Financial Analyst, Employee Benefits

Hub International Insurance•Culver City, CA

About The Position

The Employee Benefits Financial Analyst provides analytical support to Business Advisors and client services teams, building relationships with internal and external customers while offering guidance and assistance. The role supports client data and reporting needs, including routine and custom reporting, renewal preparation, claims analysis, contribution modeling, RFP strategy, quoting, and marketing activity. It also serves as a reporting and analytics subject matter expert for stakeholders and as a self-funded and infused analytics expert, delivering advanced analysis and actionable insights for clients and Account Executives. The analyst manages renewal projects and carrier coordination, reviews and negotiates carrier bids, interprets client needs, and supports strategic planning and complex client deliverables. The role includes maintaining client data and access to online portals, mentoring Benefit Analysts, coordinating with internal teams and external carriers, researching and resolving data issues, and maintaining compliance with HUB values, HIPAA, and ACA requirements. The position is expected to manage a book of business with revenue of $2,000,000–$2,500,000 and approximately 10–15 clients. HUB offers a collaborative work environment, ongoing training and development, competitive pay, and benefits that may vary by role, employment status, location, and eligibility. The stated expected salary range is $100,000–$120,000, depending on geography and other factors.

Requirements

Experience marketing group benefits to carriers.
Experience with self-funded plans.
Strong critical-thinking, communication, interpersonal, multitasking, and organizational skills.
Excellent verbal and written communication skills.
Ability to work as a team player, demonstrate self-motivation, and perform in a fast-paced environment.
Thorough, detail-oriented approach and ability to handle confidential information.
Ability to accommodate immediate requests, meet short deadlines, and coordinate multiple jobs.
Ability to work independently with minimal supervision.

Nice To Haves

Bachelor's degree from a college or university.
At least six years of experience in benefit brokerage, benefit data analytics, benefits or insurance administration, or a related field.

Responsibilities

Provide analytical support for client data and reporting needs and serve as a reporting and analytics subject matter expert for internal and external stakeholders.
Develop routine client reports covering renewals, renewal history, mid-year planning, stewardship, utilization, and claims analysis.
Create custom reports and conduct complex analysis, including plan cost variances, plan change analysis, claim history, and claim projections.
Prepare renewal information, including plan data, census information, and renewal history.
Develop and communicate RFP strategy, results, and reports to carrier partners and vendors.
Manage new and renewal submissions and implementation related to the quoting process.
Coordinate renewal projects to meet deadlines and quality requirements, managing workflow, communication, and carrier coordination.
Interpret client needs and recommend direction for RFPs and contribution analysis.
Quote new and renewal groups, analyze markets and products, and identify solutions that meet client needs.
Examine benefits and claims data for RFPs, organize carrier and vendor bids, and follow up on late or missing submissions.
Negotiate with carriers during the RFP process, answer carrier questions, and communicate client benefit strategy.
Support Account Executives with benchmarking, strategic planning, and reporting data.
Conduct claims analysis and contribution modeling.
Independently perform self-funded analyses, including actuarial valuations, ISL modeling and lasers, expected claims calculations, budget and accrual rates, and increments and decrements.
Build and deliver complex experience reporting, with Financial Consultant team peer review.
Perform advanced data mining, interpretation, advisory services, and troubleshooting through Infused Analytics.
Interpret census data and evaluate its accuracy.
Communicate marketing activity status to Account Executives and Producers.
Review insurance bids for compliance with specifications, identify key differences, and maintain client databases in internal systems.
Create and update templates used in strategy and marketing processes.
Manage client access to external online portals.
Mentor and train Benefit Analysts and Benefit Analysts II, partnering on accounts to strengthen team self-funded and analytics capabilities.
Manage and assist with client-related service issues.
Attend carrier sales meetings, trainings, and webinars, and maintain knowledge of products.
Coordinate communications among carriers and the internal HUB team.
Use BenAdmin, workflow, carrier, and proposal systems as an expert user.
Apply knowledge of HUB internal solutions and subject matter experts, including financial consulting, stop-loss, voluntary benefits, and pharmacy benefit resources.
Use and interpret Snapshot 360, Health Insights, and Infused Analytics (Cedar Gate) tools to provide data mining, advisory, and troubleshooting support.
Research and resolve data issues using multiple systems, tools, and resources.
Maintain positive internal and external relationships and adhere to HUB values, HIPAA, and ACA compliance requirements.
Meet HUB turnaround times as outlined in KPIs and assist with developing and implementing processes and procedures.
Serve as the analytical subject matter expert in strategy meetings with Account Executives and Producers.
Collaborate with the Financial Consultant team on analytics, interpretation, solutions, strategy, and presentations for complex client deliverables.
Delegate ancillary marketing tasks to Benefit Analysts to focus on strategic marketing efforts.
Manage an expected book of business with $2,000,000–$2,500,000 in revenue and 10–15 clients.