Benefit Analyst

HUB International•Bothell, WA

37d•$35 - $48

About The Position

In a rapidly changing world, HUB advises businesses and individuals on how to prepare for the unexpected. As one of the world’s largest insurance brokers, our focus is dedicated to providing our customers with the peace of mind that what matters most will be protected — through unrelenting advocacy and tailored insurance solutions that put our clients in control. Our growing team of professionals across North America represents a broad, deep, and one-of-a kind aggregation of entrepreneurs and leaders recognized for their excellence throughout the insurance community. Throughout our network of more than 600 HUB offices in North America, we offer a competitive, exciting, and friendly work environment that strategically positions our employees for longevity and success. At HUB, we believe in investing in the future of our employees and provide continuous opportunities for growth and development. Our entrepreneurial culture fosters an environment that empowers our people to make the best decisions for our customers and organization, focusing on expanding the industry knowledge of our insurance professionals to better serve our valued clients. We are committed to providing you with competitive and flexible benefits options that are rooted in your current needs yet evolves as your needs change over time. Join us in taking the first step toward creating a future that combines a diverse, challenging work environment with financial security and career satisfaction. We are currently seeking a Benefit Analyst to join our Employee Benefits team. You’ll primarily be responsible for providing a critical role in maintaining client relationships. The Benefit Analyst works collaboratively with the Producers and Account Managers to manage an assigned book of business. The Benefit Analyst primarily provides medical plan marketing services, claims experience reporting, budget projection analysis, and technical support that requires a thorough understanding of employee benefits, the ability to think critically to provide strategic direction, application of advanced math and Excel skills and the ability to establish and maintain collaborative internal and external relationships.

Requirements

Ability to effectively and professionally communicate orally and in writing with internal and external customers.
Knowledge of self-funded plans and the ability to effectively communicate the mechanics of self-funding.
Computer Skills: proficiency with Microsoft Office Suite, advanced skills in Excel; Project Management software and Database software preferred.
Desire to learn and grow within the insurance industry.
Confidence and demeanor to effectively interact with all levels within the organization.
Ability to effectively work with a team and coach others in developing their skills and abilities.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages.
Ability to ready, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Problem Solving: Ability to identify complex problems and review related information to develop and evaluate options and implement solutions.
Ability to prioritize and organize multiple tasks and responsibilities in order to complete assignments on time and with optimal accuracy.
High School / GED required; Bachelor’s degree preferred
3-4 years related experience and/or training or equivalent combination of education & experience
Must hold a valid Life & Health Insurance Agent license, or be able to obtain one within 120 days of employment

Responsibilities

Functions as the medical analytical subject matter expert in strategy meetings with Account Executive/Producer, including but not limited to communicating the status of marketing activity and claims utilization analysis.
Creates and updates claims experience reporting models and provide analysis and commentary to Client Service team members
Build projection models for self-funded clients.
Leads the Medical Market Analysis process: Develops and communicates strategy for Medical Market Analysis, analyzes Medical Market Analysis results, reports to carrier partners/vendors and negotiates with carriers throughout the RFP process.
Addresses carrier questions during Medical Market Analysis process and advises carriers on the client benefit strategy. Market Analysis may also include dental and vision as necessary.
Understands and analyzes the respective markets and products in order to find the best solutions to meet client’s needs.
Examines benefits and claims data for inclusion in Medical Market Analysis organizes carrier & vendor bids received and follows up on non-responses and late submissions.
Conducts claims analysis and contribution modeling.
Interprets census data and evaluates it for accuracy.
Reviews insurance bids for compliance with specifications, identifying key differences in bids, and maintaining client databases within internal systems.
Creates and updates internal systems and templates used during the strategy and marketing process.
Submits and performs peer view of reports and other analyses.
Performs other duties and projects as assigned.