Market Analyst
Digital Insurance•Richmond, VA
•Remote
About The Position
The Market Analyst supports important aspects of financial analysis related to clients’ group benefit programs. The Market Analyst works collaboratively with Account Manager(s) and Benefits Consultant(s), who will direct client deliverables. The Market Analyst may attend some client meetings to present financial analysis and observations.
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
- Ability to effectively present data
- Excellent interpersonal skills
- Ability to thrive in a fast paced environment
- 3 to 5 years of experience
- Bachelor’s degree, required
- Proficient in all Microsoft Office products, required
- Intermediate to advanced proficiency in Microsoft Excel, 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
- Drafts accurate exhibits for quarterly and annual client meetings
- May assist the Benefit Consultant with carrier negotiation process
- May mentor junior team members
- Drafts monthly reporting deliverables for clients.
- Reviews client utilization reports using various reporting methods (i.e. carrier data, analytics platforms such as Springbuk)
- Drafts cost projections for renewals and benefit plan offerings.
- Calculate Actuarial Values to price out plan design changes requested by the client team
- Drafts Incurred But Not Reported (IBNR) reserves analysis
- May assist with contribution analysis
- Analyzes industry benchmarks and drafts information for the client to show their competitiveness in the industry.
- Develops 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
Benefits
- health
- pharmacy
- long and short-term disability
- vision
- dental
- 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
- employee perks and discounts
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
