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USI Insurance Services · 5 days ago

Employee Benefit Analyst II

Hunt Valley, MD

Full-time

Onsite

Entry Level

$60K/yr - $70K/yr

1+ years exp

USI Insurance Services is one of the largest insurance brokerage and consulting firms in the world, seeking an Employee Benefit Analyst II. The role involves analyzing financial information for clients with benefit programs, preparing various financial analyses, and developing relationships with insurance carriers.

Commercial InsuranceConsultingEmployee BenefitsFinancial ServicesHealth InsuranceInsuranceRisk Management

Growth Opportunities

Responsibilities

Responsible for financial analytics for predominantly fully insured clients. Some clients may be self-funded. Typical client size is 100 to 250 lives

Prepare 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 guidance

Develop alternative strategies, plan modeling, and cost reduction opportunities

Perform technical analysis of group insurance contracts and financial arrangements

Serve 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 features

Develop and maintain excellent carrier relationships

Analyze claims experience data. With guidance identify financial performance conclusions

Write client facing Executive Summaries that provides observations and findings. With guidance, recommend solutions and next steps

Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters

Participate in the peer review process, primarily as the reviewed party. May also act as a reviewer, predominantly for Associate Analyst I and Analyst II work. Receive assistance and guidance from Benefit Analyst Team mentors

With guidance, use analytic tools

Keep current on industry information, technology, and trends

Successfully maintain and service a full book of business

Qualification

Employee benefits analysisFinancial analyticsLife & Disability insurance licenseClaims experience analysisMarket review analysisRateFunding projectionsMicrosoft Office proficiencyCommunication skillsProblem solving skillsTeam collaboration