Financial Coordinator, Employee Benefits

HUB International; Chicago (IL); On-site; USD 60,000 - 65,000; Full time

Benefits offered by this job

Health insurance

401(k)

Paid time off

Annual bonuses

Job summary

HUB International, headquartered in Chicago, IL, is seeking an Account Management & Service professional to support the finance function for client benefit plans. You will help maintain the HUB financial database, develop regular financial reporting, and prepare budgets for medical, prescription, dental, vision, life and disability benefits.

The role requires a Bachelor's degree and strong financial/analytical skills; internship is a plus.

Qualifications

• Bachelor’s degree from four-year college or university.
• Financial and analytical skills are required.
• Interest in health care and consulting very beneficial.
• Internship experience is preferred but not required.

Responsibilities

• Assist with maintaining the HUB financial database for regular tracking of client plan costs
• Responsible for the development of monthly, quarterly, and year-end financial reporting
• Create summaries that benchmark existing benefit plan provisions and costs to marketplace standards and recommend changes for benefit competitiveness
• Assist with the evaluation and negotiation of fully-insured and self-funded renewals for selected book of business
• Help with initial creation of client medical, prescription drug, dental, vision, and life and disability budgets
• Respond timely to emails, messages, and other requests
• Attend and actively participate in internal meetings for the Financial Management Group
• Support the process for evaluating proposals in the vendor procurement process
• Stay abreast of current health and welfare benefit strategies by researching marketplace tendencies and initiating vendor discussions
• Develop and maintain mutually beneficial working relationships with colleagues and vendors
• Work towards the overall improvement of the organization

Skills

Financial analysis

Analytical skills

Education

Bachelor’s degree (4-year)

Job description

About HUB

In a rapidly changing world, HUB advises businesses and individuals on how to prepare for the unexpected. As one of the world’s largest insurance brokers, our focus is dedicated to providing our customers with the peace of mind that what matters most will be protected — through unrelenting advocacy and tailored insurance solutions that put our clients in control. Our growing team of professionals across North America represents a broad, deep and one‑of‑a‑kind aggregation of entrepreneurs and leaders recognized for their excellence throughout the insurance community. Throughout our network of more than 700 HUB offices in North America, we offer a competitive, exciting and friendly work environment that strategically positions our employees for longevity and success. At HUB, we believe in investing in the future of our employees, and provide continuous opportunities for growth and development . Our entrepreneurial culture fosters an environment that empowers our people to make the best decisions for our customers and organization, focusing on expanding the industry knowledge of our insurance professionals to better serve our valued clients. We are committed to providing you with competitive and flexible benefits options that are rooted in your current needs, yet evolves as your needs change over time. Join us in taking the first step toward creating a future that combines a diverse, challenging work environment with financial security and career satisfaction.

Why Choose HUB?

We are the perfect fit if you:

• are seeking a progressive work environment at a rapidly growing organization
• have a desire to help others protect their future
• have an entrepreneurial spirit and are challenged by the opportunity to grow the business
• are focused on learning and development to enhance your industry knowledge and expertise
• are a self‑starter willing to invest time and energy to learn the technical aspects of our business
• believe in integrity and building success by developing relationships with others

In this role, you will:

• Assist with maintaining the HUB financial database for regular tracking of client plan costs
• Responsible for the development of monthly, quarterly, and year‑end financial reporting
• Create summaries that benchmark existing benefit plan provisions and costs to marketplace standards and recommend changes for benefit competitiveness
• Assist with the evaluation and negotiation of fully‑insured and self‑funded renewals for selected book of business
• Help with initial creation of client medical, prescription drug, dental, vision, and life and disability budgets
• Respond timely to emails, messages, and other requests
• Conduct vendor calls to escape and resolve client reporting issues
• Attend and actively participate in internal meetings for the
• Financial Management Group Support the process for evaluating proposals in the vendor procurement process
• Stay abreast of current health and welfare benefit strategies by researching marketplace tendencies and initiating/participating in vendor discussions
• Develop and maintain mutually beneficial working relationships with colleagues and vendors
• Work towards the overall improvement of the organization

What you offer us:

• Bachelor’s degree from four‑year college or university
• Internship experience is preferred but not required
• Financial and analytical skills are required
• Interest in health care and consulting very beneficial

The expected salary range for this position is $60,000.00 to $65,000.00 and will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level.

HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HAS and 401(k) accounts, paid‑time‑off benefits such as vacation, sick, personal, floating holidays and company holidays. In addition, eligible annual bonuses, equity and commissions may be available for some positions.

Department Account Management & Service

Required Experience: Less than 1 year of relevant experience Required Travel: Negligible Required Education: Bachelor's degree (4-year degree)

HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations.

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Hi, we’re HUB. In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected. When you partner with us, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support. And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.

About HUB International

Headquartered in Chicago, Illinois, HUB International Limited (HUB) is a leading full‑service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. From offices located throughout North America, HUB’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit hubinternational.com.