Job summary
Benefit analysts are responsible for the strategic and financial analysis of employee benefits business to include both new business and renewal business in conjunction with advisorsThe position requires current knowledge of the insurance industry as well as familiarity with their products, underwriting and rating systemsThe analyst is constantly helping to coordinate a high-volume workload with a deadline-driven environment and changing prioritiesStrong, positive relationships with internal staff, carriers and clients is vital.
Essential functions
Renewal management/new business quoting
Analysis of client’s current health and welfare benefits, objectives and strategy jointly with a survey of multiple carrier options and marketplace for client suitability
Tracking and negotiating renewal increases and alternate options
Rfp preparation and management
Maintains agency management system data standards and integrity
Maintains client files with excellent documentation and organization of data
Contribution/cost analysis and specialized reporting using spreadsheets
Preparation of renewal/new business proposals and other materials for presentation to clients
Build and maintain marketing/carrier relationships
Stay informed of industry changes, carrier product offerings and market trends
Protect confidential information based on hippa and other regulatory privacy laws
Skills and abilities
Professional demeanor, highly organized, problem solving ability, positive work ethic, good judgement, excellent communication skills, analytical skills, flexible, ability to recognize urgent needs, innate critical thinking, attention to detail, ability to work both independently and collaboratively, self-motivating
Qualifications
High school degreeA general understanding of the independent insurance agency system is desired; familiar with life & health operations is helpfulProficient in software applications commonly used in an office environment as well as ability to learn new applicationsStrong excel knowledge is preferred.
Supervisory responsibility
No direct reports
General
This description is intended to describe the basic role and most commonly occurring dutiesOther duties and special projects may also be assigned.
