Senior Benefits Analyst - Health & Welfare

Rael & Letson; Seattle (WA); On-site; USD 90,000 - 125,000; Full time

Benefits offered by this job

Flexible work arrangements

Annual bonus program

401k with company contribution

Medical, dental, vision, life and-dis/

Job summary

Rael & Letson, an independent employee benefits consulting and actuarial services firm in the United States, seeks a Senior Benefits Analyst to support health & welfare practice objectives and mentor analysts across offices.

You will review plan data, negotiate renewals, prepare client reports, and model costs for self-insured coverages while collaborating with consultants and clients. The position includes client-facing travel and leadership responsibilities.

Qualifications

• Bachelor's degree or equivalent work experience in a relevant field.
• Experience in health & welfare or employee benefits is desirable.
• Licensing / actuarial credentials are a plus.

Responsibilities

• Review health plan data, financial reports and renewal negotiations.
• Prepare client reports including annual budget projections.
• Calculate projected plan costs for self-insured coverages and COBRA rates.
• Develop plan cost savings and recommend best practices for clients.
• Manage client deliverables and mentor analysts.
• Draft and review plan documents, notices and RFPs.
• Present findings to clients and colleagues.

Skills

Data analysis

Statistics

Communication

Attention to detail

Project management

Education

Bachelor's degree in Math, Actuarial Science, Economics, Business or similar

Tools

Claros Analytics

MS Excel

MS Word

PowerPoint

MS Office

Job description

About Us

Rael & Letson is an independent employee benefits consulting and actuarial services firm. We serve as a trusted advisor to multiemployer and other retirement and health plans, helping bring high quality benefits to working people. We partner with our clients to design, implement, evaluate and communicate innovative and cost-effective benefit programs customized to their unique needs.

Responsibilities

As a key member of the Health & Welfare Practice, the Senior Benefits Analyst will support the company's objectives by providing technical support to our team of Health and Welfare consultants and serving as a mentor, leader and reviewer to analysts located in multiple offices.

Analytical Work

• Review and utilize health plan data, financial reports and other specialized reports.
• Review insurance and service provider renewals, negotiate with vendors, confirm renewals and follow up as needed.
• Prepare periodic client reports on plan operations/performance including annual budget projections of income, expenses and plan reserves.
• Calculate projected plan costs for self-insured coverages (i.e. medical, dental, prescription drug, and vision benefits).
• Calculate COBRA rates, other self-payment rates and required Employer Contribution rates.
• Determine the projected costs savings/cost of benefit or eligibility modifications.
• Identify and recommend best practices to support the clients and practice.

Other Technical and Writing

• Project manage client deliverables and internal team workflow.
• Prepare Consultant’s reports for Board meetings.
• Prepare and review Request for Proposals (insurance carriers or service providers).
• Draft and/or review plan comparisons, participant notices, Summary Plan Descriptions, Plan Documents and amendments, as requested.
• Assist in compliance and regulatory reporting requirements.

Client-facing Responsibilities

• Serve in the primary analyst role with clients.
• Attend client meetings along with Consultant, which may include some out of town and overnight travel.
• Regularly present to clients and colleagues.

Interpersonal Responsibilities

• Collaborate with, oversee and mentor other analysts to develop/improve data and project management capabilities.
• Act as a peer backup to analysts.
• Communicate both in writing and verbally with external clients and effectively communicate across departments and teams within the organization; Health & Welfare, Actuarial, OPEB & Pension, Communication, etc.

Necessary Skills and Attributes

• Excellent technical, research and data analysis skills.
• Strong knowledge of statistics and business operations.
• Excellent written and verbal communication skills, including presentation skills.
• Analytical, creative, able to resolve issues quickly.
• Detail-oriented, excellent organizational skills, ability to work independently and effectively manage multiple tasks to meet deadlines.
• Very strong use of Microsoft Office (Word, Powerpoint, etc.); must have deep understanding and proficiency using MS Excel.
• Understanding of plan modeling software programs (Claros Analytics a Plus), and experience building and revising models.

Preferred Education and Experience

• Bachelor's degree in Math, Actuarial Science, Economics, Business or similar degree or equivalent work experience.
• Appropriate Insurance licensing / CEBS / Actuarial credentials highly desirable.
• Minimum of five years of experience working in a similar role/industry.
• Experience working in the healthcare industry either with an insurance company or employee benefits consulting firm.

Company Culture

We are a friendly, professional team and are open to flexible work arrangements (including working from home and some schedule flexibility), as long as business needs are covered.

At Rael & Letson, we are committed to a culture of diversity and inclusiveness, as demonstrated through our recruitment, retention, and employee development programs. We maintain an environment that respects and builds on the assets and talents of each person, valuing their unique backgrounds including — but not limited to — gender and gender identity, race, ethnicity, sexual orientation, disability status, veteran status, age, and religion. Fostering a diverse and inclusive environment is critical to our success, allows us to attract and retain the best talent and enables us to support one another’s professional success.

Total Comp and Benefits

In addition to competitive base pay, this position is eligible for our annual bonus program. We are proud to offer excellent benefits including a 401k with a 5% company contribution, available medical, dental, vision, life and disability coverage, ESOP, generous time off, and more.