Financial Consultant, Employee Benefits

About the role

We are looking to add a Financial Consultant to join our EB team in Minneapolis, MN. Holmes offers a forward-thinking, innovative, and vibrant company culture, along with the opportunity to share your unique potential.

Responsibilities

• Runs and analyzes client monthly financial reporting (MFSR) and presents MFSRs to clients.
• Provides intermediate-level financial reporting and presents results to clients.
• Works independently and/or under senior team member's guidance to assist with client budget modeling as needed.
• Recommends basic strategic and tactical initiatives based upon clinical and financial data.
• Analyzes IBNR results with senior team member oversight.
• Attends client meetings with occasional day and overnight travel required.
• Articulates how emerging market conditions impact client health and welfare plans from a cost and clinical perspective.
• Articulates employee benefit related compliance regulations, particularly as it pertains to client financial and budget needs.
• Articulates plan designs, funding arrangements, benefit/demographic adjustments, stop-loss insurance, out of network savings arrangements.
• Project management of intermediate financial/reporting/H&W benefits projects.
• Performs special projects and other duties as requested.

Requirements

• High school diploma; college degree preferred.
• 3-5 years applicable experience, preferably in the insurance industry (at a brokerage or provider organization).
• Active state specific Life & Health Insurance agent’s license required or the ability to acquire license within three months of hire.

Skills & Competencies

Core Competencies

• Trust: Build trust through honest and caring actions and consistently do the right thing.
• Communication: Seek understanding to convey messages and information to others in a caring and constructive manner.
• Client Focus: Establish meaningful relationships with clients (internal and external) by supporting their unique potential and delivering an impactful experience.
• Teamwork: Contributes to the success of the organization by effectively influencing others and uplifting their experiences and unique strengths.

Technical Competencies

• Business & Technology Knowledge: Invests in the development of technical knowledge, understands business needs to make informed decisions and deliver technology solutions, including effective related processes and procedures.
• Problem Solving: Ability to efficiently identify problem(s), leverage resources to determine root cause(s) and propose and implement solutions or make improvements.

Benefits

• Paid Parental Leave and supportive New Parent Benefits.
• Company paid continuing Education & Tuition Reimbursement.
• 401k Profit Sharing — annual lump sum contribution to every full-time employee’s 401k.
• Generous time off practices in addition to paid holidays.
• Paid Volunteer time off and employee matching gifts to charities.
• Inclusion & Belonging Programs, including a paid Diversity Day time-off option, Employee Resource Groups, and development programs.
• Annual merit increase and promotion opportunities.
• Discretionary bonus opportunity.

Pay

The salary range for Minnesota is $83,800 - $125,800. Compensation is based on several factors, including, but not limited to, education, work experience, and industry certifications. In addition to salary, Holmes Murphy offers a comprehensive total rewards program including annual bonuses, total wellbeing benefits, and support for professional development.

At this time, we are not considering candidates who require any type of immigration sponsorship now or in the future.