Benefits Analyst II

Alliant Insurance Services; Massachusetts; On-site; USD 70,000 - 90,000; Full time

Job summary

Alliant Insurance Services is seeking a Renewal Analyst to support the account team in processing renewals, conducting marketing, and preparing financial summaries for fully-insured and self-funded accounts.

You will analyze provider networks, carrier utilization, and benchmark data to inform renewal strategies and plan design changes while coordinating with carriers and vendors to obtain preliminary or firm renewal quotes.

Qualifications

• Bachelor’s degree or equivalent combination of education and experience.
• 1+ year related work experience in a similar role.
• Valid insurance license or ability to obtain within 90 days.

Responsibilities

• Renewals processing for assigned accounts and preparing marketing materials.
• Analyze provider network and carrier utilization to identify cost drivers.
• Coordinate renewal project timelines and responsibilities with the account team.
• Prepare financial summaries and renewal presentations for clients and carriers.
• Support in-market negotiations and options to optimize client renewals.

Skills

Microsoft Office

Excel

Communication

Time management

Teamwork

Analytical thinking

1+ years experience

Education

Bachelor’s degree in Business or Mathematics

Tools

CRM systems

Job description

At Alliant Insurance Services, we thrive on creating employee benefits solutions built on the idea that health makes growth possible. As top tier professionals dedicated to solving our clients' health and welfare insurance challenges, Alliant team members deliver an unrivaled depth of service, and our unique approach enables us to help clients stay resilient and turn change into opportunity. This position is a chance to join a dynamic, expanding company with prospects for individual and career growth.

As one of the 5 largest insurance brokerage firms in the U.S., Alliant provides property and casualty, workers' compensation, employee benefits, surety, and financial products and services to clients nationwide.

More information is available at www.alliant.com.

Hybrid work schedule: In-office requirement.

Summary

Responsible for working with account team in processing renewals, conducting and analyzing marketing, preparing financial summaries and providing general technical support for assigned fully-insured and self-funded accounts. Performs a variety of analysis including provider network analysis and carrier utilization analysis.

Essential Duties And Responsibilities

• Initiates recurring analyst renewal projects on assigned accounts (pre-renewal spreads, carrier renewal process initiation, information requests, etc.)
• Gathers, reviews and validates all information related to assigned clients for renewal analysis and marketing purposes, gaining comprehensive familiarity with client’s current details and history
• Evaluates carrier utilization reporting to identify key cost drivers and make recommendations for possible plan design changes
• Coordinates and assists in renewal challenges (underwriting)
• Creates new financial reporting package from templates as needed
• Conducts provider network comparison analysis (access disruption analysis)
• Coordinates with account team to understand strategy for client renewal and define roles and responsibilities. Revisits throughout the renewal development process, outlining renewal project action items, including all deadlines
• Collaborates with all current insurance carriers and vendors to obtain preliminary and/or firm renewals and prepares initial financial summary and benefit highlights
• Presents preliminary renewal summaries and marketing results to account team to determine plan options and/or marketing strategy
• Works with account team to develop and execute negotiation strategy
• Presents all final results to account team
• Determines content and structure of renewal presentation and identifies analytical support materials (i.e.; utilization review, contribution strategy, benchmarking, financial reporting, etc.)
• Executes all relevant plan option requests, marketing projects and necessary analysis to complete account strategy objectives
• Reviews all marketing and plan option responses, evaluates for accuracy and completeness, and requests clarifications and revisions as needed
• Handles ongoing (monthly/quarterly) client maintenance projects as determined by account team
• Reviews team members work for accuracy and completeness as needed
• Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information)
• Other duties as assigned

Qualifications

• Bachelor’s degree or equivalent combination of education and experience. Degree in Business or Mathematics preferred.
• One (1) or more years related work experience
• Valid insurance license (or must be obtained within ninety (90) days of employment)
• Must continue to meet Continuing Education requirements for license renewal
• Basic knowledge of compliance topics (HIPAA, COBRA, ACA, Medicare).
• Basic knowledge of programs (know of existence and how to get a quote).

Salesforce Experience Preferred

• Knowledge of all major fully-insured and self-funded lines of benefits insurance (Medical, Dental, Vision, Life and Disability, EAP)

Skills

• Proficient in Microsoft Office Suite: Excel, Power Point, and Outlook
• Intermediate skills in Microsoft Excel
• Excellent verbal and written communication skills
• Excellent problem solving and time management skillsGood customer service skills, including telephone and listening skills
• Excellent planning, organizational and prioritization skills
• Ability to work within a team and to foster teamwork
• Ability to work productively as an individual to accomplish assigned projects
• Ability to prioritize work for multiple projects and deadlines

We are proud to provide comprehensive, high quality employee programs to meet employees' needs now and in the future, including a very competitive financial package. We encourage you to explore what we have to offer.

Alliant Insurance Services, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment based on their qualifications and ability without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, sexual orientation, and gender identity), national origin, ancestry, physical or mental disability, medical condition, marital status, age, genetic information, or status as a protected veteran, in accordance with applicable federal, state, and local laws, including California law.

Applicants are protected under Federal law from discrimination. If you need an accommodation to complete the application process or would like to review these materials in an alternative format, please reach out to [e-mail].

For more information on Alliant Insurance Service's benefits, please visit www.alliant.com/about/careers/benefits.