Financial Consultant - Employee Benefits

Essential Job Responsibilities

Supports and demonstrates IMA’s core values
Values and understands the importance of diversity, equity, and inclusion among all IMA associates
Interacts professionally and timely with internal and external clients via email, phone and in-person
Financial Strategy
- Leads complex technical work and strategic financial consulting regarding employee benefit plans
- Communicates technical analysis to clients regarding cost projections, savings opportunities, and proper risk management
- Drives local process improvements and supports innovation
Marketing/RFPs
- Prepares and manages RFP for all self-funded TPA and stop loss submissions to market with Client Executive direction
- Collects, manages, and reviews proposals on self-funded TPA and stop loss marketing events
- Updates marketing results into spreadsheet ensuring accuracy to be used internally and in client presentation
Renewals
- Initiates review of fully insured medical, and self-funded TPA and stop loss renewals, including plans, cost, contributions and contract terms
- Leads recommendations to client regarding renewal analysis
- Utilizes actuarial models to assess changes to risk and plan structure
- Partners with carrier and vendor partners
Underwriting & Analysis
- Provides analysis for benchmarking, contribution, disruption, network, stop loss deductible and GeoAccess analysis
- Provides and communicates underwriting cost projections for self-funded medical/Rx, dental, and vision products.
- Develops and communicates self-funded IBNP analysis to client
- Assesses proper risk and funding structures such as fully insured vs. self-funded analysis, and presents findings to client to align with client goals
Reporting
- Analyzes data for inconsistencies and trends
- Provides a written and oral summary of findings to Client Executive, and directs strategic considerations for managing cost
- Builds and customizes reports to fit client needs
Presentation
- Prepares client presentations and presents in front of client with as part of team with Client Executive, Client Manager, and various subject matter experts
Mentoring & Training
- Provides mentorship to analysts and performs technical review of work
- Serves as a subject matter expert for specific financial strategy functions, and leads local process improvements
- Serves as experienced peer reviewer, ensuring standards of practice and work quality standards are met

Required Experience and Skills

• 6+ years of similar or related experience
• Prioritize college graduate, 4-year degree or equivalent experience
• Proficiency with MS Office Suites
• Attains Life and Health license & maintains through continuing education requirements
• Limited travel required (less than 25%)
• Understands concepts of underwriting and actuarial computations
• Analyzes and interprets data
• Effectively manages multiple projects while meeting timelines
• Handles confidential information with tact and discretion

Compensation & Benefits

Salary Range: $90,000 USD - $120,000 USD
Congratulations on joining the IMA family! As a valued member of our team, you’ll enjoy a comprehensive benefits package designed to support your health, financial security, and overall well-being. This includes:

• Annual Performance Bonus
• Stock Purchase
• Medical Plans
• Prescription Drugs
• Dental
• Vision
• Family Assistance Program
• FSA
• HSA
• Pre-Tax Parking Plan
• 401(k)
• Life/AD&D
• Accident
• Critical Illness
• Hospital Indemnity
• Long Term Care
• Short-term Disability
• Long-term Disability
• Business Travel Accident
• Identity Theft
• Paid Time Off
• Flexible Work Options
• Paid Holidays
• Sabbatical
• Gift Matching
• Well-Being Stipend
• Personal and Professional Development

The IMA Financial Group, Inc. provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, The IMA Financial Group, Inc. complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.