Benefits Analyst

People Corporation•Toronto, ON

1d•CA$75,000 - CA$85,000

About The Position

The Benefits Analyst will provide group benefits consulting support, including design and financial management for existing medium and large clients and prospects. The Benefits Analyst will work closely with internal consulting teams, interface with vendors, support client deliverables, and ensure quality standards are met.

Requirements

Minimum 2 years' experience in group benefits
Knowledge of Canadian benefits industry and group benefits financial underwriting requirements for all types of employee benefits plans
Advanced competency with Microsoft Excel
Proficiency with Word, PowerPoint and Outlook
Strong analytical skills
Excellent organizational skills with strong attention to detail and high level of accuracy
Strong analytical skills
Ability to manage and prioritize competing demands in order to meet client and company needs
Ability to work independently and in a team environment
Strong written and verbal communication skills
Sensitivity to confidential information

Nice To Haves

Post-secondary education in mathematics, or finance is an asset
Experience in the public sector (hospitals, healthcare, municipalities) is an asset

Responsibilities

Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients.
Annual renewal analysis and negotiations with carriers; prepare client reports and presentations
Experience reporting, budget projections and reviewing plan financial performance
Review financial statements for accuracy and adherence to underwriting agreements
Gather data and determine cost impact for plan design changes
Conduct marketings; including preparing and submitting specifications, analysis, cost comparisons and recommendations on marketing responses, and preparing marketing report
Support the consulting team in preparing documents for client presentations and meetings
Participate in industry conferences, seminars, etc. in order to keep abreast of industry trends and activities
Build relationships with clients, carriers, and internal, cross-functional teams
Assist with plan design benchmarking studies
Assist clients during the union bargaining process
Assist with carrier transition by supporting the service team with required financial information
Prepare ad hoc reporting for clients or consultants as needed