Employee Benefit Analyst II

About the role

Responsible for analyzing information and creating financial deliverables for clients with less complex benefit programs. Responsibilities include financial analytics for predominantly fully insured clients, with some exposure to self-funded arrangements. Typical client size is 100 to 250 lives.

Responsibilities

• Prepare standard analyses with minimal customization, including:
  • 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 with guidance
• 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 for marketing coverage for new business quotes and renewal, including requesting quotes, evaluating options, and conducting fact-based negotiation of rates and benefit features
• Develop and maintain excellent carrier relationships
• Analyze claims experience data and, with guidance, identify financial performance conclusions
• Write client-facing Executive Summaries that provide observations and findings; with guidance, recommend solutions and next steps
• Prepare carrier and client written correspondence, including carrier renewal confirmation letters and client renewal letters
• Participate in the peer review process, primarily as the reviewed party; may also act as a reviewer, predominantly for Associate Analyst I and Analyst II work
• Receive assistance and guidance from Benefit Analyst Team mentors
• With guidance, use analytic tools
• Keep current on industry information, technology, and trends
• Successfully maintain and service a full book of business

Knowledge, Skills and Abilities

• 1+ year of experience in employee benefits or a 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
• Comfortable with internet-based programs and Microsoft Office products
• Ability to carry out complex tasks with many concrete and abstract variables
• Strong problem-solving and critical-thinking skills

Why USI?

With approximately $3 billion in revenue and over 10,500 associates across approximately 200 offices nationwide, USI is one of the largest insurance brokerage and consulting firms in the world. At USI, we have created one of the most dynamic personal and professional development cultures in the industry, investing heavily in our associates and celebrating their growth and success through distinctive reward and recognition programs.

What truly distinguishes USI as a premier insurance brokerage and consulting firm is the USI ONE Advantage®, a value proposition that delivers to clients a robust set of risk management and benefit solutions with bottom-line financial impact. Through USI ONE, we develop strategic, timely, and effective risk management and benefit programs in clear terms and demonstrate their positive economic impact.

Industry-leading programs, rewards, and recognition include competitive pay, incentives, and benefits, plus the Summit Awards program that recognizes excellence in those who build our brand each day. USI offers programs that recognize outstanding achievement and help associates lead healthy, productive lives, including an award-winning wellness program, college scholarships for associates’ children, and financial assistance in times of need.

We are committed to giving back to our local communities and supporting a culture of environmental sustainability through volunteerism, partnerships with eco-conscious vendors, and efforts to reduce our environmental footprint. Our I’m With U diversity and inclusion program educates associates to better understand and serve clients, prospects, team members, and communities, building a more diverse, equitable, and inclusive culture.

Recognized as one of Insurance Business America’s Top Insurance Employers eight consecutive years (2018–2025), named to Business Insurance’s Best Places to Work in Insurance six years in a row (2020–2025), and listed on Fortune’s Best Workplaces in Financial Services & Insurance for the last two years (2024–2025), USI has also been certified as a Great Place To Work two years in a row (2024–2025).