Financial Consultant - Employee Benefits

IMA Financial Group•Quinte West, ON

6d•$75,000 - $113,000•Hybrid

About The Position

This role supports and demonstrates IMA’s core values, including the importance of diversity, equity, and inclusion. The Financial Consultant interacts professionally and timely with internal and external clients via email, phone, and in-person. Key responsibilities include preparing and managing RFPs for self-funded TPA and stop loss submissions, collecting and reviewing proposals, and updating marketing results. The role also involves initiating renewal reviews for medical, TPA, and stop loss plans, providing recommendations, and negotiating with carriers. Analysis of data for benchmarking, contribution, disruption, network, stop loss deductible, and GeoAccess is required, along with providing underwriting cost projections and developing self-funded IBNP analysis. The consultant will assess risk and funding structures, present findings, and analyze data for inconsistencies and trends, providing written and oral summaries. Client presentations will be prepared and delivered. Additionally, the role includes providing mentorship to analysts and performing technical reviews of their work.

Requirements

4+ years of similar or related 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

Nice To Haves

Prefer college graduate, 4-year degree or equivalent experience
Limited travel required (less than 25%)

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