Employee Benefits Benefit Analyst

General Description :

Responsible for creating financial deliverables for smaller clients with less complex benefit programs.

Responsibilities :

• Responsible for financial analytics for fully insured clients. Some clients may be level funded. Typical client size is 100 to 250 lives.
• Prepare standard analyses on programs with limited levels of complexity. Analyses may include :
• Financial and contractual analysis
• Market review analysis
• Renewal rate and funding projections and modeling
• Analysis of claims utilization
• Develop alternative strategies, plan modeling, and cost reduction opportunities.
• Perform technical analysis of group insurance contracts and financial arrangements.
• Assist in negotiation of rates and benefit features with insurance carriers.
• Develop and maintain excellent carrier relationships.
• Review carrier renewal rating illustrations with Analytical Team Lead or mentor.
• With guidance, analyze experience claims utilization data for financial performance conclusions.
• With guidance write Executive Summaries providing observations and findings. Prepare carrier and client written correspondence.

Includes carrier renewal confirmation letters and client renewal letters.

• With guidance, use analytic tools.
• Keep current on industry information, technology, and trends.
• Participate in the peer review process as a participant. Receives assistance and guidance from Benefit Analyst team mentors.

Knowledge, Skills and Abilities :

• 6 months + experience in employee benefits or related field preferred.
• High School Graduate. College degree preferred.
• Must hold or be willing to obtain a state Life & Disability insurance license.
• Ability to work in a fast-paced, team environment with minimal instruction.
• Ability to manage multiple priorities and deadlines.
• Strong written, verbal, and interpersonal communication skills.
• Comfortable with internet-based programs and Microsoft Office products, including Excel and Word.
• Strong problem solving and critical thinking skills.
• Eager to learn new concepts and further professional development.
• Open to feedback and coaching.

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Why USI?

With more than $2.5 billion in revenue and over 10,000 associates across 200+ offices nationwide, USI is one of the largest insurance brokerage and consulting firms in the world.

At USI, we have created one of the most dynamic personal and professional development cultures in the industry. We invest heavily in our associates, and we take pride in celebrating their growth and success through our one-of-a-kind employee reward and recognition programs.

We invite you to learn more about what makes USI an exceptional place to work!

Unrivaled Resources and Support

What truly distinguishes USI as a premier insurance brokerage and consulting firm is the, a game-changing value proposition that delivers to clients a robust set of risk management and benefit solutions with bottom-line financial impact.

USI ONE® represents Omni, Network, Enterprise the three key elements that set USI apart from the competition. Through USI ONE, we develop strategic, timely and effective risk management and benefit programs in terms that are easy to understand, and we demonstrate how the solutions can have a positive economic impact.

Industry-Leading Programs, Rewards, and Recognition

In addition to competitive pay, incentives, and benefits, USI recognizes associates through our Summit Awards program, rewarding excellence in those who build our brand each day.

USI offers that recognize outstanding achievement and help our associates lead healthy, productive lives. We turn care into action with our award-winning wellness program, college scholarships for associates' children, and financial help in times of need.

Deep Community Engagement

We are committed to giving back to our local communities and supporting a culture of environmental sustainability. From sharing our time, talent, and resources to support local non-profit organizations, animal shelters, and environmental beautification and restoration projects to partnering with eco-conscious vendors and taking steps to reduce our own environmental footprint we’re working to build a better future.

Committed to a Diverse, Equitable, and Inclusive Workplace

Our award-winning diversity, equity, and inclusion program educated our associates to help them better understand and serve our clients, prospects, fellow team members, and local communities through curated education and training resources, employee support programs, and community outreach initiatives to build a more diverse, equitable, and inclusive culture.

Nationally Recognized as a Top Insurance Employer

• Recognized as one of Insurance Business America’s Top Insurance Employers for six consecutive years (2018-2023).
• Named to Business Insurance’s annual list of the Best Places to Work in Insurance four years in a row (2020-2023).
• Recipient of the American Heart Association’s Gold Status for a maintaining a culture of health and well-being five years in a row (2018-2022).
• Visit our for a complete list of industry awards and recognitions!

USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs.

USI also offers a generous paid time off policy, paid family leave benefit as well as 12 paid holidays .

This is a Paid Time Off / Paid Sick Leave eligible position. 18 days per year.

This is a bonus eligible position with a target incentive of 5%.

Salary Range : $52,200 - $65,000