Benefits Analyst - Employee Benefits

Relation Insurance Services • Tulsa, OK

90d • $40,000 - $97,000

About The Position

The Benefits Analyst will perform mathematical analyses, underwriting, marketing and renewal analyses that provides clients, teams and leadership with financial findings and conclusions. This role involves designing, developing and preparing accurate and timely reports and analysis, providing financial guidance and general direction for influencing clients’ decisions and the achievement of strategic goals. The analyst will gather benefits information from various sources, develop Request for Proposal (RFP) templates, coordinate responses from carriers, input data, and maintain all appropriate documentation. Additionally, the analyst will prepare draft presentations to clients and team leadership, request, analyze and negotiate renewals for all lines of coverage for Health & Welfare plans, and conduct plan/benefit change analysis including self-insured feasibility and funding analysis. The role also includes analyzing and assisting in making recommendations on client strategy and cost containment initiatives, preparing Rate Development Templates, RFP analysis, and monthly client financial reports. The analyst will work closely with underwriting/analysts, sales, consulting, health management, and leadership, and develop benchmarking reports by gathering health benefits data to compare a client’s plan information to other companies by industry or geography.

Requirements

• State Life, Accident & Health Insurance License required upon hire or within 90 days.
• High school diploma or equivalent required.
• Four-year degree in Accounting, Finance, Economics, Business, Statistics or related field preferred.
• Minimum of 3 years of relevant and progressive experience or equivalent education and job-related experience.
• Previous health insurance experience preferred.
• Proficient to advanced skills in Microsoft Office Suite, especially Excel and PowerPoint.
• Excellent interpersonal and communication skills.
• Ability to work independently and in a team environment.
• Ability to function effectively under tight time constraints.
• Demonstrated initiative to identify and overcome obstacles.
• Ability to think critically, creatively, and analytically.
• Must have valid driver’s license and reliable transportation.

Nice To Haves

• Experience with online rating systems.
• Ability to work flexible hours, including out-of-town travel.

Responsibilities

• Designs, develops and prepares accurate and timely reports and analysis.
• Gathers benefits information from various sources and develops RFP templates.
• Coordinates responses from carriers and maintains documentation.
• Prepares draft presentations to clients and team leadership.
• Requests, analyzes and negotiates renewals for Health & Welfare plans.
• Conducts plan/benefit change analysis including self-insured feasibility.
• Analyzes and assists in making recommendations on client strategy.
• Prepares Rate Development Templates and RFP analysis.
• Prepares and reviews monthly client financial reports.
• Develops benchmarking reports comparing client plans to industry data.
• Prepares ad-hoc reports as required.
• Performs other projects, duties, and tasks as assigned.

Benefits

• Competitive pay.
• Family health and wellness programs.
• 401K.
• Employee assistance programs.
• Paid time off.
• Paid holidays.
• Career advancement and development opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees