Employee Benefits Analyst II

USI Insurance Services is one of the largest insurance brokerage and consulting firms in the world, and they are seeking an Employee Benefits Analyst II. The role involves analyzing financial information for clients with benefit programs, preparing standard analyses, and serving as the primary contact with insurance carriers for marketing coverage.ResponsibilitiesResponsible for financial analytics for predominantly fully insured clients. Some clients may be self-funded. Typical client size is 100 to 250 livesPrepare standard analyses with minimal customization. Analyses may include: 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 guidanceDevelop alternative strategies, plan modeling, and cost reduction opportunitiesPerform technical analysis of group insurance contracts and financial arrangementsServe 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 featuresDevelop and maintain excellent carrier relationshipsAnalyze claims experience data. With guidance identify financial performance conclusionsWrite client facing Executive Summaries that provides observations and findings. With guidance, recommend solutions and next stepsPrepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal lettersParticipate in the peer review process, primarily as the reviewed party. May also act as a reviewer, predominantly for Associate Analyst I and Analyst II workReceive assistance and guidance from Benefit Analyst Team mentorsWith guidance, use analytic toolsKeep current on industry information, technology, and trendsSuccessfully maintain and service a full book of businessSkills1 year + experience in employee benefits requiredHigh School GraduateMust hold or be willing to obtain a state Life & Disability insurance licenseAbility to work in a fast-paced, team environment with minimal instructionAbility to manage and negotiate multiple priorities and deadlinesStrong written, verbal, and interpersonal communication skillsComfortable with internet-based programs and Microsoft Office productsAbility to carry out complex tasks with many concrete and abstract variablesStrong problem solving and critical thinking skillsCollege degree preferredBenefitsMedicalWellnessDentalVision401(k)Flexible spending and health savings accountsShort and long-term disabilityLife insurancePaid time off policyPaid family leave benefitPaid holiday timeCompany OverviewUSI Insurance Services is an insurance brokerage and consulting firm that delivers diversified insurance and financial services. It was founded in 1994, and is headquartered in Valhalla, New York, USA, with a workforce of 10001+ employees. Its website is https://www.usi.com/.



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