Benefits Analyst I

Alliant Insurance Services•Irvine, CA

About The Position

Responsible for working with account team in processing renewals, conducting and analyzing marketing, preparing financial summaries and providing general technical support for assigned accounts.

Requirements

Bachelor’s degree or equivalent combination of education and experience
Related work experience preferred
Valid insurance license (or must be obtained within 90 days of employment)
Must continue to meet Continuing Education requirements for license renewal
Excellent verbal and written communication skills
Excellent problem solving and time management skills
Good customer service skills, including telephone and listening skills
Excellent planning, organizational and prioritization skills
Ability to work within a team and to foster teamwork
Ability to work productively as an individual to accomplish assigned projects
Ability to prioritize work for multiple projects and deadlines
Proficient in Microsoft Office Suite

Responsibilities

Gathers, reviews and validates all information related to assigned clients for renewal analysis and marketing purposes, gaining comprehensive familiarity with client’s current details and history
Coordinates with account team to understand strategy for client renewal and define roles and responsibilities.
Revisits as needed throughout the renewal development process
Understands and clarifies clear outline of renewal project action items, including all deadlines
Collaborates with all current insurance carriers and vendors to obtain preliminary and/or firm renewals and prepares initial financial summary and benefit highlights
Presents preliminary renewal summaries to account team to determine plan options and/or marketing strategy
Executes all relevant plan option requests, marketing projects and necessary analysis to complete account strategy objectives
Reviews all marketing and plan option responses, evaluates for accuracy and completeness, and requests clarifications and revisions as needed
Presents all marketing results and plan options to account team (spreads), works with account team to develop negotiation strategy, and executes negotiation strategy
Updates financial summary and benefit highlight comparisons with all final negotiation results
Presents all final results to account team; determines content and structure of renewal presentation and identifies additional analytical support materials (i.e.; utilization review, contribution strategy, benchmarking, financial reporting, etc.)
Completes all additional assigned work projects for renewal presentation
Completes all final sold documentation and communication (internal client files, confirmations to carriers, agency management system, etc.) and other renewal closure duties as required
Handles ongoing (monthly/quarterly) client maintenance projects as determined by account team
Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information)
Other duties as assigned.