Health Benefits Analyst

The Segal Group, Inc; New York (NY); Hybrid; USD 63,000 - 75,000; Full time

Benefits offered by this job

Defined benefit pension plan

401(k) matching

Medical and prescription benefits

Dental benefits

Life insurance

Disability insurance

Employee Assistance Program

Paid time off and holidays

Tuition reimbursement

Job summary

Segal is seeking a Health Benefits Analyst to support complex financial and health plan analyses for a diverse client base. The role offers hands-on client engagements, coaching, and opportunities to pursue actuarial credentials, with a strong emphasis on accuracy and timely delivery.

The position is hybrid, based in New York, NY, and other major markets, with collaboration across consultants, clients, and vendors.

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 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.

Responsibilities

• 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.

Skills

Quantitative skills

Excel

Written & verbal communication

Project management

Education

Bachelor’s degree in actuarial science, mathematics, statistics, economics, computer science, or related analytical discipline

Tools

Microsoft Excel

Word

PowerPoint

Job description

Job Description - Health Benefits Analyst (NEW00000071)

Job Description

Description

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; Denver, CO; Glendale, CA; Hartford, CT; New York, NY; Phoenix, AZ; San Francisco, CA; or Washington, DC. If you thrive in a collaborative environment, enjoy building strong relationships, and are motivated to make an impact, we'd love to hear from you.

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.

Qualifications

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.

If your qualifications align closely with what we've described, we encourage you to apply. 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!

Primary Location

US-NY-New York

Other Locations

US-CO-Greenwood Village, US-AZ-Tempe, US-MA-Boston, US-CT-Farmington, US-DC-Washington, US-CA-Glendale, US-CA-San Francisco, US-IL-Chicago, US-GA-Atlanta