Financial Benefits Consultant

OneDigital•Bethesda, MD

10d•$105,000 - $125,000

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 Consultant supports all aspects of financial analysis related to OneDigital’s largest and most complex clients. The Financial Benefits Consultant works closely and collaboratively with other members of the financial support team to provide support to Account Manager(s) and Benefits Consultant(s). The Financial Benefits Consultant is responsible for independently producing financial deliverables and effectively presenting them to clients.

Requirements

Ability to analyze data and recognize analytical patterns
Strong verbal and written communication skills
Strong presentation skills
Ability to effectively handle multiple and changing client priorities and deadlines
Excellent interpersonal skills
Ability to thrive in a fast-paced environment
5+ 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
License 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, CDHP, pharmacy, dental, vision, life and disability products, strongly preferred
Experience with database applications, a plus

Responsibilities

Drafts and reviews accurate exhibits for quarterly and annual client meetings
May assist the Benefit Consultant with carrier negotiation process
Mentors junior team members
Drafts and reviews monthly reporting deliverables for clients.
Drafts and reviews client utilization reports using various reporting methods (i.e. carrier data, analytics platforms such as Springbuk)
Drafts and reviews cost projections for renewals and benefit plan offerings.
Analyzes data and identifies opportunities for plan design and product changes, based upon observed utilization patterns and can run Actuarial Values to calculate cost impact
Calculates premium equivalent rates and assists with contribution analysis
Calculates Incurred But Not Reported (IBNR) reserves analysis and can communicate directly to client.
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