Employee Benefits Analyst II

Alliant Insurance Services•Houston, TX

About The Position

The Employee Benefits Analyst II works with the account team to process renewals, conduct and analyze marketing, prepare financial summaries, and provide technical support for assigned fully insured and self-funded accounts. The role performs analysis such as provider network comparisons and carrier utilization reviews, and supports renewal strategy, plan options, marketing projects, and ongoing client maintenance. The analyst coordinates with account teams, insurance carriers, and vendors throughout the renewal process; reviews information and responses for accuracy and completeness; prepares and presents renewal materials; and maintains accurate agency management system data. The position may also review team members’ work and perform other duties as assigned.

Requirements

Bachelor’s degree or an equivalent combination of education and experience.
One or more years of related work experience.
Valid insurance license, or ability to obtain one within 90 days of employment.
Continue to meet Continuing Education requirements for license renewal.
Basic knowledge of compliance topics, including HIPAA, COBRA, ACA, and Medicare.
Basic knowledge of programs, including awareness of their existence and how to obtain a quote.
Knowledge of major fully insured and self-funded benefits insurance lines, including Medical, Dental, Vision, Life and Disability, and EAP.
Proficiency in Microsoft Office Suite, including Excel, PowerPoint, and Outlook.
Intermediate Microsoft Excel skills.
Excellent verbal and written communication skills.
Strong problem-solving and time-management skills.
Good customer service skills, including telephone and listening skills.
Strong planning, organizational, and prioritization skills.
Ability to work within a team and foster teamwork.
Ability to work productively independently on assigned projects.
Ability to prioritize work across multiple projects and deadlines.

Nice To Haves

Degree in Business or Mathematics.
Salesforce experience.

Responsibilities

Initiate recurring renewal projects for assigned accounts, including pre-renewal spreads, carrier renewal process initiation, and information requests.
Gather, review, and validate client information for renewal analysis and marketing, developing familiarity with client details and history.
Evaluate carrier utilization reports to identify cost drivers and recommend possible plan design changes.
Coordinate and assist with renewal challenges and underwriting matters.
Create financial reporting packages from templates as needed.
Conduct provider network comparison and access disruption analyses.
Coordinate with the account team to understand renewal strategy and define roles and responsibilities.
Track renewal project action items and deadlines throughout the renewal development process.
Collaborate with carriers and vendors to obtain preliminary or firm renewals and prepare initial financial summaries and benefit highlights.
Present preliminary renewal summaries and marketing results to the account team to determine plan options and marketing strategy.
Work with the account team to develop and execute negotiation strategy, and present final results to the team.
Determine renewal presentation content and structure and identify supporting analyses and materials, such as utilization reviews, contribution strategies, benchmarking, and financial reporting.
Execute plan option requests, marketing projects, and analyses needed to complete account strategy objectives.
Review marketing and plan option responses for accuracy and completeness and request clarification or revisions as needed.
Handle ongoing monthly or quarterly client maintenance projects as determined by the account team.
Review team members’ work for accuracy and completeness as needed.
Comply with agency management system data standards and maintain complete, accurate information.
Perform other duties as assigned.