Benefits Analyst (In-House Required)
Apply NowWe currently have an exciting opening for a Benefits Analyst. The right candidate will have prior experience in Employee Benefits industry with exposure to the RFP process, Underwriting, and cost analysis design. The primary responsibilities will be the preparation of RFPs, a thorough review of vendor proposals, compiling marketing results, preparation of financial cost analysis for client presentations, as well as renewal evaluations for assigned accounts. This role will work with both our internal team & broker/carrier partners, and must diligently follow the work flow process for all assigned accounts. The candidate must be a team player, yet able to operate independently. We are looking for an extremely detailed and organized individual, with strong data analytic skills, and the ability to deliver on multiple deadlines in a fast-paced environment. The ability to work well under pressure is vital to the success of this position.
Responsibilities
- Marketing Support:
- Collaborate with brokers to understand the needs of new or renewing employee-sponsored medical and ancillary plans.
- Scrub and organize Requests for Proposals (RFPs) to ensure accuracy and completeness before submission.
- RFP Management:
- Distribute RFPs to appropriate carriers and manage all correspondence & follow-ups.
- Review and compare carrier proposals to confirm they align with the requested specifications.
- Analysis & Reporting:
- Create detailed, side-by-side comparison spreadsheets of carrier proposals.
- Conduct financial analyses, including breakdowns of cost structures and savings opportunities.
- Broker Support:
- Serve as a point of contact for brokers throughout the RFP process.
- Provide insights and explanations regarding carrier proposals and financial analyses.
- Organization & Documentation:
- Maintain accurate and organized records of RFPs, proposals, and communications.
- Ensure timely delivery of completed proposals and analyses to brokers.
Qualifications
- Strong proficiency in Microsoft Excel, including advanced functions for data organization and analysis.
- Excellent organizational and project management skills to handle multiple RFPs simultaneously.
- Strong attention to detail and the ability to identify discrepancies in proposals and data.
- Effective communication skills for interacting with brokers and carriers.
- Experience in employee benefits, medical, or ancillary insurance plans preferred.
Compensation:
$60,000 – $65,000
