Consultant

About the role

The Consultant, Alternative Funding Division (AFD) , plays a key role in supporting the agency's alternatively funded employer medical plan business. This individual will partner closely with producer teams within their designated region to support self-funding initiatives, including prospecting, advisement, and assessment of groups evaluating a transition to self-funding. The Consultant will work collaboratively with the AFD Analyst to assist in pricing RFPs for stop-loss, pharmacy benefit management (PBM), Third Party Administrator (TPA), and carve-out arrangements. The Consultant serves as a subject matter resource on self-funding concepts and assists in advancing the agency's growth objectives through strategic advisement, education, and producer support. Essential Duties and Responsibilities Producer Support: Collaborate with regional producer teams to provide subject matter expertise on self-funding strategies, funding arrangements, and vendor selection. Prospect Engagement: Support prospecting efforts by assessing employer groups' suitability for self-funding and assisting in the development of customized recommendations. RFP Assistance: Partner with the AFD Analyst to develop and price RFPs for stop-loss, PBM, TPA, and carve-out arrangements, ensuring competitive and comprehensive proposals. Client Advisement: Provide consultative guidance to self-funded clients and prospects to optimize plan performance, manage risk, and control costs. Vendor Collaboration: Support the evaluation and coordination of key vendor relationships, including TPAs, PBMs, stop-loss carriers, and point solution partners. Internal Education: Assist in developing and delivering educational materials and training sessions for internal producers and staff on self-funding concepts and best practices. Market Intelligence: Maintain current knowledge of industry trends, emerging risk mitigation solutions, and regulatory updates impacting self-funded plans. Cross-Functional Collaboration: Work closely with underwriting, analytics, and client service teams to ensure cohesive and effective delivery of alternative funding solutions. Relationship Building: Foster and maintain productive relationships with clients, prospects, and vendor partners to support the agency's growth objectives .