Senior Benefit Analyst

Lockton; Chicago (IL); On-site; USD 55,000 - 75,000; Full time

Job summary

Lockton is seeking a dynamic Analyst to support the Employee Benefits consulting group in Chicago. The role focuses on marketing and servicing requirements for new and renewal accounts, with long-term potential to move into Account Management.

Core duties include supporting enrollment meetings, renewals, RFPS, and reporting, while building relationships with carriers and clients. A base salary is offered with bonus potential based on performance and location.

Qualifications

• Bachelor's degree in Business Administration or related field.
• 1–3 years administrative experience in a professional office environment.
• Proficient in Microsoft Word, Excel, and Outlook with advanced spreadsheet skills.
• Strong math aptitude and ability to perform calculations accurately.
• Excellent organizational and time-management abilities to meet deadlines.
• Analytical thinker with strong research and problem-solving skills.
• Effective written and verbal communication; professional client interaction.

Responsibilities

• Provide broad administrative support to the Account Manager and Account Executive.
• Coordinate client enrollment meetings and mid-year/renewal activities.
• Assist with marketing efforts, RFPS, vendor responses, and marketing reports.
• Develop relationships with insurance carriers and administrators.
• Prepare service schedules, maintain open item lists, and renewal projections.
• Attend staff, department, and carrier meetings and participate in workshops.
• Create and distribute client and carrier correspondence; update databases.
• Deliver outstanding customer service and complete special projects.

Skills

MS Office

Excel formulas

Analytical skills

Organizational skills

Communication

Problem solving

Education

Bachelor's degree in Business Administration

1-3 years administrative experience

Job description

Your Responsibilities

The Lockton team is currently seeking a dynamicSenior Benefit Analystfor our Employee Benefits consulting group. This analyst is responsible for assisting in the marketing and servicing requirements of new and renewal Employee Benefits accounts. Long-term career potential and advancement opportunities to an Account Manager exist for dedicated and motivated professionals.

Your Responsibilities

The Lockton team is currently seeking a dynamicSenior Benefit Analystfor our Employee Benefits consulting group. This analyst is responsible for assisting in the marketing and servicing requirements of new and renewal Employee Benefits accounts. Long-term career potential and advancement opportunities to an Account Manager exist for dedicated and motivated professionals.

Responsibilities:

• Provide broad administrative support to the Account Manager and Account Executive in the following activities:
• Client enrollment meetings
• Mid-Year/Client Renewals
• Marketing efforts (develop RFPS; Coordinate vendor responses and follow-up; prepare final Marketing Report; ensure correct commission levels are included)
• Develop mutually beneficial relationships with insurance carriers and administrators
• Prepare Service Schedules & Maintain Open Item Lists
• Report Preparation (experience reports, management reports, various marketing reports)
• Provide AE and/or UM with necessary components needed to complete renewal projections
• Attend staff meetings, department, and carrier meetings as well as educational workshops
• New Client Set-Up; Existing Client File Maintenance
• Create and distribute Client & Carrier correspondence
• Update Client and Carrier information in applicable database
• Deliver outstanding customer service
• Complete special projects

Compensation And Benefits

Lockton Companies LLC is committed to offering competitive pay and benefits and complies with all relevant state/local pay transparency laws. The entry base salary offered for this opportunity may vary, and is contingent upon candidate education, skills, abilities, essential competencies, experience, professional designations, unique qualifications, and geographic location.

Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate.

Check out Lockton Benefits Offerings Here

Qualifications

• Bachelor's Degree in Business Administration and/or 1-3 years’ administrative experience in a professional office environment required
• Working knowledge of Microsoft products (Word, Excel, Outlook) with advanced knowledge of spreadsheet applications and formula calculations
• High aptitude for mathematical calculations including multiplication, division, and percentages
• Organizational and time management skills to prioritize heavy workloads to meet time sensitive deadlines
• Demonstrated analytical and problem-solving skills, including research and investigation
• Demonstrated understanding of when to proceed alone and when to involve other Associates
• Demonstrated ability to understand and execute oral and written instruction
• Demonstrated interpersonal communication skills and ability to interact with Associates at all levels of responsibility
• Ability to communicate professionally with external clients
• Willingness and ability to expand knowledge and effectiveness in the commercial insurance industry by successful completion of extended classes and workshops related to insurance