Benefits Analyst

Machota Solutions; Troy (MI); On-site; USD 60,000 - 80,000; Full time

Job summary

Machota Solutions in Troy, MI is seeking an Employee Benefits Financial Analyst to join its growing team. You will analyze benefit programs, evaluate market options, and develop strategies balancing costs and client objectives.

This role focuses on carrier quoting, plan design comparisons, renewal analysis, and underwriting coordination within a collaborative, client-focused environment.

Qualifications

• Bachelor's degree in Finance, Economics, Business, or related field, and/or at least two years of relevant industry experience.
• Experience within employee benefits, group health insurance, insurance brokerage, underwriting, or related environment.
• Familiarity with insurance carriers, employee benefit plans, and underwriting processes.
• Strong analytical and mathematical abilities.
• Excellent attention to detail.
• Ability to analyze data and communicate findings clearly.
• Strong organizational and time-management skills.
• Comfort working in a collaborative, client-focused environment.
• Proficiency with Microsoft Excel, Word, PowerPoint, and Adobe.
• Experience working within CRM, agency management, or insurance-related database systems.

Responsibilities

• Manage underwriting & RFPs: own the benefits underwriting process, including census data, carrier RFPs, quotes, market comparisons, plan design analysis, negotiations, and recommendations.
• Analyze benefits & financial data: review claims, utilization, renewals, and healthcare trends; model employer/employee contributions and identify cost-management opportunities.
• Support client renewals: partner with advisors to evaluate renewal options, develop benefits strategies, and participate in client renewal meetings.
• Stay current: monitor carrier offerings, healthcare trends, regulations, and other developments impacting employee benefit plans.
• Maintain documentation: accurately track client, carrier, and renewal activity within agency management and CRM systems.
• Collaborate across the team: work closely with advisors, account management, carriers, and clients while supporting retention, prospecting, and special projects.

Skills

Analytical skills

Mathematical ability

Attention to detail

Communication of findings

Time management

Education

Bachelor's degree in Finance, Economics, Business, or related field

Tools

Excel

Word

PowerPoint

Adobe

CRM systems

Job description

Salary: $60,000-80,000 (with some wriggle room for extensive industry experience)

About the Opportunity

A well-established, independent employee benefits and insurance consulting firm located in Troy, MI is seeking an Employee Benefits Financial Analyst to join its growing team.

The organization partners with employers to design, evaluate, and manage employee benefit programs, combining analytical expertise with a highly consultative approach to client service. This position will work closely with internal advisors, insurance carriers, and clients to analyze benefit programs, evaluate market options, and develop strategies that balance competitive benefits with clients' financial objectives.

Important: Despite the Benefits Analyst title, this is not a traditional corporate finance, FP&A, accounting, investment, actuarial, or pension position as this is an employee benefits insurance role focused on carrier quoting, plan design comparisons, renewal analysis, claims data, underwriting coordination, and benefits strategy.

What You'll Do

Manage Underwriting & RFPs: Own the benefits underwriting process, including census data, carrier RFPs, quotes, market comparisons, plan design analysis, negotiations, and recommendations.

Analyze Benefits & Financial Data: Review claims, utilization, renewals, and healthcare trends; model employer/employee contributions and identify cost-management opportunities.

Support Client Renewals: Partner with advisors to evaluate renewal options, develop benefits strategies, and participate in client renewal meetings.

Stay Current: Monitor carrier offerings, healthcare trends, regulations, and other developments impacting employee benefit plans.

Maintain Documentation: Accurately track client, carrier, and renewal activity within agency management and CRM systems.

Collaborate Across the Team: Work closely with advisors, account management, carriers, and clients while supporting retention, prospecting, and special projects.

What We're Looking For

• Bachelor's degree in Finance, Economics, Business, or a related field and/or at least two years of relevant industry experience
• Previous experience within employee benefits, group health insurance, insurance brokerage, underwriting, or a related environment
• Familiarity with insurance carriers, employee benefit plans, and underwriting processes
• Strong analytical and mathematical abilities
• Excellent attention to detail
• Ability to analyze data and communicate findings clearly
• Strong organizational and time-management skills
• Comfort working in a collaborative, client-focused environment
• Proficiency with Microsoft Excel, Word, PowerPoint, and Adobe
• Experience working within CRM, agency management, or insurance-related database systems