Senior Financial Strategist - Team Lead/Employee Benefits

IMA Financial Group•Denver, CO

6d•$140,000 - $170,000

About The Position

ESSENTIAL JOB RESPONSIBILITIES include but are not limited to: Supports and demonstrates IMA’s core values Values and understands the importance of diversity, equity, and inclusion among all IMA associates Interacts professionally and timely with internal and external clients via email, phone and in-person People Management Coordinates and manages the overall work and projects of assigned analysts, providing clear communication of expectations, established timeframes, regular progress updates, and annual performance evaluations Assigns clients, assesses workload, and manages and organizes workflow within their team Provides feedback to service team members as needed, in support of their on-going professional development goals to ensure client expectations are met Participates in the hiring process for direct reports as well as additional department hires Assists with national and local office meetings, communicating information and updates In all aspects of client relationships, mentors analysts and senior analysts to support associate growth and local expertise development in emerging markets Regularly identifies opportunities to ensure quality standards, including implementation of best practices and peer review standards Interacts with client executives and client managers to ensure work quality across all functions Financial Strategy Leads complex technical work and strategic financial consulting regarding employee benefit plans Communicates technical analysis to clients regarding cost projections, savings opportunities, and proper risk management Drives local process improvements and supports innovation Supports national initiatives to develop and maintain strategic underwriting and financial strategy tool development Utilizes actuarial modeling tools in support of client work across the local book of business Marketing/RFPs 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 Renewals Initiates review of fully insured medical, and self-funded TPA and stop loss renewals, including plans, cost, contributions and contract terms Leads recommendations to client regarding renewal analysis Utilizes actuarial models to assess changes to risk and plan structure Partnership & Negotiation Negotiates with carriers based on client’s targeted goals Maintains ongoing relationships with carrier and vendor partners Underwriting & Analysis Provides analysis for benchmarking, contribution, disruption, network, stop loss deductible and GeoAccess analysis Provides and communicates 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 Reporting With minimal guidance, analyzes data for inconsistencies and trends Provides a written and oral summary of findings to Client Executive, and directs strategic considerations for managing cost Builds and customizes reports to fit client needs Presentation Prepares client presentations and presents in front of client with as part of team with Client Executive, Client Manager, and various subject matter experts. Training & Mentorship Provides mentorship to analysts and performs technical review of work Serves as a subject matter expert for specific financial strategy functions, and leads local process improvements Serves as experienced peer reviewer, ensuring standards of practice and work quality standards are met

Requirements

8+ years of similar or related experience
Prefer college graduate, 4-year degree or equivalent experience
Proficiency with MS Office Suites
Attains Life and Health license & maintains through continuing education requirements
Limited travel required (less than 25%)
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
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Responsibilities

Supports and demonstrates IMA’s core values
Values and understands the importance of diversity, equity, and inclusion among all IMA associates
Interacts professionally and timely with internal and external clients via email, phone and in-person
Coordinates and manages the overall work and projects of assigned analysts, providing clear communication of expectations, established timeframes, regular progress updates, and annual performance evaluations
Assigns clients, assesses workload, and manages and organizes workflow within their team
Provides feedback to service team members as needed, in support of their on-going professional development goals to ensure client expectations are met
Participates in the hiring process for direct reports as well as additional department hires
Assists with national and local office meetings, communicating information and updates
In all aspects of client relationships, mentors analysts and senior analysts to support associate growth and local expertise development in emerging markets
Regularly identifies opportunities to ensure quality standards, including implementation of best practices and peer review standards
Interacts with client executives and client managers to ensure work quality across all functions
Leads complex technical work and strategic financial consulting regarding employee benefit plans
Communicates technical analysis to clients regarding cost projections, savings opportunities, and proper risk management
Drives local process improvements and supports innovation
Supports national initiatives to develop and maintain strategic underwriting and financial strategy tool development
Utilizes actuarial modeling tools in support of client work across the local book of business
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
Leads recommendations to client regarding renewal analysis
Utilizes actuarial models to assess changes to risk and plan structure
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 and communicates 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
With minimal guidance, analyzes data for inconsistencies and trends
Provides a written and oral summary of findings to Client Executive, and directs strategic considerations for managing cost
Builds and customizes reports to fit client needs
Prepares client presentations and presents in front of client with as part of team with Client Executive, Client Manager, and various subject matter experts.
Provides mentorship to analysts and performs technical review of work
Serves as a subject matter expert for specific financial strategy functions, and leads local process improvements
Serves as experienced peer reviewer, ensuring standards of practice and work quality standards are met