Employee Benefits Analyst

IMA Financial Group; Fort Worth (TX); On-site; USD 50,000 - 80,000; Full time

Job summary

Join a forward-thinking company that values diversity and inclusion, where you will support essential marketing and underwriting functions. This role offers the opportunity to engage with clients, manage proposals, and conduct analyses that drive profitability. You will thrive in a collaborative environment that prioritizes professional growth and well-being. With a comprehensive benefits package and a commitment to excellence, this position is perfect for those looking to make a significant impact in their career while working with a recognized industry leader.

Benefits

Annual Performance Bonuses

Stock Purchase Options

Health and Wellness Plans

Retirement Options

Qualifications

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

Responsibilities

• Prepare RFPs and manage proposals for insurance coverage.
• Conduct renewals and provide recommendations to the Account Executive.

Skills

MS Office Suite

Data Analysis

Underwriting Concepts

Project Management

Problem Solving

Education

4-Year College Degree

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
  • Conducts initial review of plans, costs, and contract terms within renewal based on criteria from the Account Executive
  • Provides recommendations to the Account Executive
• PARTNERSHIP & NEGOTIATION
  • Follows direction from the 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 the Account Executive
  • Performs underwriting for dental and vision plans
• REPORTING
  • Manages outsourcing and ensures reporting needs are met
  • 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 similar or related 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 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 management of multiple projects while meeting deadlines
• 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 professional development in their industry/role
  • Contributes to and promotes professional development through community participation
• 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 chooses optimal solutions
  • Uses brainstorming to generate solutions and thinks creatively when necessary

#LI-RH1

Compensation & Benefits

IMA offers a comprehensive benefits package including annual performance bonuses, stock purchase options, health and wellness plans, retirement options, and more, designed to support your well-being and professional growth. Final offers depend on various factors including location, experience, and skills.

Why Join IMA?

• We prioritize our associates' well-being and development, offering a unique ownership model and a collaborative team environment.
• Recognized nationally for excellence as a top workplace and industry leader.

This description does not encompass all duties and responsibilities.

IMA Financial Group, Inc. is an Equal Opportunity Employer, committed to diversity and inclusion in the workplace.