EB Benefits Analyst II - Entry Level - Hybrid

Usi Insurance; St. Louis (MO); On-site; USD 50,000 - 70,000; Full time

Job summary

Usi Insurance is seeking a financial analyst in St. Louis, Missouri, responsible for analyzing data and creating financial deliverables for clients. The position focuses on financial analytics for group insurance, requiring excellent problem-solving and interpersonal skills.

The ideal candidate will have at least 1 year of experience in employee benefits, be a high school graduate with a preference for a college degree, and must be willing to obtain a state Life & Disability insurance license.

Qualifications

• 1+ years experience in employee benefits or related field.
• Must hold or be willing to obtain a state Life & Disability insurance license.
• Ability to work in a fast-paced team environment.

Responsibilities

• Analyze financial data for various clients.
• Prepare financial analyses including market reviews and funding projections.
• Develop strategies for cost reduction and plan modeling.

Skills

Financial analytics

Problem solving

Interpersonal communication

Negotiation skills

Microsoft Office

Education

High School Graduate

College degree preferred

Job description

Responsible for analyzing information and creating financial deliverables for clients with less complex benefit programs.

Job Responsibilities

• Responsible for financial analytics for predominantly fully insured clients. Some clients may be self-funded. Typical client size is 100 to 250 lives.
• Prepare standard analyses with minimal customization. Analyses may include:
  • Market review analysis
  • Renewal rate and funding projections and modeling
  • Analysis of claims utilization
  • Rate and Contribution analysis
  • Claims experience reports
  • Benchmarking
  • Financial funding analysis with guidance
• Develop alternative strategies, plan modeling, and cost reduction opportunities.
• Perform technical analysis of group insurance contracts and financial arrangements.
• Serve as primary contact with insurance carriers for marketing coverage for new business quotes and renewal. Includes requesting quotes, evaluating options, and conducting fact-based negotiation of rates and benefit features.
• Develop and maintain excellent carrier relationships.
• Analyze claims experience data. With guidance identify financial performance conclusions.
• Write client-facing Executive Summaries that provide observations and findings. With guidance, recommend solutions and next steps.
• Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters.
• Participate in the peer review process, primarily as the reviewed party. May also act as a reviewer, predominantly for Associate Analyst I and Analyst II work. Receive assistance and guidance from Benefit Analyst Team mentors.
• With guidance, use analytic tools.
• Keep current on industry information, technology, and trends.
• Successfully maintain and service a full book of business.

Qualifications

• 1 year + experience in employee benefits or related field.
• High School Graduate. College degree preferred.
• Must hold or be willing to obtain a state Life & Disability insurance license.
• Ability to work in a fast-paced, team environment with minimal instruction.
• Ability to manage and negotiate multiple priorities and deadlines.
• Strong written, verbal, and interpersonal communication skills.
• Comfortable with internet-based programs and Microsoft Office products.
• Ability to carry out complex tasks with many concrete and abstract variables.
• Strong problem solving and critical thinking skills.