Employee Benefit Analyst IV

USI Insurance Services; Raleigh (NC); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Health benefits

Dental & vision coverage

401(k) plan

Job summary

USI Insurance Services in Raleigh, NC seeks an Analyst to perform financial analytics for predominantly fully insured benefit programs. You will prepare standard analyses, model renewal scenarios, and analyze claims utilization for clients with 100–250 lives.

You will develop strategies, coordinate with carriers for quotes, and support client communications with executive summaries. This role emphasizes data-driven insights and timely collaboration in a fast-paced team.

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.

Responsibilities

• Analyze information and create financial deliverables for clients with less complex benefit programs.
• Prepare standard analyses with minimal customization (market review, renewal projections, claims analysis).
• Develop alternative strategies, plan modeling, and cost reduction opportunities.
• Serve as primary contact with carriers for marketing coverage and quotes; evaluate options and negotiate rates.
• Develop and maintain carrier relationships and analyze claims experience data.

Skills

Analytical skills

Communication

Team collaboration

Education

High School Diploma

Tools

Microsoft Office

Excel

Job description

Description and Requirements

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
  • 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.

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.

Benefits

• Wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long‑term disability, life insurance and other unique employer‑sponsored and voluntary programs.
• Generous paid time off policy, paid family leave benefit and paid holiday time.