Benefits Analyst - Employee Benefits

About the role

Relation Insurance is a leading, innovative company with a strong commitment to excellence and a passion for delivering cutting-edge solutions to our clients. As a key player in the insurance market, we pride ourselves on our dynamic culture, collaborative environment, and continuous drive for success.

Responsibilities

• Designs, develops and prepares accurate and timely reports and analysis, providing financial guidance and general direction for influencing clients’ decisions and the achievement of strategic goals.
• Gathers benefits information from a variety of sources, develops Request for Proposal (RFP) templates, coordinates responses from the carriers, inputs data and maintains all appropriate documentation.
• Prepares draft presentation to client and team leadership.
• Requests, analyzes and negotiates renewals for all line of coverage for Health & Welfare plans.
• Conducts plan/benefit change analysis including but not limited to self-insured feasibility, CDHP feasibility & funding analysis.
• Analyzes and assists in making recommendations on client strategy and cost containment initiatives.
• Assists in preparing the Rate Development Templates, RFP analysis and templates for all lines of business.
• Prepares and/or reviews monthly clients financial reports and plan performance monitors.
• Develops benchmarking reports by gathering health benefits data to compare a client’s plan information to other companies by industry or geography and provide results to client in appropriate format.
• Prepare ad-hoc reports as required.
• Fully adopts innovative technology, including proprietary AI solutions, into the service process to deliver a best-in-class client service experience.
• Performs other projects, duties, and tasks, as assigned.

Requirements

• State Life, Accident & Health Insurance License is required upon hire or within 90 days of hire and must be maintained.
• High school diploma or equivalent required.
• Four-year degree in Accounting, Finance, Economics, Business, Statistics or another related field preferred.
• Minimum of 3 years of relevant and progressive experience, or equivalent combination of education and job-related experience.
• Previous health insurance experience preferred.
• Proficient to advanced skills in using computers, Microsoft Office Suite (emphasis on Excel and PowerPoint) and online rating systems.
• Excellent interpersonal and communications skills are required to maintain effective relationships with clients, co-workers, carriers, vendors, and others.
• Ability to work independently with limited daily supervision and to work effectively in a team environment.
• Ability to function effectively under tight time constraints, consistently meets strict deadlines, prioritize, and handle multiple tasks in a demanding work environment.
• Demonstrated initiative to identify and overcome obstacles, manage through ambiguity, remain focused and highly productive.
• Ability to think critically, creatively, analytically, and with sound judgment to develop and provide comprehensive, in-depth financial analyses and ad hoc projects.
• Ability to work flexible hours as required, including out-of-town travel.
• Must have valid driver’s license, ability to travel to client sites and reliable transportation.

Benefits

• Competitive pay.
• A safe and healthy work environment provided by our robust benefit program including family health and wellness programs, 401K, employee assistance programs, paid time off, paid holidays and more.
• Career advancement and development opportunities.

Pay

The wage range for this role is $40,000.00 - $97,000.00. You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.