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

The Benefits Analyst will perform mathematical analyses, underwriting, marketing and renewal analyses that provides clients, teams and leadership with financial findings and conclusions. A typical day will involve designing, developing and preparing 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.