Financial Consultant - Employee Benefits

IMA Financial Group•Denver, CO

6d•Hybrid

About The Position

This role supports and demonstrates IMA’s core values, emphasizing diversity, equity, and inclusion. The Financial Consultant interacts professionally with internal and external clients via email, phone, and in-person. Key responsibilities include managing marketing/RFPs for self-funded TPA and stop loss submissions, preparing and reviewing proposals, and updating marketing results. The role also involves initiating reviews of fully insured and self-funded renewals, analyzing plans, costs, contributions, and contract terms, and providing recommendations. Partnership and negotiation with carriers are crucial, as is maintaining relationships with carrier and vendor partners. The consultant will provide analysis for benchmarking, contribution, disruption, network, stop loss deductible, and GeoAccess. They will also provide underwriting cost projections for self-funded medical/Rx, dental, and vision products, and develop and communicate self-funded IBNP analysis. Assessing risk and funding structures, such as fully insured vs. self-funded analysis, and presenting findings to clients are also key duties. The role requires analyzing data for inconsistencies and trends, providing written and oral summaries to the Client Executive, and building/customizing reports. Client presentations will be prepared and delivered with direction from the Client Executive. Additionally, the consultant will provide mentorship to analysts and perform technical reviews of their work.

Requirements

4+ years of similar or related experience
Prefer college graduate, 4-year degree or equivalent experience
Proficiency with MS Office Suites
Attains Life and Health license & maintains through continuing education requirements
Understands concepts of underwriting and actuarial computations
Analyzes and interprets data
Effectively manages multiple projects while meeting timelines
Ability to be firm and persuasive when needed, while maintaining good relationships
Handles confidential information with tact and discretion

Responsibilities

Prepares and manages RFP for all self-funded TPA and stop loss submissions to market with Client Executive direction
Collects, manages, and reviews proposals on self-funded TPA and stop loss marketing events
Updates marketing results into spreadsheet ensuring accuracy to be used internally and in client presentation
Initiates review of fully insured medical, and self-funded TPA and stop loss renewals, including plans, cost, contributions and contract terms
Provides recommendations to client regarding renewal analysis
Negotiates with carriers based on client’s targeted goals
Maintains ongoing relationships with carrier and vendor partners
Provides analysis for benchmarking, contribution, disruption, network, stop loss deductible and GeoAccess analysis
Provides underwriting cost projections for self-funded medical/Rx, dental, and vision products
Develops and communicates self-funded IBNP analysis to client
Assesses proper risk and funding structures such as fully insured vs. self-funded analysis, and presents findings to client to align with client goals
Analyzes data for inconsistencies and trends
Provides a written and oral summary of findings to Client Executive
Builds and customizes reports to fit client needs
Prepares client presentations and presents in front of client with provided direction from Client Executive
Provides mentorship to analysts and performs technical review of work