Benefits Account Associate - Client Strategy & Renewals

Lockton Companies; Dallas (TX); On-site; USD 65,000 - 95,000; Full time

Job summary

Lockton Companies LLC seeks an Associate Account Executive in Employee Benefits to deliver high-level client service and strategic support. The role partners with clients and vendors to design funding solutions, manage renewals, and implement plan changes while maintaining compliance and robust reporting.

You will engage in strategic planning discussions, build strong relationships, and coordinate RFP processes, open enrollments, and communications with marketing.

Qualifications

• Bachelor’s degree or equivalent years of experience in a business field.
• 3+ years in the insurance industry, specifically in employee welfare benefits.
• Knowledge of financial arrangements and products (fully-insured, self-insured, ASO).
• Experience with a broker and/or employee benefits industry.
• Ability to interact with vendors and clients and manage plan strategies.
• Proficient with Word, Outlook, Excel, PowerPoint.

Responsibilities

• Participate in discussions on strategic planning and consulting for overall plan strategy
• Collaborate with clients to determine funding solutions, long range objectives and overall risk tolerance
• Negotiate baseline quotes with carriers and make recommendations to plan design for smaller accounts
• Handle day-to-day issues and questions of clients under team lead’s book of business
• Participate in yearly renewals and open enrollment meetings by presenting marketing materials and benefit changes to clients
• Assist with the production of Request for Proposals (RFP’s) by coordinating vendor responses, analysis and comparison of internal responses, and preparing client report recommendations
• Facilitate quotes, amendments and reinstatements as requested or needed
• Interprets clients’ current coverages and identifies/recommends gaps, alternatives, additional plan design changes, etc.
• Develop financial models and reports for client service team, provides interpretation and implication of recommended alternatives
• Assist in developing an implementation plan to include coordination of OE meetings and other key deliverables
• Collaborate with Marketing to create communications such as OE guides, fliers and presentations
• Collaborate with team to ensure proper review of all agreements and/or documents
• Conduct industry specific surveys as may be requested by client
• Participate in client meetings to review a) large claims b) abnormal utilization results c) monthly claims experience d) set strategies and goals e) conduct on-site claim visits
• Research and understand industry trends and carrier product offerings by facilitating meetings with vendors on new products
• Maintain knowledge of governmental compliance and regulations to educate and consult client(s) by partnering with internal legal counsel
• Other responsibilities as assigned and/or needed

Skills

Excellent organizational skills

Communication skills

Vendor/client relationship management

Plan strategy management

Industry knowledge: employee benefits

Education

Bachelor’s Degree in a business-related field

Tools

Microsoft Office Suite

Job description

Lockton Companies LLC seeks an Associate Account Executive in Employee Benefits to deliver high-level client service and strategic support. The role partners with clients and vendors to design funding solutions, manage renewals, and implement plan changes while maintaining compliance and robust reporting.

You will engage in strategic planning discussions, build strong relationships, and coordinate RFP processes, open enrollments, and communications with marketing.