Benefit Analyst

Account Management East; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A national benefits provider is seeking a Benefits Analyst in Toronto, Ontario. In this full-time role, you will offer consulting support for group benefits, manage client relationships, and ensure high-quality standards are met. The ideal candidate possesses a minimum of 2 years experience in the Canadian benefits industry and advanced skills in Microsoft Excel. Competitive compensation and a comprehensive benefits package are included.

Benefits

Extended health care and dental benefits

Retirement savings plan with company contributions

Health & Wellness offerings

Mental Health programs

Assistance for industry designations

Competitive compensation

Qualifications

• Minimum 2 years experience in group benefits.
• Knowledge of Canadian benefits industry and financial underwriting requirements.
• Drive to manage and prioritize competing demands.

Responsibilities

• Contribute to the design and management of group benefits.
• Lead annual renewal analysis and negotiations.
• Prepare client reports and presentations.
• Gather data for cost impact determination.
• Build relationships with clients and internal teams.

Skills

Group benefits experience

Analytical skills

Organizational skills

Communication skills

Microsoft Excel proficiency

Education

LLQP, CEBS or willingness to obtain

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Microsoft Outlook

Job description

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.

Responsibilities

• 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 review plan financial performance.
• Review financial statements for accuracy and adherence to underwriting agreements.
• Conduct marketings by preparing and submitting specifications, analysis, cost comparisons, recommendations, and preparing reports.
• 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 and seminars 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 agreements, amendments) for accuracy.
• Prepare / review master application and all other documentation for new sales submissions.
• Monitor implementation process to ensure deadlines are met, questions answered, and all forms completed to meet effective date.
• Prepare detailed plan design documents using Excel templates and update when required.
• Investigate and assist with resolving ad hoc claims and coverage issues for clients.

What 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 willingness to obtain.

Benefits

• 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

About People Corporation

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.

DEI and Accommodation

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 employee has the opportunity to reach their potential. If you require an accommodation or an alternative format of any posting please reach out.

Employment Details

• Employment Type: Full-Time
• Experience: years
• Vacancy: 1