EB Benefit Analyst III

About the role

Responsible for analyzing information and creating financial deliverables for clients with standard to complex benefit programs. Includes fully insured and self-funded clients. Typical client size is 100 to 1,000 lives. Prepare standard analyses with occasional customization.

Responsibilities

• Responsible for financial analytics for clients that are fully insured and self-funded
• Prepare standard analyses with occasional customization. Analyses may include:
  • Market review analysis
  • Renewal rate and funding projections and modeling
  • Analysis of claims utilization
  • Rate and Contribution analysis
  • Claims experience reports
  • Benchmarking
  • Financial funding analysis
  • IBNR and lag analyses
• Develop alternative strategies, plan modeling, and cost reduction opportunities
• Perform technical analysis of group insurance contracts and financial arrangements
• Serve as primary contact with insurance carriers. Negotiate and market coverage for new business quotes and renewals. Includes requesting quotes, evaluating options, negotiating rates and benefit features, and preparing renewal/new plan options with executive summary
• Develop and maintain excellent carrier relationships
• Review and validate carrier renewal rating illustration
• Analyze experience and claims utilization data for financial and plan usage conclusions. Includes identifying trends and relationship of experience to renewal rating. With guidance suggest action items
• Write client facing Executive Summaries that provide observations, conclusions, recommendations, and next steps. With guidance articulate USI strategic objectives
• Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters
• Occasionally conduct analysis using USI internal and third-party external tools. Includes USI 3D, USI Clear Options Rx, and actuarial tools
• Participate in peer review process as a participant and a reviewer
• Occasionally participate in new Analyst onboarding training
• Keep current on industry and new product information, legislation, technology, and trends

Requirements

• 3+ years of experience in employee benefits or related field
• High School Graduate. College degree preferred
• Must hold or be willing to obtain a state Life & Disability insurance license
• Ability to work in a fast-paced, team environment with minimal instruction
• Ability to manage and negotiate multiple priorities and deadlines
• Strong written, verbal, and interpersonal communication skills
• Working knowledge of Microsoft Office products, including Excel and Word
• Ability to become proficient in internal analytic systems and carrier online reporting tools
• Strong problem solving and critical thinking skills
• Ability to carry out complex tasks with many concrete and abstract variables

Benefits

USI offers a full-suite of competitive benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time.

Additional programs include an award-winning wellness program, college scholarships for associates' children, and financial help in times of need. The Summit Awards program recognizes excellence, and the I'm With U diversity and inclusion program provides curated education, training resources, employee support programs, and community outreach initiatives.

USI is nationally recognized as a top insurance employer: Insurance Business America's Top Insurance Employers eight consecutive years (2018-2025); Business Insurance's Best Places to Work in Insurance six years in a row (2020-2025); Fortune's Best Workplaces in Financial Services & Insurance (2024-2025); Certified as a Great Place To Work two years in a row (2024-2025).