Employee Benefit Analyst IV

USI Insurance Services; Atlanta (GA); On-site; USD 50,000 - 70,000; Full time

Job summary

USI Insurance Services is seeking a professional in Atlanta, Georgia, to handle financial analytics for clients with benefit programs. The role involves preparing analyses, maintaining client communications, and collaborating with insurance carriers to provide solutions.

The ideal candidate should have over a year of experience in employee benefits, excellent communication skills, and be willing to obtain a Life & Disability insurance license. This position offers a dynamic work environment with opportunities for growth.

Qualifications

• 1+ years of experience in employee benefits or a related field.
• Must hold or be willing to obtain a state Life & Disability insurance license.
• Ability to manage and negotiate multiple priorities and deadlines.

Responsibilities

• Responsible for financial analytics for clients with benefit programs.
• Prepare standard analyses with minimal customization for clients.
• Write client-facing Executive Summaries with observations.

Skills

Experience in employee benefits

Strong written communication skills

Analytical skills

Problem solving skills

Proficient with Microsoft Office

Education

High School Graduate

College degree preferred

Tools

Microsoft Office

Job description

Description and Requirements

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

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
• 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 provides 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.

Knowledge, Skills and Abilities

• 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.