Benefits Analyst Jobs

About The Position

Requirements

• State Life, Accident & Health Insurance License is required upon hire or within 90 days of hire and must be maintained.
• High school diploma or equivalent required.
• Minimum of 3 years of relevant and progressive experience, or equivalent combination of education and job-related experience.
• Proficient to advanced skills in using computers, Microsoft Office Suite (emphasis on Excel and PowerPoint) and online rating systems.
• Excellent interpersonal and communications skills are required to maintain effective relationships with clients, co-workers, carriers, vendors, and others.
• Ability to work independently with limited daily supervision and to work effectively in a team environment.
• Ability to function effectively under tight time constraints, consistently meets strict deadlines, prioritize, and handle multiple tasks in a demanding work environment.
• Demonstrated initiative to identify and overcome obstacles, manage through ambiguity, remain focused and highly productive.
• Ability to think critically, creatively, analytically, and with sound judgment to develop and provide comprehensive, in-depth financial analyses and ad hoc projects.
• Must have valid driver’s license, ability to travel to client sites and reliable transportation.

Nice To Haves

• Four-year degree in Accounting, Finance, Economics, Business, Statistics or another related field preferred.
• Previous health insurance experience preferred.
• Ability to work flexible hours as required, including out-of-town travel.

Responsibilities

• Designs, develops and prepares accurate and timely reports and analysis, providing financial guidance and general direction for influencing clients’ decisions and the achievement of strategic goals.
• Gathers benefits information from a variety of sources, develops Request for Proposal (RFP) templates, coordinates responses from the carriers, inputs data and maintains all appropriate documentation. Prepares draft presentation to client and team leadership.
• Requests, analyzes and negotiates renewals for all line of coverage for Health & Welfare plans.
• Conducts plan/benefit change analysis including but not limited to self-insured feasibility, CDHP feasibility & funding analysis.
• Analyzes and assists in making recommendations on client strategy and cost containment initiatives. This includes both detailed technical work, as well as client communication as reports and models are provided to clients.
• Assists in preparing the Rate Development Templates, RFP analysis and templates for all lines of business.
• Prepares and/or reviews monthly clients financial reports and plan performance monitors.
• Develops benchmarking reports by gathering health benefits data to compare a client’s plan information to other companies by industry or geography and provide results to client in appropriate format.
• Prepare ad-hoc reports as required.
• Performs other projects, duties, and tasks, as assigned.

Benefits

• family health and wellness programs
• 401K
• employee assistance programs
• paid time off
• paid holidays