Senior Benefits Analyst

Rael & Letson•Seattle, WA

3d•Hybrid

About The Position

Rael & Letson is an independent employee benefits consulting and actuarial services firm that serves as a trusted advisor to multiemployer and other retirement and health plans. We help bring high-quality benefits to working people by partnering with our clients to design, implement, evaluate, and communicate innovative and cost-effective benefit programs customized to their unique needs. As a key member of the Health & Welfare Practice, the Senior Benefits Analyst will support the company's objectives by providing technical support to our team of Health and Welfare consultants and serving as a mentor, leader, and reviewer to analysts located in multiple offices.

Requirements

Excellent technical, research, and data analysis skills.
Strong knowledge of statistics and business operations.
Excellent written and verbal communication skills, including presentation skills.
Analytical, creative, able to resolve issues quickly.
Detail-oriented, excellent organizational skills, ability to work independently and effectively manage multiple tasks to meet deadlines.
Very strong use of Microsoft Office (Word, Powerpoint, etc.); must have deep understanding and proficiency using MS Excel.
Understanding of plan modeling software programs (Claros Analytics a Plus), and experience building and revising models.
Minimum of five years of experience working in a similar role/industry.
Experience working in the healthcare industry either with an insurance company or employee benefits consulting firm.

Nice To Haves

Bachelor's degree in Math, Actuarial Science, Economics, Business, or similar degree or equivalent work experience.
Appropriate Insurance licensing / CEBS / Actuarial credentials highly desirable.

Responsibilities

Review and utilize health plan data, financial reports, and other specialized reports.
Review insurance and service provider renewals, negotiate with vendors, confirm renewals, and follow up as needed.
Prepare periodic client reports on plan operations/performance, including annual budget projections of income, expenses, and plan reserves.
Calculate projected plan costs for self-insured coverages (i.e., medical, dental, prescription drug, and vision benefits).
Calculate COBRA rates, other self-payment rates, and required Employer Contribution rates.
Determine the projected cost savings/cost of benefit or eligibility modifications.
Identify and recommend best practices to support clients and the practice.
Project manage client deliverables and internal team workflow.
Prepare Consultant’s reports for Board meetings.
Prepare and review Request for Proposals (insurance carriers or service providers).
Draft and/or review plan comparisons, participant notices, Summary Plan Descriptions, Plan Documents, and amendments, as requested.
Assist in compliance and regulatory reporting requirements.
Serve in the primary analyst role with clients.
Attend client meetings along with Consultant, which may include some out-of-town and overnight travel.
Regularly present to clients and colleagues.
Collaborate with, oversee, and mentor other analysts to develop/improve data and project management capabilities.
Act as a peer backup to analysts.
Communicate both in writing and verbally with external clients and effectively communicate across departments and teams within the organization; Health & Welfare, Actuarial, OPEB & Pension, Communication, etc.