Employee Benefits Financial Analyst
About The Position
Are you a proactive and analytical professional with healthcare experience ready to make a significant impact through your efforts? Wilshire Benefits Group is seeking a dedicated contributor who will play a crucial role in delivering top-tier services to our valued clients. As a Financial Analyst, you will collaborate with our integrated team to quote, analyze, select, and understand strategic employee benefit packages. This role involves carrier quotes, plan design comparisons, renewal analysis, underwriting coordination, and benefits strategy support. It is not a financial analyst, accountant, actuary, pension analyst, investment analyst, or corporate budgeting/forecasting position.
Requirements
- Bachelor’s degree in Finance, Economics, Business or other related field and/or minimum two year’s experience in the industry is required.
- Strong analytical and mathematical skills with keen attention to detail.
- Proficient in Microsoft Word, Excel, PowerPoint, and Adobe; Understanding of CRM system / other agency datatbasse systems with a proven track record of diligent system population and documentation.
- Familiarity with insurance carriers, employee benefits, and underwriting procedures is essential.
Nice To Haves
- License in Group, Health and Life is preferred, but not required.
- Experience using Rate Ease and/or other carrier quoting systems preferred.
Responsibilities
- Lead the entire insurance underwriting / RFP process, from gathering data to conducting competitive carrier market analyses to negotiating with insurance carriers, advising producers, and communicating with clients.
- Execute market and financial analysis; analyze, track and interpret client benefit claim data; calculate / advise on employee/employer contributions; provide timely, accurate, and creative insights to help clients meet their budgetary requirements.
- Participate in client employee benefit renewal meetings, both in-person and virtually, to strategize and deliver optimal solutions; attend webinars and seminars to stay abreast healthcare reform updates and changes.
- Keep up to date on healthcare trend data, carrier promotions, and tracking & monitoring claims experience; Illustrate and understand the impact of current regulations on our client's benefits packages.
- Actively track and document processes in our agency management system, ensuring accuracy and timeliness.
- Participate in sales cycle including prospecting, service and retention; provide support on special projects and assist colleagues as needed.
Benefits
- Competitive benefits package
- Award-winning work environment
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
