Market Analyst - Hybrid (Minnetonka, MN)

OneDigital • Minnetonka, MN

1d • $60,000 - $80,000 • Hybrid

About The Position

The Market Analyst conducts all aspects of marketing and financial analysis related to clients’ group benefit programs. The Market Analyst works closely and collaboratively with the Account Manager and Benefits Consultant as subject matter expert to produce and present benefit and financial illustrations that allows clients to properly evaluate their benefit plans.

Requirements

• Strong quantitative and analytical skills
• Able to analyze data and recognize analytical patterns
• Strong verbal and written communication skills
• Ability to effectively handle multiple and changing client priorities and deadlines
• Ability to effectively present data
• Excellent interpersonal skills
• Ability to thrive in a fast paced environment
• Ability to analyze data and recognize analytical patterns
• Must be very detail-oriented
• Bachelor’s degree, required
• Proficient in all Microsoft Office products, required
• Intermediate to Advanced Microsoft Excel experience, required
• Current life and health producer license or ability to acquire within 90 days of hire (company paid), required

Nice To Haves

• Business, Finance, Math, Accounting or related field, preferred
• 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, preferred
• Experience with database applications, a plus

Responsibilities

• Creates, owns & delivers (where appropriate) detailed reports and presentations of marketing information
• Maintains accurate, current, organized and complete market information in internal databases
• Owns the renewal projection calculations, data analytics
• Owns the carrier negotiation process
• Develops and maintains strong working relationships with carrier partners
• Works closely with Benefits Consultants and/or Client Executives to manage the entire renewal process
• Communicates and educates team on latest client data trends
• Prepare accurate market exhibits for proposal responses, quarterly and annual client meetings; attend and engage as subject matter expert on those exhibits/responses
• Assists the Account Manager to review client utilization reports and identifies opportunities for plan design and product changes, based upon utilization patterns
• Owns the Request for Proposal (RFP) process by owning financial analysis and being available to the client for recommendation
• Carrier certificate review, new product application tracking, new client data gathering
• Manages day to day client issues
• Attend regular client meetings
• Builds relationships with client through proactive communications
• Communicates renewal decisions to carriers, gathers plan summaries and SBCS for client.
• Assists clients and/or consultants with 5500 form filings, wrap documents, non-discrimination testing as applicable
• Assists in growing the book of business through cross-sale opportunities when available
• Assists team and clients as necessary with special projects

Benefits

• health, pharmacy, long and short-term disability, vision, dental and other insurance solutions
• health, wellbeing, retirement, and other financial benefits
• paid time off
• overtime pay for non-exempt employees
• robust learning and development programs
• reimbursement of job-related expenses per the company policy
• employee perks and discounts

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level