Benefits Analyst II

About the role

Responsible for working with account team in processing renewals, conducting and analyzing marketing, preparing financial summaries and providing general technical support for assigned fully-insured and self-funded accounts. Performs a variety of analysis including provider network analysis and carrier utilization analysis.

Essential Duties And Responsibilities

• Initiates recurring analyst renewal projects on assigned accounts (pre-renewal spreads, carrier renewal process initiation, information requests, etc.);
• Gathers, reviews and validates all information related to assigned clients for renewal analysis and marketing purposes, gaining comprehensive familiarity with client’s current details and history;
• Evaluates carrier utilization reporting to identify key cost drivers and make recommendations for possible plan design changes;
• Collaborates with all current insurance carriers and vendors to obtain preliminary and/or firm renewals and prepares initial financial summary and benefit highlights;
• Presents preliminary renewal summaries and marketing results to account team to determine plan options and/or marketing strategy;
• Works with account team to develop and execute negotiation strategy;
• Presents all final results to account team;
• Determines content and structure of renewal presentation and identifies analytical support materials (i.e.; utilization review, contribution strategy, benchmarking, financial reporting, etc.);
• Executes all relevant plan option requests, marketing projects and necessary analysis to complete account strategy objectives;
• Reviews all marketing and plan option responses, evaluates for accuracy and completeness, and requests clarifications and revisions as needed;
• Handles ongoing (monthly/quarterly) client maintenance projects as determined by account team;
• Reviews team members work for accuracy and completeness as needed;
• Complies with agency management system data standards and data integrity (enters and maintains complete and accurate information).

Qualifications

• Education / Experience: Bachelor’s degree or equivalent combination of education and experience. Degree in Business or Mathematics preferred. One (1) or more years related work experience;
• Valid insurance license (or must be obtained within ninety (90) days of employment)
• Must continue to meet Continuing Education requirements for license renewal;
• Basic knowledge of compliance topics (HIPAA, COBRA, ACA, Medicare).
• Basic knowledge of programs (know of existence and how to get a quote).
• Preferred: Salesforce Experience;
• Skills: Proficient in Microsoft Office Suite: Excel, Power Point, and Outlook; Intermediate skills in Microsoft Excel; Excellent verbal and written communication skills; Excellent problem solving and time management skills; Good customer service skills, including telephone and listening skills; Excellent planning, organizational and prioritization skills; Ability to work within a team and to foster teamwork; Ability to work productively as an individual to accomplish assigned projects; Ability to prioritize work for multiple projects and deadlines.

Benefits

We are proud to provide comprehensive, high quality employee programs to meet employees' needs now and in the future, including a very competitive financial package. We encourage you to explore what we have to offer.