Employee Benefit Analyst III

USI Insurance Services

Phoenix (AZ)

On-site

USD 70,000 - 80,000

Full time

14 days+

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Benefits offered by this job

Competitive pay and benefits

Wellness program and employee benefits

Job summary

USI Insurance Services is seeking an analyst to develop financial deliverables for clients with standard to complex benefit programs, including fully insured and self-funded plans. The role covers market reviews, renewal projections, and claims analysis, with carrier interactions and client communications.

The ideal candidate has 3+ years in employee benefits, a high school diploma (college degree preferred), and proficiency in MS Office.

Qualifications

3+ years of 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.
Strong written, verbal, and interpersonal communication skills.
Working knowledge of Microsoft Office products, including Excel and Word.
Ability to work in a fast-paced, team environment with minimal instruction.
Ability to manage and negotiate multiple priorities and deadlines.
Ability to carry out complex tasks with many concrete and abstract variables.

Responsibilities

Analyze information and create financial deliverables for clients with standard to complex benefit programs.
Prepare standard analyses with occasional customization (market review, renewal rate projections, claims utilization).
Develop and model financial funding analyses and cost reduction opportunities.
Serve as primary contact with insurance carriers for quotes and renewals; prepare renewal/new plan options with executive summaries.
Review carrier renewal illustrations and analyze experience and claims utilization to advise action items.

Skills

Analytical thinking

Communication skills

Teamwork

Microsoft Excel / Word

Education

High school diploma

Bachelor’s degree preferred

Tools

USI 3D

USI Clear Options Rx

actuarial tools

Job description

Description and Requirements

Requirements

General Description

Responsible for analyzing information and creating financial deliverables for clients with standard to complex benefit programs. Includes fully insured and self‑funded clients. Typical client size is 100 to 1,000 lives.

Responsibilities

Responsible for financial analytics for clients that are fully insured and self-funded. Typical client size is 100 to 1,000 lives.
Prepare standard analyses with occasional customization. Analyses may include:
Market review analysis
Renewal rate and funding projections and modelling
Analysis of claims utilization
Rate and Contribution analysis
Claims experience reports
Benchmarking
Financial funding analysis
IBNR and lag analyses
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. Negotiate and market coverage for new business quotes and renewals. Includes requesting quotes, evaluating options, negotiating rates and benefit features, and preparing renewal/new plan options with executive summary.
Develop and maintain excellent carrier relationships.
Review and validate carrier renewal rating illustration.
Analyze experience and claims utilization data for financial and plan usage conclusions. Includes identifying trends and relationship of experience to renewal rating. With guidance suggest action items.
Write client facing Executive Summaries that provide observations, conclusions, recommendations, and next steps. With guidance articulate USI strategic objectives.
Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters.
Occasionally conduct analysis using USI internal and third-party external tools. Includes USI 3D, USI Clear Options Rx, and actuarial tools.
Participate in peer review process as a participant and a reviewer.
Occasionally participate in new Analyst onboarding training.
Keep current on industry and new product information, legislation, technology, and trends.

Knowledge, Skills And Abilities

3 years + of 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.
Working knowledge of Microsoft Office products, including Excel and Word.
Ability to become proficient in internal analytic systems and carrier online reporting tools.
Strong problem solving and critical thinking skills.
Ability to carry out complex tasks with many concrete and abstract variables.

Why USI?

With approximately $3 billion in revenue and over 10,500 associates across approximately 200 offices nationwide, USI is one of the largest insurance brokerage and consulting firms in the world. At USI, we have created one of the most dynamic personal and professional development cultures in the industry. We invest heavily in our associates, and we take pride in celebrating their growth and success through our one‑of‑a‑kind employee reward and recognition programs.

Unrivaled Resources and Support

What truly distinguishes USI as a premier insurance brokerage and consulting firm is the USI ONE Advantage®, a game‑changing value proposition that delivers to clients a robust set of risk management and benefit solutions with bottom‑line financial impact. USI ONE® represents Omni, Network, Enterprise—the three key elements that set USI apart from the competition. Through USI ONE, we develop strategic, timely, and effective risk management and benefit programs in terms that are easy to understand, and we demonstrate how the solutions can have a positive economic impact.

Industry‑Leading Programs, Rewards, and Recognition

In addition to competitive pay, incentives, and benefits, USI recognizes associates through our Summit Awards program, rewarding excellence in those who build our brand each day. USI offers employee programs that recognize outstanding achievement and help our associates lead healthy, productive lives. We turn care into action with our award‑winning wellness program, college scholarships for associates' children, and financial help in times of need.

Deep Community Engagement

We are committed to giving back to our local communities and supporting a culture of environmental sustainability. From sharing our time, talent, and resources to support local non‑profit organizations, animal shelters, and environmental beautification and restoration projects – to partnering with eco‑conscious vendors and taking steps to reduce our own environmental footprint – we’re working together as ONE to build a better future.

Committed to a Diverse and Inclusive Workplace

Our award‑winning I'm With U diversity and inclusion program educates our associates to help them better understand and serve our clients, prospects, fellow team members, and local communities through curated education and training resources, employee support programs, and community outreach initiatives to build a more diverse, equitable, and inclusive culture.

Nationally Recognized as a Top Insurance Employer

Recognized as one of Insurance Business America’s Top Insurance Employers eight consecutive years (2018-2025).
Named to Business Insurance’s annual list of the Best Places to Work in Insurance six years in a row (2020-2025).
Named to Fortune’s Best Workplaces in Financial Services & Insurance list for the last two years (2024-2025).
Certified as a Great Place To Work two years in a row (2024-2025).

Visit our Awards and Accolades page for a complete list of our latest industry awards and recognitions!

USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including