Employee Benefits Analyst II

Description and Requirements

Responsible for financial analytics for predominantly fully insured clients. Some clients may be self-funded. Typical client size is 100 to 250 lives.

• Prepare standard analyses with minimal customization.
  • 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. Includes requesting quotes, evaluating options, and conducting fact-based negotiation of rates and benefit features.
• Develop and maintain excellent carrier relationships.
• Analyze claims experience data. With guidance identify financial performance conclusions.
• Write client facing Executive Summaries that provides observations and findings. With guidance, recommend solutions and next steps.
• Prepare carrier and client written correspondence. Includes 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.

Qualifications

• 1 year + experience in employee benefits required.
• 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.

Benefits

• Nationwide presence with over 10,500 associates.
• One of the largest insurance brokerage and consulting firms in the world.
• One-of-a-kind employee reward and recognition programs.
• Comprehensive health, welfare, and financial 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.
• A generous paid time off policy, paid family leave benefit, and paid holiday time.

About USI

USI is committed to providing a full-suite of competitive benefits for its growing population and diverse needs. USI is nationally recognized as a Top Insurance Employer and has received numerous industry awards and recognitions.

Why USI?

• One of the largest insurance brokerage and consulting firms in the world.
• One-of-a-kind employee reward and recognition programs.
• Comprehensive health, welfare, and financial 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.
• A generous paid time off policy, paid family leave benefit, and paid holiday time.
• Committed to a diverse and inclusive workplace.
• Nationally recognized as a Top Insurance Employer.