Benefits Analyst

People Corporation

About The Position

The Benefits Analyst will provide group benefits consulting support, including design, financial management and ongoing servicing for existing 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 2-5 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
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

An opportunity to make a real impact in Indigenous communities across Canada
Involvement in meaningful work supporting Truth and Reconciliation efforts
Ongoing learning and collaboration with a supportive and experienced team
Competitive compensation
Comprehensive employee benefits and retirement programs
A fun, flexible, and productive work environment

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
Conduct marketing's; including preparing and submitting specifications, analysis, cost comparisons and recommendations on marketing responses, and preparing marketing report
Gather data and determine cost impact for plan design changes
Monitor carrier/provider services standards
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 carriers, and internal, cross-functional teams
Conduct plan design benchmarking studies
Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy
Preparation and review of master application and all other documentation for new sales submissions – monitor implementation process to ensure deadlines met, questions answered, all forms completed in order to meet effective date.
Prepare detailed plan design documents using excel template and update when required
Investigate and assist with resolving ad hoc claims and coverage issues for clients
New Business Marketing & Quoting: Market new group benefit opportunities to multiple insurance carriers
Analyze carrier proposals for plan design alignment, and pricing accuracy
Prepare professional proposal packages and side-by-side comparisons for producer review
Ensure all new business submissions are complete and meet underwriting requirements
Carrier & Underwriting Coordination: Serve as primary point of contact with carrier marketing representatives and underwriters for new business
Negotiate rates, plan adjustments, and underwriting exceptions when appropriate
Follow up on pending quotes and manage strict carrier deadlines
Maintain strong working relationships with multiple carrier partners
Proposal Development: Create polished, client-ready proposal presentations
Develop contribution modeling and cost comparisons
Ensure proposals clearly articulate the firm’s value proposition
Producer Support: Collaborate with producers to understand prospect needs and competitive positioning
Provide strategic input on carrier selection and funding strategies
Track and manage new business pipeline activity