Financial Benefit Analyst - Remote (PST)

OneDigital

2d•$125,000 - $135,000•Remote

About The Position

Employee Benefits is the core of our business and at our heart we are a people-focused organization. Every day, we help over 100,000 employers give their employees peace of mind by providing health, pharmacy, long and short-term disability, vision, dental and other insurance solutions. What makes us unique is that we can surround our clients with more services and more technology-based tools and a team of advisors that simply cares more than anyone else. If you want a career giving people the reassurance that they can have access to the health care they need for themselves and their loved ones, join OneDigital. Our Newest Opportunity: Summary: The Financial Benefits Analyst supports all aspects of financial analysis related to clients’ group benefit programs. The Financial Benefits Analyst works closely and collaboratively with other members of the financial support team to provide support to Account Manager(s) and Benefits Consultant(s). Deliverables will include benefit and financial illustrations that allows clients to properly evaluate their benefit plans.

Requirements

Ability to analyze data and recognize analytical patterns
Strong verbal and written communication skills
Ability to effectively handle multiple and changing client priorities and deadlines
Excellent interpersonal skills
Ability to thrive in a fast-paced environment
2-3 years of experience
Bachelor’s degree, required; Business, Finance, Math, Accounting, or related field, preferred
Proficient in all Microsoft Office products, required
Intermediate to advanced proficiency in Microsoft Excel, required

Nice To Haves

Experience in the healthcare industry working for a group insurance carrier, broker, or consultant, preferred
Knowledge of group insurance including medical, dental, CDHP, pharmacy, life, and disability products, strongly preferred
Experience with database applications, a plus
License preferred

Responsibilities

Drafts accurate exhibits for quarterly and annual client meetings
Drafts client utilization reports using various carrier reporting methods.
Analyzes data and identifies opportunities for plan design and product changes, based upon observed utilization patterns
Drafts monthly reporting deliverables for clients.
Analyzes industry benchmarks and drafts information for the client to show their competitiveness in the industry.
Develops and maintains strong working relationships with carrier partners
Maintains accurate, current, organized, and complete market information in internal databases
Assists team and clients as necessary with special projects
Demonstrate expertise across funding models: Deep working knowledge of fully insured, self-funded (ASO), level-funded, and alternative risk-financing strategies (e.g., group captives) and how each impacts total cost, risk, and cash flow.
Model and compare funding scenarios: Build financial projections that compare expected cost, volatility, and renewal outcomes across funding approaches (including stop-loss dynamics for self-funded and captive participation structures
Support strategic cost-control initiatives tied to funding: Partner with consultants to assess feasibility and implementation implications of aggressive funding alternatives (self-funded, level-funded, captives, etc.) as part of a multi-year cost containment roadmap.
Translate complex funding arrangements into clear guidance for the service team: Explain self-funded, captive, level-funded, and other alternative funding mechanics - tradeoffs, risk/reward, and client impact - in plain language to Account Managers and Benefit Consultants to support client education and recommendations.