Financial Analyst - Employee Benefits (Hybrid)

NFP•Charlotte, NC

1d•$65,000 - $90,000•Hybrid

About The Position

Join our dynamic Employee Benefits team in a pivotal support role that combines analytical prowess with client-focused service. As a key member of the team, you will engage in daily data analysis and reporting, tailored to meet the unique needs of our clients. Your responsibilities will include managing and meticulously reviewing vendor reports to ensure accuracy, creating comprehensive client-specific reports that provide valuable insights, and participating in meetings to discuss findings and strategies. This role is ideal for detail-oriented professionals passionate about data-driven decision-making and exceptional client service.

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 BI and Visual Basic
Travel required as needed
Four-year college or university degree.
Finance/Statistics/Mathematics, Risk Management, Actuarial Science, or related studies is highly preferred.
2+ years of experience in an Analytics or Financial role preferred

Responsibilities

Build new financial models to improve financial analysis reporting and/or renewal process
Collaborate with Unit Leader to build, develop and implement processes and procedure for maximum value and efficiency
Quality review/proof exhibits prepared by analysts for mathematical, formulaic, spelling, grammatical and branding errors and ensure the exhibits are client ready
Lead financial analysis and develop high-level, multi-year financial strategies for clients
Make recommendations regarding financial issues including appropriate renewal rating, cost drivers, plan design changes and funding methods
Prepare and lead discussions around weekly, monthly, and quarterly financial reports that are inclusive of claims, budget/premium, payroll contributions, membership, high claimants and network utilization
Develop and present renewal projections for medical, dental and vision
Complete renewal analysis and support the carrier negotiation process
Prepare renewal financial summary
Perform financial modeling of plan designs, employee contributions, specific stop loss, incurred claims and the financial impact of potential mergers, acquisitions and divestitures
Perform IBNR reserve analysis
Prepare and present stop loss sensitivity analysis for selfâinsured clients
Facilitate special projects as requested of the Data Analytics and Reporting Unit
Support the sales process through financial analysis and present to clients upon request
Attend seminars, sales meetings or educational activities to stay upâtoâdate on the latest developments, trends and regulations in the market place
Build and maintain solid relationships with clients as well as carrier sales representatives and consultants