Benefits Analyst (Hybrid)

This is a full-time position, working within the Reporting and Analytics Department. The position requires day-to-day financial analysis, modeling, and reporting for a specific set of clients. Position includes reviewing data for accuracy and creating client specific reports for analysis and review, as well as preparing client presentations.

Requirements

• Prepare financial reports on a weekly, monthly, and quarterly cadence that are inclusive of claims, budget/premium, payroll contributions, membership, high claimants and network utilization
• Monitor accounts for any claim trends, high amount claimants, and other emerging underwriting issues.
• Apply underwriting principles to develop renewal projections for medical, dental and vision
• Complete renewal analysis and support the carrier negotiation process
• Complete financial modeling of plan designs, employee contributions, specific stop loss recovery analysis, and IBNR reserve analysis.
• Conduct trend analysis
• Assist in performance of financial modeling of mergers, acquisitions and divestitures
• Assist in preparation of stop loss sensitivity analysis for self-insured clients
• Assist in financial analysis to aid in development of multi-year financial strategies for clients
• In collaboration of the Consulting Team, finalize financial analysis for client presentations
• Build financial models to improve financial analysis reporting and/or renewal process to deliver maximum value and efficiency
• Facilitate special projects as requested of the Reporting and Analytics Department
• Support the sales process through financial analysis
• Attend seminars, sales meetings or educational activities to stay up-to-date on the latest developments, trends and regulations in the market place
• Build and maintain solid relationships with consulting teams as well as carrier representatives
• Other duties as assigned

Benefits

• PTO
• Paid holidays
• 401(k) with match
• Exclusive discount programs
• Health & wellness programs