Benefit Analyst

People Corporation; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading company in benefits consulting is seeking a Benefits Analyst to provide consulting support and manage client benefit programs. This role involves financial management, client interaction, and quality assurance. Ideal candidates will have an actuarial background and extensive knowledge of the Canadian benefits industry. You will work collaboratively with internal teams and clients, enhancing the effectiveness of group benefits solutions while enjoying a competitive compensation package and comprehensive benefits.

Benefits

Extended health care and dental benefits

Retirement savings plan with 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.
• Strong written and verbal communication skills.

Responsibilities

• Contribute to design and management of group benefits.
• Lead renewal analysis and negotiations.
• Monitor carrier/provider service standards.

Skills

Analytical skills

Organizational skills

Communication skills

Detail-oriented

Education

LLQP

CEBS

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Microsoft Outlook

Job description

TheBenefits Analystwill 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]

We know that it's the vast expertise and commitment of our teams in People Corporation and our Partner Firms that have put us where we are today. We value our employees and provide competitive salaries, a comprehensive group benefits plan, and a generous retirement savings plan. And we're in it for the long haul - once you join us, we want you to thrive. If you want to make a difference in the lives of customers, if you take pride in a job well done, and if you like to have fun, talk to us.

To learn more about our Partner Firms, please click on the link below.

https://www.peoplecorporation.com/en-ca/about-us/our-partner-firms

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