MBA Account Manager II

USI Insurance Services; Melville (NY); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Health, welfare, and financial benefits

401(k) plan

Flexible spending and health savings accounts

Paid family leave

Generous paid time off policy

Job summary

USI Insurance Services in Melville, NY, is seeking a professional to manage Employee Benefits insurance accounts. The role involves serving as the primary contact between clients and insurance carriers, providing education on compliance topics such as ERISA and COBRA, and managing group insurance contracts. Applicants should have at least 2 years of industry experience, an Accident & Health license (or the ability to obtain it), along with strong organizational and analytical skills. Competitive benefits are offered including a generous paid time off policy.

Qualifications

• 2+ years experience in the employee benefits industry or related marketplace.
• Accident & Health license required or ability to obtain within three months.
• Strong analytical skills to interpret benefits-related facts and figures.

Responsibilities

• Act as the primary contact between clients and insurance carriers.
• Educate and advise clients on Compliance topics.
• Set up new group insurance contracts for clients.
• Manage the renewal process and prepare contractual changes.
• Develop alternative strategies and cost reduction opportunities.
• Conduct on-site meetings to communicate benefit plans.

Skills

2+ years experience in employee benefits industry

Accident & Health license

Problem-solving

Organizational skills

Interpersonal skills

Microsoft Office (Word, Excel, PowerPoint)

Analytical skills

Education

Bachelor’s degree

Job description

General Description

Manages Employee Benefits insurance accounts and serves as their day-to-day contact.

Responsibilities

• Act as the primary contact between clients and insurance carriers.
• Educate, advise and aid clients on all Compliance topics. Including, but not limited to ERISA, COBRA, FMLA, 5500s and Health Care Reform.
• Set up new group insurance contracts for existing clients or new clients.
• Manage the renewal process including the preparation of appropriate contractual changes.
• Develop alternative strategies, plan modeling and cost reduction opportunities.
• Champion client cross-selling initiatives and develop customer accounts.
• Regular client contact and in-person attendance at client meetings as needed.
• Conduct on-site meetings to communicate or administer benefit plans.
• May be responsible for the marketing and placement of new benefit products.
• Prepare client application for review
• Determine most appropriate carriers
• Analyze and compare carrier quotes and coverage offerings
• Make recommendations to clients
• Process all policy changes, endorsements and other requests as needed.
• Resolution support and oversight for client issues such as contract clarifications and billing.
• Maintain a high degree of accuracy in agency management systems.
• Special projects as needed.

Knowledge, Skills and Abilities

• 2+ years experience in employee benefits industry or related marketplace. Brokerage environment and bachelor’s degree preferred.
• Accident & Health license is required or ability to obtain within three months from date of hire.
• Ability to creatively and proactively problem-solve.
• Ability to stay organized and focused in a busy environment.
• Personable and credible.
• Professional and dependable.
• Ability to work in a fast-paced, team environment with minimal instruction.
• Keep informed about industry information, technology and trends.
• Detailed understanding of all types of health and ancillary benefit plan designs and claim procedures.
• Basic understanding of full and partially insured.
• Experienced in Microsoft Office products including Word, Excel and PowerPoint.
• Strong analytical skills capable of using and interpreting benefit related facts and figures.

USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time.