Benefits Analyst (Hybrid)

Who We Are NFP•Warrington, PA

23d•$60,000 - $75,000•Hybrid

About The Position

NFP is a seven-time Best Places to Work award winner in Business Insurance who has also earned the 5-Star Diversity, Equity and Inclusion (DEI) award from Insurance Business magazine and the WORK180 employer endorsement. We’re a recognized Elite Agency award winner and a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor. NFP provides solutions enabling client success through the expertise of over 7,000 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors and financial institutions. To learn more, please visit: https://www.NFP.com . Summary of Role: This is a full-time position, working within the Reporting and Analytics Department. The position requires day-to-day financial analysis, modeling, and reporting for a specific set of clients. Position includes reviewing data for accuracy and creating client specific reports for analysis and review, as well as preparing client presentations.

Requirements

Strong Analytical Skills
Ability to correspond on all financial issues in a clear, concise and persuasive manner
Ability to effectively establish rapport, present information and respond to questions from consultants, clients and coworkers
Dedicated work ethic with a commitment to client service excellence
Well organized with the ability to handle several projects/clients simultaneously
Strong knowledge of the group insurance marketplace including alternative funding methods and industry trends
Working knowledge of carriers and products
Strong knowledge of Microsoft Excel
Proficiency with Power Query, Power BI and Visual Basic
Less than 10% travel required
Bachelors in Risk Management and Insurance, Actuarial Science, Finance, Statistics, Mathematics is highly preferred
1-3 years of related experience with an employee benefits consultant/ broker or medical insurance carrier

Responsibilities

Prepare financial reports on a weekly, monthly, and quarterly cadence that are inclusive of claims, budget/premium, payroll contributions, membership, high claimants and network utilization
Monitor accounts for any claim trends, high amount claimants, and other emerging underwriting issues.
Apply underwriting principles to develop renewal projections for medical, dental and vision
Complete renewal analysis and support the carrier negotiation process
Complete financial modeling of plan designs, employee contributions, specific stop loss recovery analysis, and IBNR reserve analysis.
Conduct trend analysis
Assist in performance of financial modeling of mergers, acquisitions and divestitures
Assist in preparation of stop loss sensitivity analysis for self-insured clients
Assist in financial analysis to aid in development of multi-year financial strategies for clients
In collaboration of the Consulting Team, finalize financial analysis for client presentations
Build financial models to improve financial analysis reporting and/or renewal process to deliver maximum value and efficiency
Facilitate special projects as requested of the Reporting and Analytics Department
Support the sales process through financial analysis
Attend seminars, sales meetings or educational activities to stay up-to-date on the latest developments, trends and regulations in the market place
Build and maintain solid relationships with consulting teams as well as carrier representatives
Other duties as assigned