Bellevue, WA or Portland, OR
$75,000 to $95,000
Are you working as a Benefits Analyst at an insurance brokerage in either the Seattle or Portland area and feel like you don’t have any opportunities for growth?
My client is a large independent insurance brokerage and they are adding a new Group Benefits Analyst to their growing Employee Benefits division. You can work out of either their Bellevue, WA or Portland, OR office. You will be part of the support team that the Producers and Senior Account Managers rely on for complex plan design for new clients, renewal strategy, and experience reporting needs. You will be responsible for producing and maintaining the financial review of client’s employee benefits for a book of business of mid-size and large self-insured clients as part of a client service team.
The client offers an excellent benefits package, strong starting salary, outstanding reputation for insurance expertise as well as community philanthropy. They strive to promote from within whenever possible and they are committed to continuing education and career development.
This is a full time permanent career position.
Specific of the role:
Provide an in-depth summary and analysis of client’s monthly experience and quarterly utilization for fully-insured and self-insured groups for all different platforms.
Produce renewal projections for all clients with experience, both fully-insured and self-insured.
Order the DMW while providing an overview of the annual report and evaluating utilization patterns through drill downs. Present suggestions of ways to help improve utilization and overall cost of the plan. Write an accompanying executive summary.
Use the actuarial model within Zywave/DMW to develop plan modifications.
Extract benefit and rates for preparation of renewal from carrier/vendor contracts and illustrate within Excel proposals.
Request and evaluate renewals for fairness and accuracy.
Market group benefits when necessary.
Illustrate benefit modification and alternate contribution scenarios.
Perform stop-loss renewal analysis and negotiations
Create COBRA rates; provide IBNR updates
Provide peer review support to client team members.
Negotiate with carriers on clients behalf.
Ability to be resourceful and creative in providing solutions for the client to help control costs while continuing to offer competitive options.
Attend client meetings and participate in presentations.
Serve as an internal resource for specific analytic work for fully insured groups.
Develop and maintain carrier and client relationships.
Maintain client files in compliance with company standards.
Actively participate in oral interviews with prospective clients.
Minimum of 2-4 years of experience in a benefits department of a retail insurance agency or brokerage.
Maintain a high degree of professionalism to the marketplace, industry, and prospective and current clients.
Strong, working knowledge of Microsoft Excel , Word and Outlook.
Familiarity of Washington insurance markets and products preferred.
Attend industry events and educational opportunities to keep knowledge fresh and up-to-date.
Client presentation skills are preferred.
Some travel may be involved.
Maintain current life and disability insurance license
Soft skills desired:
The ideal candidate will be a team player with a strong aptitude to problem solve, attention to detail, negotiate, ability to prioritize work in a fast paced environment under pressure, motivated, meet deadlines and be a strong communicator.
To apply, email your resume to firstname.lastname@example.org or call 425-298-0278.