Employee Benefits Analyst

IMA Financial Group; Dallas (TX); On-site; USD 50,000 - 90,000; Full time

Job summary

Join a forward-thinking company that values diversity, equity, and inclusion. This role involves supporting marketing efforts, managing renewals, and conducting thorough analysis for insurance plans. You'll work closely with clients and collaborate with Account Executives to ensure optimal service delivery. With a focus on professional development and a comprehensive benefits package, this position offers a unique opportunity to grow your career while contributing to a recognized top workplace. If you're ready to make an impact in a dynamic environment, this is the place for you.

Benefits

Health and Dental Plans

Vision Insurance

401(k) Plan

Paid Time Off

Flexible Work Options

Professional Development

Sabbatical Opportunities

Gift Matching

Family Assistance

Identity Theft Protection

Qualifications

• 1-5 years of relevant experience in a similar role.
• Proficient in data analysis and project management.

Responsibilities

• Prepare RFPs and manage proposals for insurance submissions.
• Perform underwriting for dental and vision plans.

Skills

Data Analysis

Project Management

Underwriting Concepts

MS Office Proficiency

Client Interaction

Education

4-Year Degree or Equivalent Experience

Tools

MS Office Suite

Job description

ESSENTIAL JOB RESPONSIBILITIES:

• Supports and demonstrates IMA's core values
• Values and understands the importance of diversity, equity, and inclusion among all IMA associates.
• Interact professionally and timely with clients via email, phone, and in person
• MARKETING/RFPs
  • Prepares RFPs for all ASO and fully insured submissions to market with Account Executive guidance
  • Collects, manages, and reviews proposals
  • Updates marketing results into spreadsheets ensuring accuracy for internal use and client presentations
• RENEWALS
  • Requests renewals for all lines of coverage
  • Ensures target renewal release dates are met by carriers
  • Performs initial review of plans, costs, and contract terms within renewal based on criteria provided by Account Executive
  • Provides recommendations to Account Executive
• PARTNERSHIP & NEGOTIATION
  • Follows direction from Account Executive in negotiations with carriers
  • Builds relationships with carrier and vendor partners
• UNDERWRITING & ANALYSIS
  • Provides analysis of benchmarking, contributions, network disruption, and GeoAssess as requested by Account Executive
  • Performs underwriting for dental and vision plans
• REPORTING
  • Manages outsourcing to meet reporting needs
  • Updates monthly claims reports for clients, providing written and oral summaries
  • Builds custom financial/utilization reports as needed
• SYSTEMS/TECHNOLOGY
  • Maintains and utilizes appropriate systems for job functions as determined by the department

REQUIRED EXPERIENCE AND SKILLS:

• 1 - 5 years of relevant or similar experience
• Preferably a college graduate with a 4-year degree or equivalent experience
• Proficient with MS Office Suites, with intermediate skills required
• Attain and maintain a Life and Health license through continuing education
• Limited travel required (less than 25%)
• Understanding of underwriting concepts and actuarial computations
• Ability to analyze and interpret data
• Effective project management skills to handle multiple projects within deadlines
• Ability to handle confidential information tactfully and discreetly

COMPETENCIES & TRAITS:

• Financial Acumen
  • Seeks methods to improve processes impacting profitability
  • Understands drivers of growth and profitability
• Professionalism
  • Stays current with industry/role professional development
  • Contributes to professional community development
• Agility/Flexibility
  • Supports innovation and organizational improvements
  • Adapts to stressful situations
• Self-Direction
  • Plans and organizes work independently
  • Initiates goals, creates deliverables, and leads projects
• Problem Solving
  • Views situations objectively and selects best solutions
  • Uses brainstorming to generate solutions and thinks creatively when needed

#LI-RH1

Compensation & Benefits

IMA offers a comprehensive benefits package including bonuses, stock purchase, health and dental plans, vision, family assistance, FSA, HSA, pre-tax parking, 401(k), life insurance, disability, travel accident, identity theft protection, paid time off, flexible work, holidays, sabbatical, gift matching, health reimbursement, and professional development. Final offers depend on location, experience, skills, and knowledge.

Why Join IMA?

• We prioritize our associates, offering ownership opportunities, supportive teamwork, and industry recognition.
• Recognized as a top workplace nationally and regionally, with awards from Business Insurance Magazine, Inc. Magazine, and others.

This description does not encompass all duties and responsibilities. IMA is an equal opportunity employer, committed to diversity and inclusion.