Financial Analyst - Employee Benefits (Hybrid)

NFP Corp•Charlotte, NC

2d•$70,000 - $90,000•Hybrid

About The Position

NFP, an Aon Company, is hiring a Financial Analyst to support its Employee Benefits team. The role combines financial analysis, reporting, modeling, and client-focused service. The analyst reviews vendor reports for accuracy, prepares client-specific reports and renewal materials, and discusses findings and strategies with clients. The position also contributes to improving reporting and renewal processes, supports carrier negotiations and sales, and maintains relationships with clients, carrier representatives, and consultants. Travel is required as needed.

Requirements

Strong analytical skills.
Ability to communicate financial issues clearly, concisely, and persuasively.
Ability to establish rapport, present information effectively, and respond to questions from consultants, clients, and coworkers.
Dedicated work ethic and commitment to client service excellence.
Strong organizational skills and ability to manage several projects or 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 as needed.
Four-year college or university degree.
Three or more years of experience in an analytics or financial role is preferred.

Nice To Haves

A degree in Finance, Statistics, Mathematics, Risk Management, Actuarial Science, or a related field is highly preferred.
Three or more years of experience in an analytics or financial role is preferred.

Responsibilities

Build financial models to improve financial analysis reporting and the renewal process.
Collaborate with the Unit Leader to develop and implement efficient processes and procedures.
Review analysts’ exhibits for mathematical, formulaic, spelling, grammatical, and branding errors and ensure they are client-ready.
Lead financial analysis and develop multi-year financial strategies for clients.
Recommend appropriate renewal ratings, cost-driver responses, plan design changes, and funding methods to clients.
Prepare and lead client discussions on weekly, monthly, and quarterly financial reports covering claims, budget or premium, payroll contributions, membership, high claimants, and network utilization.
Develop and present renewal projections for medical, dental, and vision plans.
Complete renewal analysis and support carrier negotiations.
Prepare renewal financial summaries.
Model 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 self-insured clients.
Facilitate special projects requested by the Data Analytics and Reporting Unit.
Support the sales process with financial analysis and present findings to clients upon request.
Attend seminars, sales meetings, or educational activities to stay current on market developments, trends, and regulations.
Build and maintain relationships with clients, carrier sales representatives, and consultants.