Financial Analyst

Financial Analyst

Requirements

• Bachelor’s degree from college or university preferred
• Minimum two years of experience in benefit brokerage, benefit data analytics, benefits/insurance administration, or related field preferred
• An equivalent combination of education and/or relevant work experience may be substituted in lieu of minimum qualifications
• Must be a critical thinker, with strong communication, interpersonal, multi-tasking and organizational skills
• Excellent verbal and written communication skills
• Strong communication, interpersonal, multi-tasking, and organizational skills required
• Must be thorough, detail-oriented and is responsible for working with confidential information
• Ability to accommodate immediate requests, perform under short deadlines and coordinate multiple jobs
• Ability to function independently with minimal supervision

Responsibilities

• Provides analytical support to meet the data and reporting needs of our clients.
• Creates custom reports as needed to assist in answering client inquiries, including plan cost variances, plan change analysis, claim history, claim projections, etc. and conduct complex analysis of data when required.
• Develops and communicates strategy for RFPs, results and reports to carrier partners/vendors.
• Responsible for the new and renewal submission and implementation as it relates to the quoting process.
• Progressive project management for the timely renewal process concerning quality, deadline, workflow, communication and carrier coordination.
• Interprets client’s needs and makes recommendations on direction of RFP and contribution analysis.
• Quoting new and renewal groups.
• Understands and analyzes the respective markets and products in order to find the best solutions to meet client’s needs.
• Examines benefits and claims data for inclusion in RFPs, organizes carrier & vendor bids received and follows up on non-responses and late submissions.
• Negotiates with carriers throughout the RFP process.
• Addresses carrier questions during RFP process and advises carriers on the client benefit strategy.
• Support Account Executive with data gathering of benchmarking, strategic planning and reporting duties.
• Conducts claims analysis and contribution modeling.
• Interprets census data and evaluates it for accuracy.
• Communicates with Account Executives and Producers on status of marketing activity.
• Reviews insurance bids for compliance with specifications, identifying key differences in bids, and maintaining client databases within internal systems.
• Creates and updates templates used during the strategy and marketing process.
• Adds to and maintains client access to external online portals.
• Provides training as a subject-matter-expert to other Client Services team members on various topics.
• Manages and assists with client-related service issues.
• Attend carrier sales meetings, trainings, and webinars.
• Maintaining detailed knowledge of new and existing products and relaying between carriers, Account Executives & Producers.
• Communication and coordination with the carriers and internal HUB Team.
• Expert user in BenAdmin, workflow, carrier and proposal systems.
• Perform research and problem resolution of data issues using multiple systems, tools and resources.
• Maintains positive relationships both internally and externally.
• Ensures we’re meeting HUB turn-around times as outlined in the KPIs.
• Assist in the development and implementation of new processes and procedures.
• Functions as the analytical subject matter in strategy meetings with Account Executive and Producer.
• Works within the project management tool SmartSheet.

Preferred Qualifications

• The preferred candidate is a team player with a great attitude, self-motivation and the ability to work in a fast-paced environment