Health Benefits Analyst

Segal; Washington (District of Columbia); Hybrid; USD 63,000 - 75,000; Full time

Benefits offered by this job

Health savings account

401(k) plan

Non-contributory pension

Dental benefits

Life insurance

Disability insurance

Employee Assistance Program

Tuition reimbursement

Paid time off

Job summary

Segal is seeking a Health Benefits Analyst to support financial and health plan analyses for a diverse client base. The role is hybrid across several US locations and offers mentorship and growth as you build technical and consulting skills.

You will work with experienced consultants, gain hands-on client exposure, and pursue actuarial credentials with company support as you progress in your career.

Qualifications

• Bachelor's degree in a quantitative field or related analytical discipline.
• Up to 3 years in benefits analysis, underwriting, actuarial work, or similar.
• Strong ability to work with complex data and financial models.
• Proficiency with Excel; familiarity with Word and PowerPoint.
• Clear written and verbal communication; documentation of analyses.

Responsibilities

• Analyze health plan data, including claims experience and cost trends.
• Develop financial projections, renewal analyses and cost estimates.
• Develop age-adjusted health claim cost assumptions for retiree valuations.
• Support vendor procurements with bid specs and proposals analysis.
• Prepare recurring financial reports and client deliverables with sources documented.
• Coordinate with client teams and vendors; communicate risks and timing clearly.

Skills

Quantitative skills

Excel proficiency

Communication

Organizational skills

Problem solving

Education

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

Tools

Microsoft Word

PowerPoint

Job 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; Hartford, CT; New York, NY; 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.

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. 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.

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. 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.

Primary Location

US-DC-Washington

Other Locations

US-GA-Atlanta, US-NY-New York, US-MA-Boston, US-CT-Farmington

Work Locations

Washington DC

Job

Consulting – Actuarial

Organization

East

Schedule

Regular

Shift

Regular Employee

Employee Status

Entry Level

Job Type

Full-time

Travel

Yes, 10 % of the Time