Employee Benefits Analyst II

At Alliant Insurance Services, we thrive on creating employee benefits solutions built on the idea that health makes growth possible. As top-tier professionals dedicated to solving our clients' health and welfare insurance challenges, Alliant team members deliver an unrivaled depth of service, and our unique approach enables us to help clients stay resilient and turn change into opportunity. This position is a chance to join a dynamic, expanding company with prospects for individual and career growth. As one of the 5 largest insurance brokerage firms in the U.S., Alliant provides property and casualty, workers' compensation, employee benefits, surety, and financial products and services to clients nationwide.

About the role

Hybrid work schedule with in-office requirement. Responsible for working with the 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 analyses including provider network analysis and carrier utilization analysis.

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 the client’s current details and history.
• Evaluates carrier utilization reporting to identify key cost drivers and make recommendations for possible plan design changes.
• Coordinates and assists in renewal challenges (underwriting).
• Creates new financial reporting packages from templates as needed.
• Conducts provider network comparison analysis (access disruption analysis).
• Coordinates with the account team to understand strategy for client renewal and define roles and responsibilities. Revisits throughout the renewal development process, outlining renewal project action items, including all deadlines.
• 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 the account team to determine plan options and/or marketing strategy; works with the account team to develop and execute negotiation strategy.
• Presents all final results to the account team; determines content and structure of renewal presentation and identifies analytical support materials (e.g., utilization review, contribution strategy, benchmarking, financial reporting).
• 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 the 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).
• Other duties as assigned.

Requirements

• Bachelor’s degree or equivalent combination of education and experience. Degree in Business or Mathematics preferred.
• One (1) or more years of 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 (awareness of existence and how to get a quote).
• Knowledge of all major fully-insured and self-funded lines of benefits insurance (Medical, Dental, Vision, Life and Disability, EAP).

Skills

• Proficient in Microsoft Office Suite: Excel, PowerPoint, 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.
• Salesforce experience preferred.

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.