Benefits Analyst

People Corporation; Old Toronto; Hybrid; CAD 50,000 - 90,000; Full time

Job summary

Join a forward-thinking company as a Benefits Analyst, where you will play a crucial role in providing group benefits consulting support. This dynamic position involves designing and managing group benefits for diverse clients, conducting financial analysis, and ensuring compliance with underwriting agreements. You will collaborate with internal teams and vendors, making a significant impact on client satisfaction and business success. If you have a strong analytical background and a passion for helping businesses thrive, this opportunity is perfect for you. Enjoy a supportive environment that values diversity and offers competitive compensation along with excellent health and wellness benefits.

Benefits

Extended health care benefits

Dental benefits

Retirement savings plan with contributions

Health & Wellness offerings

Mental Health programs

Support for industry designations

Competitive compensation

Qualifications

• Minimum 2 years’ experience in group benefits is required.
• Knowledge of Canadian benefits industry and underwriting requirements is essential.

Responsibilities

• Manage group medical, dental, life, and disability benefits for clients.
• Conduct annual renewal analysis and prepare client reports.
• Support consulting team in client presentations and meetings.

Skills

Group Benefits Consulting

Financial Management

Analytical Skills

Microsoft Excel

Communication Skills

Organizational Skills

Education

LLQP Certification

CEBS Certification

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Microsoft Outlook

Job description

Toronto (hybrid)

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.

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.

In this role, you will:

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

Other responsibilities may also include, as needed:

1. Conduct plan design benchmarking studies.
2. Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy.
3. Prepare/review master application and all other documentation for new sales submissions.
4. Monitor implementation process to ensure deadlines met, questions answered, all forms completed in order to meet effective date.
5. Prepare detailed plan design documents using excel template and update when required.
6. 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:

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

What’s in It for You:

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

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 to [e-mail].