Benefit Analyst III

General Description

Responsible for analyzing information and creating financial deliverables for clients with standard to complex benefit programs, including fully insured and self‑funded clients.

• Financial analytics for fully insured and self‑funded clients (typical client size 100‑1,000 lives).
• Prepare standard analyses with occasional customization, including market review analysis; renewal rate and funding projections and modeling; analysis of claims utilization; rate and contribution analysis; benchmarking; financial funding analysis; IBNR and lag analyses.
• 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; negotiate and market coverage for new business quotes and renewals; prepare renewal or new plan options with executive summary.
• Develop and maintain carrier relationships.
• Review and validate carrier renewal rating illustration.
• Analyze experience and claims utilization data for financial and plan usage conclusions; identify trends and relationships to renewal rating; suggest action items.
• Write client‑facing executive summaries that provide observations, conclusions, recommendations, and next steps.
• Prepare carrier and client written correspondence, including renewal confirmation letters and client renewal letters.
• Occasionally conduct analysis using internal and third‑party tools (USI 3D, USI Clear Options Rx, actuarial tools).
• Participate in peer review process as a participant and reviewer.
• Occasionally participate in new analyst onboarding training.
• Keep current on industry and new product information, legislation, technology, and trends.

• At least 3 years of experience in employee benefits or related field.
• 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 and negotiate multiple priorities and deadlines.
• Strong written, verbal, and interpersonal communication skills.
• Working knowledge of Microsoft Office products, including Excel and Word.
• Ability to become proficient in internal analytic systems and carrier online reporting tools.
• Strong problem‑solving and critical‑thinking skills.
• Ability to carry out complex tasks with many concrete and abstract variables.

USI is committed to providing a full suite of competitive benefits, including medical, wellness, dental, and vision care; 401(k); flexible spending accounts and health savings accounts; short‑ and long‑term disability; life insurance; and other employer‑sponsored and voluntary programs. USI also offers generous paid time off, paid family leave, and paid holidays.