Job Description
USI Insurance Services is one of the largest insurance brokerage and consulting firms in the world, and they are seeking an Employee Benefits Analyst II. The role involves analyzing financial information for clients with benefit programs, preparing standard analyses, and serving as the primary contact with insurance carriers for marketing coverage.
Responsibilities
- Responsible for financial analytics for predominantly fully insured clients. Some clients may be self-funded. Typical client size is 100 to 250 lives
- Prepare standard analyses with minimal customization. Analyses may include: Market review analysis, Renewal rate and funding projections and modeling, Analysis of claims utilization, Rate and Contribution analysis, Claims experience reports, Benchmarking, Financial funding analysis with guidance
- Develop alternative strategies, plan modeling, and cost reduction opportunities
- Perform technical analysis of group insurance contracts and financial arrangements
- Serve as primary contact with insurance carriers for marketing coverage for new business quotes and renewal. Includes requesting quotes, evaluating options, and conducting fact-based negotiation of rates and benefit features
- Develop and maintain excellent carrier relationships
- Analyze claims experience data. With guidance identify financial performance conclusions
- Write client facing Executive Summaries that provides observations and findings. With guidance, recommend solutions and next steps
- Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters
- Participate in the peer review process, primarily as the reviewed party. May also act as a reviewer, predominantly for Associate Analyst I and Analyst II work
- Receive assistance and guidance from Benefit Analyst Team mentors
- With guidance, use analytic tools
- Keep current on industry information, technology, and trends
- Successfully maintain and service a full book of business
Skills
- 1 year + experience in employee benefits required
- High School Graduate
- Must hold or be willing to obtain a state Life & Disability insurance license
- Ability to work in a fast-paced, team environment with minimal instruction
- Ability to manage and negotiate multiple priorities and deadlines
- Strong written, verbal, and interpersonal communication skills
- Comfortable with internet-based programs and Microsoft Office products
- Ability to carry out complex tasks with many concrete and abstract variables
- Strong problem solving and critical thinking skills
- College degree preferred
Benefits
- Medical
- Wellness
- Dental
- Vision
- 401(k)
- Flexible spending and health savings accounts
- Short and long-term disability
- Life insurance
- Paid time off policy
- Paid family leave benefit
- Paid holiday time
Company Overview
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