Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates · 1 week ago
Health & Welfare Benefits Financial Analyst
New York, United States
Full-time
Hybrid
Mid Level
$95K/yr - $105K/yr
3+ years expSkadden, Arps, Slate, Meagher & Flom LLP is one of the most prestigious law firms in the world, known for its collaborative approach and high-quality legal solutions. They are seeking a Health & Welfare Benefits Financial Analyst to support the financial management of the firm's health and welfare benefit plans by collecting and analyzing financial data, preparing reports, and coordinating with various stakeholders.
ConsultingLaw EnforcementLegal
No H1B
Responsibilities
Support the financial planning and development of benefit plans including but not limited to medical, dental, vision, life, and disability
Participates in the financial tasks associated with the benefit programs planning including the development of rate setting, forecasting, and the impact to the P&L and balance sheet
Updates budget spreadsheets and maintains all related financial accounting and reconciliation data including collecting data from both internal and external resources, maintaining census information, premium and claim spreadsheets and other related reports
Analyzes monthly claims tracking reports for self-insured plans including paid claims and all fixed costs associated with the plans
Develops self-insured medical plan trend reports utilizing databases provided by the insurance carriers
Develops and maintains budgetary spreadsheets and maintains all related financial accounting and reconciliation data including but not limited to: collecting all relevant data from both internal and external resources, maintaining and updating all related annual/monthly carrier premium claim spreadsheets and related census data, departmental budget spreadsheets, and all other related reports
Reviews and reconciles carrier invoices and facilitates payment of invoices
Analyzes trends and assists in the development of recommendations of plan design and contributions by identifying savings opportunities to control costs
Conducts auditing functions to ensure data accuracy and integrity
Support day-to-day project management by coordinating the scheduling of meetings with carriers and brokers and maintaining records and notes, tracking take-aways items from meetings and responsible to follow-up with stakeholders for associated items. Assist with the review of materials provided
Work with brokers and consultants to support the management of third-party vendor relationships to ensure efficient and effective management and administration of all benefit plans
Supports the annual renewal processes for all health and welfare benefit plans and programs including but not limited to: guiding the renewal timelines, analyzing proposals and negotiating pricing and applicable contract terms, and developing associated budget and financial analysis spreadsheets to be presented to senior leadership
Assist in reviewing benchmark data to identify industry and competitor trends. Supports research of best practices using market surveys, networking, and other sources of industry information, to recommend competitive and cost effective benefit packages
Anticipates and meets partner and employee needs in a timely and professional manner
Performs other duties as assigned
Qualification
Required
Knowledge of Firm operation, policies and procedures
Pays attention to detail and data accuracy
Works well independently, takes initiative and works well with limited supervision
Strong written communication skills including strong grammar and proofreading ability
Ability to synthesize, interpret and summarize information in a clear, concise manner
Must be highly organized with ability to work well under pressure and manage multiple high-priorities in a fast-paced environment; flexible and adaptable
Strong computer skills; high proficiency in MS Word and expert level MS Excel skill set, HR systems, Database systems
Strong skills in data mining, manipulation, and analysis
Knowledge of laws and regulations impacting employee benefits
Knowledge of payroll and accounting functions, as they relate to the interaction with benefits
Proficient in mathematical and accounting principles, general ledger, budgeting and budget variance analysis
Keeps matters confidential
Strong customer service and interpersonal skills
Is a team player; deals courteously/effectively with others
Flexibility to adjust hours to meet operating needs
Bachelor's degree
Minimum of three (3) years of related experience
Self-insured health plan financials experience required
Preferred
Workday experience preferred
Benefits
Competitive salaries and year-end discretionary bonuses.
Comprehensive health care (medical, dental, vision), savings plan/401(k) and voluntary benefits.
Generous paid time off.
Paid leave options, including parental.
In-classroom, remote, and on-demand learning and professional development opportunities.
Robust well-being classes and programs.
Opportunities to give back and make an impact in local communities.
Company
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates delivers the highest quality advice and novel solutions to legal challenges, enabling clients to achieve their business goals.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Annemarie Crouch
Chief People Officer
Armando Gomez
Partner
Recent News
bloomberglaw.com
2026-01-06
Mergers & Acquisitions
2025-10-23
2025-10-20
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