Benefits Analyst

BSI Corporate Benefits; Bethlehem (Northampton County); Hybrid; USD 55,000 - 60,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

Life insurance

401k with company match

Profit-sharing

Job summary

BSI Corporate Benefits seeks a Benefits Analyst to help clients understand financial impacts of benefit programs, evaluate plan options, and support business objectives. The role focuses on data-driven recommendations, RFP preparation, and collaborative client management.

You will analyze claims and funding data, prepare reports, and build cost projections while maintaining strong carrier relationships and contributing to strategic initiatives.

Qualifications

• Bachelor's degree in Business, Actuarial Science, Finance, Economics, Mathematics, Risk Management, or a related field preferred.
• 2-3 years' of experience with data management.
• Carrier, brokerage, agency, or employee benefits consulting experience preferred.
• Experience reading, interpreting, and analyzing insurance carrier reports, claims data, and financial information.
• Strong analytical and problem-solving skills with the ability to evaluate complex data and provide meaningful recommendations.
• Advanced proficiency in Microsoft Excel, including financial modeling, reporting, formulas, pivot tables, and data analysis.
• Excellent verbal and written communication skills with the ability to explain technical information clearly.

Responsibilities

• Analyze claims, enrollment, contributions, utilization, and financial data to identify trends and provide recommendations.
• Compile census, financial, and plan information to prepare RFPs.
• Develop, market, and manage RFPs to carriers and vendor partners; track results and timelines.
• Prepare client and prospect reporting including plan cost history and multi-year cost projections.
• Create side-by-side benefit comparisons and total cost exhibits using Excel.
• Support Account Management teams with requests and solutions; assist with new business opportunities.
• Provide coverage for client needs during Account Executive absences.
• Participate in special projects and strategic initiatives as assigned.

Skills

Data analysis

Excel proficiency

Financial modeling

Communication skills

Problem solving

Education

Bachelor's degree in Business/Actuarial Science/Finance/Economics/Mathematics/Risk Management

Tools

Excel

Outlook

Word

PowerPoint

Job description

At BSI Corporate Benefits, data-driven decision making is at the heart of delivering exceptional employee benefit solutions. As a Benefits Analyst, you will play a vital role in helping clients understand the financial impact of their benefit programs, evaluate plan and funding options, and make informed decisions that support both their employees and business objectives. Your expertise will help drive client retention, revenue growth, and the delivery of innovative benefits strategies.

What Makes This Job So Unique?

• Analyze claims, enrollment, contribution, utilization, and financial data to identify trends and provide recommendations that enhance client benefit strategies.
• Compile census, financial, and plan information necessary to prepare comprehensive and accurate Requests for Proposal (RFPs).
• Develop, market, and manage RFPs to insurance carriers and vendor partners while tracking results and ensuring timelines are met.
• Prepare client and prospect reporting, including plan cost history, benchmarking, contribution analysis, network discount analysis, enrollment tracking, PEPY calculations, disruption analysis, funding comparisons, and multi-year cost projections.
• Create side-by-side benefit comparisons, rate analyses, funding comparisons, and total cost exhibits using Excel and other reporting tools.
• Responsible for proactively meeting with Account Management teams and preparing claims analysis that meet market requirements and renewal objectives from ongoing strategic planning sessions on client needs.
• Confirm final rating and implementation accuracy by reviewing first invoices and carrier billing following plan renewals.
• Build and maintain strong relationships with carrier partners through regular communication, meetings, and industry events.
• Support Sales and Account Management teams by responding to requests, researching solutions, and assisting with new business opportunities.
• Provide coverage and support for client needs during Account Executive absences.
• Participate in special projects and strategic initiatives as assigned by leadership.

Qualified Candidates Should Possess

• Bachelor's degree in Business, Actuarial Science, Finance, Economics, Mathematics, Risk Management, or a related field preferred.
• 2 - 3 years' of experience with data management.
• Carrier, brokerage, agency, or employee benefits consulting experience preferred.
• Experience reading, interpreting, and analyzing insurance carrier reports, claims data, and financial information.
• Working knowledge of Health Savings Accounts (HSAs), consumer-directed health plans, and employee benefits funding arrangements.
• Strong analytical and problem-solving skills with the ability to evaluate complex data and provide meaningful recommendations.
• Advanced proficiency in Microsoft Excel, including financial modeling, reporting, formulas, pivot tables, and data analysis.
• Strong working knowledge of Microsoft Outlook, Word, and PowerPoint.
• Exceptional organizational skills with the ability to manage multiple priorities and deadlines in a fast-paced environment.
• Excellent verbal and written communication skills with the ability to explain technical information in a clear and concise manner.
• Ability to establish strong working relationships with clients, carrier representatives, and internal stakeholders.
• High energy level with the ability to work effectively under pressure while balancing multiple projects and frequent interruptions.

Award-Winning Culture, Expertise, and Service Excellence

• Inc. Best in Business - (2022)
• The Chamber Business of the Year - (2022)
• Lehigh Valley Community Service Award PICPA & Lifepath - (2020)
• Inc. Best Workplaces - (2021 - Present)
• Lehigh Valley Business Fastest Growing Companies - (2014 - Present)
• Who's Who in Business - (2021 - Present)
• Inc. 5000 Fastest Growing Privately Held Company - (2020 & 2021)
• Lehigh Valley Business Best Benefits Consulting Firm - (2017 - Present)

What We Offer You

BSI engages in an employee-first approach as part of our team-oriented and supportive culture. We offer a variety of benefits and perks, including:

• Comprehensive medical, dental, and vision benefits
• Employer-paid STD, LTD, and life insurance; voluntary supplemental life and AD&D insurance options provided
• Telemedicine and employee wellness program
• 401k plan with a generous company match
• Profit-sharing plan
• Tuition assistance and student loan repayment benefits
• Generous PTO plan and paid holidays (including your birthday!)
• Hybrid work model
• Free coffee/tea at the local coffee shop located near our office
• Healthy snacks in the officeSummer Flex Fridays
• Fun, team-spirited work environment with company events, cultural activities, and team bonding

Please be advised that per company policy, BSI is unable to consider candidates employed by current BSI clients. We appreciate your understanding.

We continually celebrate the diverse community that different individuals cultivate. As an equal opportunity employer, we stay true to that by ensuring our workplace is anyone's workplace.

Salary: $55000 - $60000 per year