Benefit Analyst III

General Description

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

• Responsible for financial analytics for clients that are fully insured and self‑funded. Typical client size is 100 to 1,000 lives.
• Prepare standard analyses with occasional customization.
• 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. Includes requesting quotes, evaluating options, negotiating rates and benefit features, and preparing renewal/new plan options with executive summary.
• Develop and maintain excellent carrier relationships.
• Review and validate carrier renewal rating illustration.
• Analyze experience and claims utilization data for financial and plan usage conclusions. Includes identifying trends and relationship of experience to renewal rating. With guidance suggest action items.
• Write client‑facing Executive Summaries that provide observations, conclusions, recommendations, and next steps. With guidance articulate USI strategic objectives.
• Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters.
• Occasionally conduct analysis using USI internal and third‑party external tools. Includes USI 3D, USI Clear Options Rx, and actuarial tools.
• Participate in peer review process as a participant and a reviewer.
• Occasionally participate in new Analyst onboarding training.
• Keep current on industry and new product information, legislation, technology, and trends.

• 3 years or more 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.

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%.

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