Director, Employee Benefits Financial Strategy

About the role

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

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 as needed, in support of their ongoing professional development goals to 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
• In all aspects of client relationships, mentors financial strategists to support associate growth and local expertise development
• 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 but not limited to 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 standards 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
• College graduate preferred; 4-year degree or equivalent experience
• Proficient with MS Office Suites, with in-depth knowledge of Microsoft Excel
• Managerial or leadership experience
• Attains Life and Health license and 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

$200,000 USD – $225,000 USD

Benefits

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