Director, Employee Benefits Financial Strategy

About the role

Supports and demonstrates IMA’s core values, understanding the importance of diversity, equity, and inclusion among all associates. Interacts professionally and timely with clients via email, phone, and in-person.

Responsibilities

• People Management
  • Manages regional financial strategy team leads, providing clear communication of expectations, established timeframes, regular progress updates, and annual performance evaluations.
  • Coordinates metrics and processes for managing and assigning the overall workload and projects of assigned analysts.
  • Coordinates staffing plans for assigning clients, working with regional leads to assess workload.
  • Provides feedback to service team members to support their on-going professional development goals and ensure client expectations are met.
  • Participates in the hiring process for direct reports as well as additional department hires.
• National Leadership
  • Leads national financial strategy servicing meetings, planning training curriculums, and communicating information and updates.
  • Regularly identifies opportunities to ensure quality standards, including implementation of best practices and peer review standards.
  • Recognizes opportunities to improve financial strategy service offerings and implements initiatives to support service improvements.
  • Mentors financial strategists to support associate growth and local expertise development in all aspects of client relationships.
  • Interacts with market leaders and national leadership to ensure work quality across all functions.
  • Implements innovative products and services alongside existing financial strategy processes and service offerings.
• Underwriting & Analysis
  • Acts as peer review and mentor for a national book of complex self-funded, level-funded, and fully insured clients, providing both financial reporting and strategic leadership.
  • Develops and delivers servicing standards related to financial strategy, including benchmarking, financial analysis, underwriting projections, contribution analysis, self-funded decision support, and IBNR.
  • Performs high degree of analysis to provide BOB trends or specific prospect/client needs, summarizing data to communicate in writing and through conversations with national leadership and strategic partners.
• Marketing, Renewals, and Partnership
  • Reviews team needs to assist with marketing template updates, RFP submissions, collection and management of data, along with individual review of complex marketing.
  • Executes standard processes for financial analysis of marketing offerings including fully insured, TPA, stop loss, and PBM coverages.
  • Negotiates with national carrier partners based on the targeted goals.
  • Engages and builds key carrier and vendor relationships.
• Presentation
  • Determines communication strategy for delivering financial strategy to a diverse book of clients.
  • Champions new initiatives and growth opportunities to national leadership and market leaders.

Requirements

• 10+ years of similar or related experience.
• Prefer college graduate with a 4-year degree or equivalent experience.
• Proficient with MS Office Suite, with in-depth knowledge of Microsoft Excel.
• Managerial or leadership experience.
• Attains Life and Health license & maintains through continuing education requirements.
• Some travel required (once monthly).
• Responsibility for executing the benefit division’s strategic direction of analytic solutions and tools.
• Strong analytical (quantitative and qualitative) abilities.
• Identifies modifications to existing methodologies and implements new initiatives.
• Demonstrates ability to manage and mentor experienced professionals.
• Responsibility for accuracy of analysis and peer review best practices.
• Ability to perform well under pressure, on multiple work streams, and with tight deadlines.
• Advanced communication and presentation skills.

Competencies & Traits

• Management/Leadership
• Financial Acumen
• Self-Direction
• Professionalism
• Agility/Flexibility
• Problem Solving

Pay

Salary Range: $200,000 USD - $225,000 USD

Benefits

• Annual Performance Bonus
• Stock Purchase
• Medical Plans
• Prescription Drugs
• Dental
• Vision
• Family Assistance Program
• FSA (Flexible Spending Account)
• HSA (Health Savings Account)
• Pre-Tax Parking Plan
• 401(k)
• Life/AD&D Insurance
• Accident Insurance
• Critical Illness Insurance
• Hospital Indemnity
• Long Term Care
• Short-term Disability
• Long-term Disability
• Business Travel Accident Insurance
• Identity Theft Protection
• Paid Time Off
• Flexible Work Options
• Paid Holidays
• Sabbatical
• Gift Matching
• Well-Being Stipend
• Personal and Professional Development

About IMA

We’ve built a reputation for putting our associates first. As an integral part of an entrepreneurial, expanding company, you can develop lasting relationships, earn competitive benefits, plus claim part ownership. Our ownership business model makes working at IMA appealing.

We work in teams, sell in teams, and win and prosper as a team. We provide support systems and resources that enable each associate to focus on what they do best. As an independent company based in the Midwest, we’re big enough to write business all over the world and small enough to implement your ideas quickly.

IMA is recognized nationally as a leader in our industry, with numerous awards including:

• 2020-2023 Business Insurance Magazine Best Places to Work in Insurance
• 2023 Inc. Magazine’s Best Workplaces
• 2023 Denver Business Journal’s Best Places to Work
• 2022-2023 Connecticut Top Work Places
• 2021-2023 Inc. 5000’s List of Fastest Growing Companies
• 2019-2022 Civic 50 Colorado Honoree Recognizing 50 Most Community-Minded Companies
• 2022-2023 Kansas City Business Journal’s Best Places to Work
• 2021-2023 Charlotte Business Journal’s Best Places to Work
• 2021-2023 Los Angeles Business Journal’s Best Places to Work
• 2021-2023 The Salt Lake City Tribune Top Work Places
• 2021-2022 Puget Sound Business Journal’s Washington’s Best Workplaces
• 2021-2022 Wichita Business Journal’s Best Places to Work, #1 in extra-large category
• 2021 Dallas Business Journal’s Best Places to Work
• 2021 Alaska Journal of Commerce’s Best Workplaces in Alaska