are required – the Project Manager will typically have 6 – 10 open deals at any time
• Ability to conduct critical analysis of employee benefit plans with limited data under tight timeframes
• Strong verbal and written communication skills, including ability to communicate complex topics and concepts concisely
• Capacity to work in a fast-paced environment juggling multiple priorities
• Computer skills which include intermediate proficiency with Microsoft Word, Excel and Power Point, as well as navigation of the Internet
Growth Opportunity
• Develop differentiated analytical and technical employee benefits analysis and reporting skills
• Exposure and communication to multiple constituencies
• Immersion in M&A Group to learn due diligence skills and mechanics of private equity investments
• Role progression leads to ancillary project opportunities or specializations
Travel
• Air travel may be required (typically up to 6 trips per year; usually day trips or one night stay)
• Driver's license required for travel
Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson.
Willis Towers Watson is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.
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