Senior Benefits Analyst

People Corporation; Old Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Benefits Analyst to join their dynamic team in Toronto. This role involves collaborating with experts to design and deliver innovative group benefits solutions, ensuring high-quality outcomes for clients. The successful candidate will analyze benefits programs, negotiate with carriers, and provide strategic insights to enhance employee benefits plans. With a focus on professional development and a commitment to diversity, this opportunity offers a supportive environment where you can thrive and make a significant impact in the field of benefits consulting.

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

• 2-5 years’ experience in group benefits analysis required.
• Advanced competency with Microsoft Excel is essential.

Responsibilities

• Evaluate and recommend enhancements to employee benefits plans.
• Perform annual renewal analysis and negotiate with carriers.
• Lead marketing initiatives and prepare comprehensive reports.

Skills

Group Benefits Analysis

Financial Management

Microsoft Excel

Analytical Skills

Communication Skills

Organizational Skills

Education

LLQP

CEBS

Tools

Microsoft Word

Microsoft PowerPoint

Microsoft Outlook

Job description

We are seeking a Senior Benefits Analyst to join our team in Toronto.

Join our Enterprise Group Solutions Consulting team as a Senior Benefits Analyst, where you'll work closely with our Lead Consultant and Director to create and deliver innovative group benefits consulting solutions. This includes strategic plan design, financial management, and driving the delivery of solutions that meet and exceed client expectations. Reporting directly to the Director of Enterprise Group Solutions, you will collaborate closely with our internal consulting team, engage with vendors, and ensure high-quality outcomes at every step.

The Senior Benefits Analyst will:

• Benefits Program Analysis and Design: Evaluate and recommend enhancements to employee benefits plans, such as health, dental, life, and disability insurance, to meet client or organizational objectives
• Perform annual renewal analysis, negotiate with carriers, and prepare comprehensive client reports and presentations
• Analyze experience reporting, develop budget projections, and assess plan financial performance
• Lead marketing initiatives by preparing and submitting specifications, conducting cost comparisons, analyzing responses, and delivering recommendations through detailed marketing reports
• Evaluate data to determine cost implications of plan design changes
• Ensure carriers and providers adhere to established service standards
• Support the consulting team by preparing detailed documents for client presentations and meetings
• Stay informed of industry trends by participating in conferences, seminars, and professional development opportunities
• Conduct benchmarking studies to compare and optimize plan designs
• Review all benefits documentation, including contracts, booklets, agreements, and amendments, for accuracy and compliance
• Coordinate and oversee the preparation of new sales submissions, including master applications and other essential documents, ensuring smooth implementation and timely execution
• Create and update detailed plan design documents using Excel templates as needed
• Maintain and update key information from insurance carriers
• Manage Enterprise reporting for the client portfolio, including tracking and updating insurance carrier commission schedules

To be successful as a Senior Benefits Analyst with People Corporation, you will need:

• Minimum 2-5 years’ experience in group benefits
• Knowledge of Canadian benefits industry and group benefits financial underwriting requirements for all types of employee benefits plans
• Advanced competency with Microsoft Excel (required)
• Proficiency with Word, PowerPoint and Outlook
• Strong analytical and organizational skills with strong attention to detail and high level of accuracy
• The ability to manage and prioritize competing demands to meet client and company needs
• The ability to work independently and in a team environment
• Strong written and verbal communication skills

All-star candidates will have:

• LLQP and/or CEBS

What's in it for you:

• Learn by working alongside our experts
• 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.

Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to. 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].