Benefit Analyst

People Corporation; Toronto; On-site; CAD 95,000 - 140,000; Full time

Job summary

A leading company in the benefits consulting sector is seeking a Benefits Analyst to support group benefits consulting for large clients. This role involves financial management, client interaction, and collaboration with internal teams, requiring a strong analytical background and proficiency in Excel. The ideal candidate will have at least two years of experience in the benefits industry and will be committed to delivering high-quality service.

Benefits

Extended health care and dental benefits

Retirement savings plan with company contributions

Health & Wellness offerings

Mental Health programs

Assistance for completion of industry designations

Competitive compensation

Qualifications

• Minimum 2 years’ experience in group benefits.
• Knowledge of Canadian benefits industry and underwriting requirements.
• Advanced competency with Microsoft Excel.

Responsibilities

• Contribute to design and management of group benefits.
• Lead annual renewal analysis and negotiations.
• Conduct experience reporting and budget projections.

Skills

Analytical skills

Organizational skills

Attention to detail

Communication skills

Education

LLQP, CEBS or willingness to obtain

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Microsoft Outlook

Job description

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The Benefits Analyst will provide group benefits consulting support, including design and financial management for existing Enterprise and large clients and prospects. The Benefits Analyst will work closely with internal consulting teams, interface with vendors, support client deliverables, and ensure quality standards are met. This position is well suited to someone with an Actuarial background.

The Benefits Analyst Will

• Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients.
• Lead annual renewal analysis and negotiations with carriers; prepare client reports and presentations
• Conduct experience reporting, budget projections and reviewing plan financial performance
• Review financial statements for accuracy and adherence to underwriting agreements
• Conduct marketings by preparing and submitting specifications, analysis, cost comparisons, recommendations, preparing report
• Gather data and determine cost impact for plan design changes
• Monitor carrier/provider services standards
• Support the consulting team in preparing documents for client presentations and meetings
• Participate in industry conferences, seminars, etc. in order to keep abreast of industry trends and activities
• Build relationships with clients, carriers, and internal, cross-functional teams
  
  

Other Responsibilities May Also Include, As Needed

• Conduct plan design benchmarking studies
• Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy
• Prepare/review master application and all other documentation for new sales submissions
• Monitor implementation process to ensure deadlines met, questions answered, all forms completed in order to meet effective date.
• Prepare detailed plan design documents using excel template and update when required
• Investigate and assist with resolving ad hoc claims and coverage issues for clients
  
  

In order to be successful in the Benefits Analyst role, you will need:

• Minimum 2 years’ experience in group benefits
• Knowledge of Canadian benefits industry and group benefits financial underwriting requirements for types of benefits plans
• Advanced competency with Microsoft Excel, Proficiency with Word, PowerPoint and Outlook
• Strong analytical skills
• Excellent organizational skills with strong attention to detail and high level of accuracy
• Drive to manage and prioritize competing demands in order to meet client and company needs
• Ability to work independently and in a team environment
• Strong written and verbal communication skills
• Sensitivity to confidential information
• LLQP, CEBS or willing to obtain
  
  

What’s In It For You

• Extended health care and dental benefits
• A retirement savings plan with company contributions
• A suite of Health & Wellness offerings
• Mental Health programs and support for you and your family
• Assistance for the completion of industry designations
• Competitive compensation
  
  

At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees, members and stakeholders.

We are committed to providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employeehas the opportunity toreach their potential. If you require an accommodation or an alternative format of any posting please reach out to [e-mail]

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Human Resources

• Industries

  Insurance

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