Senior Employee Benefits Analyst

USI Insurance Services; Schaumburg (IL); On-site; USD 65,000 - 100,000; Full time

Job summary

USI Insurance Services, located in Schaumburg, IL, seeks an Employee Benefits Analyst III to support clients with standard to complex benefit programs, including fully insured and self-funded plans. You will analyze data, prepare market reviews and renewal projections, and collaborate with carriers on quotes and strategy.

The role demands strong communication, multitasking, and proficiency in MS Office, with a focus on delivering actionable client summaries and cost-saving opportunities.

Qualifications

• 3+ years of employee benefits experience within an insurance brokerage or employee benefits consulting environment.
• Must hold or be willing to obtain a state Life & Disability insurance license.
• Ability to work in a fast-paced, team environment with minimal instruction.

Responsibilities

• Responsible for financial analytics for clients that are fully insured and self-funded. Typical client size is 100 to 1,000 lives.
• Prepare standard analyses with occasional customization. Analyses may include: Market review analysis, Renewal rate and funding projections and modeling, Analysis of claims utilization, Rate and Contribution analysis, Claims experience reports, Benchmarking, Financial funding analysis, IBNR and lag analyses.
• Develop alternative strategies, plan modeling, and cost reduction opportunities.
• Perform technical analysis of group insurance contracts and financial arrangements.
• Serve as primary contact with insurance carriers. Negotiate and market coverage for new business quotes and renewals.
• Develop and maintain excellent carrier relationships.
• Review and validate carrier renewal rating illustration.
• Analyze experience and claims utilization data for financial and plan usage conclusions.
• Write client facing Executive Summaries with observations, conclusions, recommendations, and next steps.

Skills

Employee benefits experience

Communication skills

Multitasking/prioritization

MS Office proficiency

Education

High School Graduate

College degree preferred

Tools

Excel

Word

MS Office

Job description

USI Insurance Services, located in Schaumburg, IL, seeks an Employee Benefits Analyst III to support clients with standard to complex benefit programs, including fully insured and self-funded plans. You will analyze data, prepare market reviews and renewal projections, and collaborate with carriers on quotes and strategy.

The role demands strong communication, multitasking, and proficiency in MS Office, with a focus on delivering actionable client summaries and cost-saving opportunities.