Senior Benefit Analyst
About The Position
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers. Brown & Brown is seeking a Senior Benefits Analyst to join our growing team in Chicago, IL ! The Benefits Analyst will have the opportunity to support the financial consulting needs of employee benefit clients by leveraging strong analytical and technical expertise. This role includes evaluating financial and utilization metrics, preparing monthly financial reports, analyzing benchmarks, and assisting with ad hoc reporting and analysis. The ideal candidate combines attention to detail with a commitment to client satisfaction, ensuring accurate insights that drive informed decisions and strengthen client relationships.
Requirements
- Bachelor’s degree in accounting/finance/business/economics or equivalent work experience.
- 3+ years’ financial experience with a thorough understanding and knowledge of employee benefits.
- Proficient with MS Office Suite.
- Microsoft Excel – Strong to expert level skills.
- Strong analytical and critical thinking ability.
- Ability to maintain a high level of confidentiality.
- Excellent verbal and written communication skills.
- Ability to work independently and exercise judgement.
- Detail oriented with excellent organizational skills.
- Demonstrates a sense of urgency and a proactive approach to meeting client financial requirements.
- This position may require routine or periodic travel which may require the teammate to drive their own vehicle or a rental vehicle. If required, acceptable results of a Motor Vehicle Record report at the time of hire and periodically thereafter, and maintenance of minimum acceptable insurance coverages are requirements of this position.
- Must obtain and maintain active Life/Accident and Health Insurance Agent License within one year.
Responsibilities
- Monitor monthly financials for clients including entry of data into client exhibits.
- Prepare and send monthly financial reports to clients with analysis of activity and large claim detail.
- Prepare basic financial/underwriting exhibits as requested including but not limited to financial projections, large claim analysis, specific stop loss analysis, demographics analysis, IBNR, etc.
- Work with Team Lead to develop reporting requirements and any deviations or customizations in those reports.
- Coordinates and executes the implementation of new client custom reporting packages.
- Assists Account Executives/Benefits Consultants in preparing requests for proposals and renewals of benefit coverages.
- Basic knowledge of compliance and regulations in the benefits arena.
- Participate in market meetings, seminars and training programs as directed.
- Performs miscellaneous duties and projects. This may include involvement in presentations, client functions and meetings.
- Intermediate to proficient level of renewals, underwriting and reporting.
- Prepare and send monthly financial reports to clients with analysis of activity and large claim detail.
- Prepare intermediate level financial/underwriting exhibits as requested including but not limited to financial projections, large claim analysis, specific stop loss analysis, demographics analysis, IBNR, etc.
- Develop intermediate level reporting requirements and any deviations or customizations in those reports.
- Maintains intermediate knowledge of compliance and regulations in the benefits arena
- Provide guidance/training to Analysts.
Benefits
- Health Benefits : Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
- Financial Benefits : ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
- Mental Health & Wellness : Free Mental Health & Enhanced Advocacy Services
- Beyond Benefits : Paid Time Off, Holidays, Preferred Partner Discounts and more.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
