Market Analyst

Summary

The Market Analyst supports important aspects of financial analysis related to clients’ group benefit programs. The Market Analyst works collaboratively with Account Manager(s) and Benefits Consultant(s), who will direct client deliverables. The Market Analyst may attend some client meetings to present financial analysis and observations.

Essential Duties and Responsibilities

• Drafts accurate exhibits for quarterly and annual client meetings
• Aids the Benefit Consultant with carrier negotiation process
• Mentors junior team members
• Drafts monthly reporting deliverables for clients
• Reviews client utilization reports using various reporting methods (i.e. carrier data, analytics platforms such as Springbuk)
• Drafts cost projections for renewals and benefit plan offerings
• Calculates Actuarial Values to price out plan design changes requested by the client team
• Drafts Incurred But Not Reported (IBNR) reserves analysis
• Aids with contribution analysis
• Analyzes industry benchmarks and drafts information for the client to show their competitiveness in the industry
• Develops working relationships with carrier partners
• Maintains accurate, current, organized, and complete market information in internal databases
• Aids team and clients as necessary with special projects

Qualifications, Skills and Requirements

• Ability to analyze data and recognize analytical patterns
• Strong verbal and written communication skills
• Effective handling of multiple and changing client priorities and deadlines
• Effective presentation of data
• Excellent interpersonal skills
• Ability to thrive in a fast-paced environment

Education, Training and Experience

• 3 to 5 years of experience
• Bachelor’s degree, required; Business, Finance, Math, Accounting or related field, preferred
• Proficient in all Microsoft Office products, required
• Intermediate to advanced proficiency in Microsoft Excel, required
• Experience in the healthcare industry working for a group insurance carrier, broker or consultant, preferred
• Knowledge of group insurance including medical, dental, CDHP, pharmacy, life and disability products, preferred
• Experience with database applications, a plus

Pay

The typical base pay range for this role nationwide is $75,000 to $85,000 per year. Your base pay is dependent upon your skills, education, qualifications, professional experience, and location. In addition to base pay, some roles are eligible for variable compensation, commission, and/or annual bonus based on your individual performance and/or the company’s performance.

Benefits

• Health, wellbeing, retirement, and other financial benefits
• Paid time off
• Overtime pay for non-exempt employees
• Robust learning and development programs
• You will receive reimbursement of job-related expenses per the company policy
• Employee perks and discounts

About the Role

OneDigital is an equal opportunity employer. Not only as a matter of standard, but to honor and celebrate our differences. We believe that the power of ONE starts with you. We are committed to cultivating and preserving a culture that celebrates diversity, insists on equity and inclusion, and connects us.

Schedule

We understand the immense responsibility and opportunities provided by Artificial Intelligence. We utilize advanced Artificial Intelligence [AI] technologies to enhance our recruitment process. This includes using AI to filter candidates based on their qualifications and to rediscover potential candidates from our existing applicant pool. Our AI systems help us efficiently identify the best fit for our open positions, ensuring a streamlined and effective hiring experience. However, AI does not replace the humans in our process. If you have concerns about our use of AI, you may opt out where laws allow.