Health Benefits Analyst

The Segal Company (Eastern States), Inc. in; Boston (MA); Hybrid; USD 63,000 - 75,000; Full time

Benefits offered by this job

Bonus potential

401(k) with company match

Medical and dental benefits

Paid time off

Job summary

The Segal Company (Eastern States), Inc. is seeking a Health Benefits Analyst (Administrative) to support complex health plan and financial analyses in a collaborative, client-focused environment.

This hybrid role is based in Boston, MA, with opportunities for growth and professional development. Responsibilities include analyzing claims experience, building projections, supporting vendor selections, and delivering clear, client-ready reports.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, economics, computer science, or related analytical discipline.
• Up to 3 years of experience in benefits analysis, underwriting, actuarial work, or another analytical field is preferred.
• Strong quantitative skills and ability to work accurately with complex data and financial models.
• Proficiency in Microsoft Excel and working knowledge of Word and PowerPoint.
• Clear written and verbal communication skills, including documenting analyses for review by others.
• Strong organizational and project management skills, with the ability to manage multiple priorities and meet deadlines.
• Demonstrated initiative, sound judgment, ownership, and follow-through in completing assigned work.
• Interest in continuous learning; progress toward actuarial credentials is welcomed and supported but not required.

Responsibilities

• Analyzing health plan data, including claims experience, utilization, and cost trends.
• Developing financial projections, budget models, renewal analyses, and plan design cost estimates.
• Developing age-adjusted health claim cost assumptions and projections for retiree health valuations.
• Supporting vendor procurements by developing bid specifications, reviewing proposals, and organizing findings.
• Preparing recurring financial reports, presentation materials, and client deliverables with clear data documentation.
• Coordinating with client teams, clients, and external vendors, communicating questions and risks promptly.

Skills

Quantitative skills

Excel

Communication

Education

Bachelor's degree in actuarial science or related analytical field

Tools

Excel

Word

PowerPoint

Job description

The Segal Company (Eastern States), Inc.

Health Benefits Analyst (Administrative)

For over 80 years, Segal has been providing employee benefits, retirement plan investment advisory and human resources consulting for multiemployer trust funds, corporations and public sector organizations. Segal is an independent, privately and employee-owned firm. Our independence allows us to provide unbiased consulting services for our clients. Headquartered in New York City, Segal has offices throughout the United States and in Canada. We are a smaller organization that provides a more intense and broader exposure for development purposes within a culture that is highly collegial and team-oriented. We offer a competitive pay and benefits package that includes a defined benefit and matching 401(k) retirement plans.

The Opportunity

We are seeking a highly motivated professional who thrives in a collaborative environment and is passionate about driving results. This is a hybrid role based in Atlanta, GA; Boston, MA; Hartford, CT; New York, NY; or Washington, DC.

Begin your health benefits consulting career with meaningful client work from the start. As a Health Benefits Analyst you will support complex financial and health plan analyses for a diverse client base while building technical, analytical, and consulting skills as well as knowledge of the evolving health benefits landscape. Working alongside and collaborating with experienced consultants, you will gain hands-on exposure to real client engagements, receive coaching and mentorship, and assume progressively greater responsibility as you build technical expertise, sound judgement, and industry knowledge. Segal also supports employees who choose to pursue actuarial credentials and other relevant professional development.

The Role

You will work closely with consultants, analysts, clients, and carriers or vendors to produce accurate, well-documented analyses and client-ready deliverables. Key responsibilities include:

• Analyzing health plan data, including claims experience, utilization, and cost trends, and investigating results that appear inconsistent or incomplete.
• Developing financial projections, budget models, renewal analyses, and plan design cost estimates using established methods and assumptions while applying sound judgement.
• Developing age-adjusted health claim cost assumptions and projections that support retiree health valuations and related client work.
• Supporting vendor procurements by developing bid specifications , reviewing proposals, and organizing quantitative and qualitative findings.
• Preparing recurring financial reports, presentation materials, and other client deliverables with clear documentation of data sources, assumptions, and methods.
• Coordinating with client teams, clients, and external vendors and partners; communicating questions, risks, and timing concerns promptly and following through to resolution.

Analysts are expected to perform increasingly complex technical and analytical work, contribute directly to client deliverables, and develop strong analytical judgment. A strong emphasis is placed on producing accurate, high-quality work and proactively identifying issues that may affect quality, timelines, or client outcomes.

What You Bring

• Bachelor's degree in actuarial science, mathematics, statistics, economics, computer science, or related to another analytical discipline.
• Up to 3 years of experience in benefits analysis, underwriting, actuarial work, or another analytical field is preferred.
• Strong quantitative skills and demonstrated ability to work accurately with complex data and financial models.
• Proficiency in Microsoft Excel and working knowledge of Word and PowerPoint.
• Clear written and verbal communication skills, including the ability to document analyses so that others can understand and review the work.
• Strong organizational and project management skills, with the ability to manage multiple priorities and meet deadlines.
• Demonstrated initiative, sound judgment, ownership, and follow-through, taking responsibility for the quality, accuracy, and timely completion of assigned work.
• Interest in continuous learning; progress toward actuarial credentials is welcomed and supported but is not required.

This role is well suited for someone who is curious, analytical, detail-oriented, and eager to take on meaningful responsibility early in their careers while developing strong technical, analytical, and consulting skills. We value work/life balance, thoughtful planning and flexibility. At the same time, client commitments may occasionally require additional hours to meet important deadlines and deliver high-quality work.

About Segal and its Total Rewards Program:

Segal is a privately owned, leading North American employee benefit, human resources and investment management consulting firm with over 80 years of history providing trusted advice that improves lives. Clients include public and private corporations, multiemployer trust funds, public sector entities, higher education institutions, institutional advisors, among many others.

Segal's total rewards are part of what makes us a special place to work. The current salary range for this position is $62,500 to $75,000, plus opportunity for a discretionary performance bonus based on company profitability and employee performance. In addition, Segal offers a comprehensive suite of benefits to include a non-contributory defined benefit pension plan, matching and discretionary contributions to a 401(k) profit sharing plan, medical and prescription benefits including contributions to a health savings account for eligible employees, dental benefits, life insurance, disability insurance, an Employee Assistance Program, wellness benefit reimbursements and rewards, and professional credential and tuition reimbursement. Segal also provides comprehensive paid time off including holidays, vacation days, sick leave, paid family leave and sabbaticals.

Join Segal:

Your unique background and skills matter because at Segal, we believe that different experiences and perspectives drive innovation and excellence. We're committed to creating a fair and transparent hiring process and all hiring decisions will be merit-driven. If you require accommodations during the interview, please let us know. Thank you for considering Segal. We're excited to learn more about you!

#LI-Hybrid