Employee Benefits Analyst V

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.

Responsibilities

• Financial analytics for fully insured and self-funded clients (typical size 100‑1,000 lives).
• Prepare standard analyses with occasional 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, 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 (request quotes, evaluate options, negotiate rates and benefit features, prepare 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; identify 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 (carrier renewal confirmation letters, client renewal letters).
• Occasionally conduct analysis using USI internal and third‑party external tools (USI 3D, USI Clear Options Rx, actuarial tools).
• Participate in peer review process as participant and 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 wide range of 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.
• Generous paid time off policy: 18 days per year (Paid Time Off/Paid Sick Leave eligible).
• Paid family leave benefit and 12 paid holidays.
• Bonus eligible position with a target incentive of 5%.
• Award‑winning wellness program, college scholarships for associates’ children, financial help in times of need.
• Deep community engagement and environmental sustainability initiatives.
• Award‑winning I’m With U diversity and inclusion program.
• Recognized as a top insurance employer (multiple national awards).

Pay

Salary range: $115,000 – $140,00