Qualifications
Responsibilities
Benefits
THE OPPORTUNITY:
As anEmployee Benefits Financial Analyst, you will provide analytical support to Business Advisors and client services team. You willbuild relationshipswith internal and external customers while providing guidance and assistance.You will have continuous learningand development opportunities to work towards your career goals.
We are the perfect fit if you:
Are seeking a progressive work environment at a rapidly growing organization
Have an entrepreneurial spirit and are challenged by the opportunity to grow the business
Are focused on learning and development to enhance your industry knowledge and expertise
Are a self-starter willing to invest time and energy to learn the technical aspects of our business
Believe in integrity and building success by developing relationships with others
Your job responsibilities as an Employee Benefits Financial Analyst
Provides analytical support to meet the data and reporting needs of our clients. Serve as a reporting and analytics Subject Matter Expert (SME) for internal and external stakeholders, providing information and guidance in resolving inquiries. Develop routine reports for clients to include renewal information, renewal history, mid-year planning, stewardship, monthly or quarterly utilization and claims analysis, etc.
Creates custom reports as needed to assist in answering client inquiries, including plan cost variances, plan change analysis, claim history, claim projections, etc. and conduct complex analysis of data when required. You will prepare renewal information, which includes plan data, census, and renewal history.
Develops and communicates strategy for RFPs, results and reports to carrier partners/vendors. Responsible for the new and renewal submission and implementation as it relates to the quoting process. Progressive project management for the timely renewal process concerning quality, deadline, workflow, communication and carrier coordination.
Interprets client27s needs and makes recommendations on direction of RFP and contribution analysis.
Quoting new and renewal groups
Understands and analyzes the respective markets and products in order to find the best solutions to meet client27s needs.
Examines benefits and claims data for inclusion in RFPs, organizes carrier & vendor bids received and follows up on non-responses and late submissions.
Negotiates with carriers throughout the RFP process.
Addresses carrier questions during RFP process and advises carriers on the client benefit strategy.
Support Account Executive with data gathering of benchmarking, strategic planning and reporting duties.
Conducts claims analysis and contribution modeling.
Serves as a Self-Funded Subject Matter Expert (SME), independently running actuarial valuations (AVs), ISL modeling and lasers, expected claims calculations, budget/accrual rates, and increments/decrements.
Builds and delivers complex experience reporting, taking ownership of tasks previously completed by the Financial Consultant team (FCT) with FCT peer review.
Performs advanced data mining, interpretation, and advisory services as an Infused Analytics SME, going beyond standard reporting to provide actionable insights and troubleshooting for Account Executives and clients.
Interprets census data and evaluates it for accuracy.
Communicates with Account Executives and Producers on status of marketing activity.
Reviews insurance bids for compliance with specifications, identifying key differences in bids, and maintaining client databases within internal systems.
Creates and updates templates used during the strategy and marketing process.
Adds to and maintains client access to external online portals.
Provides mentorship and training to Benefit Analysts and Benefit Analysts II, partnering on accounts to level-up team members27 self-funded and analytics capabilities.
Manages and assists with client-related service issues.
Attend carrier sales meetings, trainings, and webinars.
Maintaining detailed knowledge of new and existing products and relaying between carriers, Account Executives & Producers.
Communication and coordination with the carriers and internal HUB Team.
Expert user in BenAdmin, workflow, carrier and proposal systems.
Possesses and applies advanced knowledge of HUB internal solutions and SMEs (e.g., financial consulting practice, stop-loss panel, voluntary benefits and Rx SMEs).
Utilizes and interprets Snapshot 360, Health Insights data, and Infused Analytics (Cedar Gate) tools, providing data mining, advisory, and troubleshooting support beyond standard reporting.
Perform research and problem resolution of data issues using multiple systems, tools and resources.
Maintains positive relationships both internally and externally.
Maintain HUB Values including HIPAA and ACA Compliance.
Ensures we27re meeting HUB turn-around times as outlined in the KPIs.
Assist in the development and implementation of new processes and procedures.
Functions as the analytical subject matter in strategy meetings with Account Executive and Producer.
Collaborates with the Financial Consultant team (FCT) on infused analytics, interpretation and solutions, and strategy and presentation for complex client deliverables.
Delegates ancillary marketing tasks to Benefit Analysts, allowing focus on strategic marketing efforts to improve outcomes for clients.
Expected to manage a book of business with revenue of $2,000,000.00 6$2,500,000.00 with an expected client count of 10 15.
Qualifications:
Bachelor27s degree from college or university preferred
Minimum six years of experience in benefit brokerage, benefit data analytics, benefits/insurance administration, or related field preferred
An equivalent combination of education and/or relevant work experience may be substituted in lieu of minimum qualifications
Must have experience marketing group benefits to carriers
Experience with self-funded plans is required
Must be a critical thinker, with strong communication, interpersonal, multi-tasking and organizational skills
Excellent verbal and written communication skills
The preferred candidate is a team player with a great attitude, self-motivation and the ability to work in a fast-paced environment
Strong communication, interpersonal, multi-tasking, and organizational skills required
Must be thorough, detail-oriented and is responsible for working with confidential information
Ability to accommodate immediate requests, perform under short deadlines and coordinate multiple jobs
Ability to function independently with minimal supervision
The expected salary range for this position is $100,000 - $120,000k depending on geographical location and will be impacted by factors such as the successful candidate27s skills, experience and working location, as well as the specific position27s business line, scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HSA and 401(k) accounts, paid-time-off benefits, and eligible bonuses, equity and commissions for some positions.
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LIKE US SO FAR?
Take the first step toward creating a future that combines a diverse, challenging work environment with financial security and career satisfaction. Apply online today!
What we offer you
We invest in your growth. HUB offers structured training, licensing support, and ongoing development opportunities designed to accelerate your career. Benefits and programs vary based on employment status, role, location, and applicable eligibility requirements.
The HUB difference
HUB International is one of North America27s largest insurance brokers, delivering risk management, insurance, employee benefits, retirement and wealth management solutions to businesses and individuals across the United States and Canada 6 through locally led teams backed by national expertise, giving you the agility of a local partner and the reach of a global organization.
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