ESSENTIAL JOB RESPONSIBILITIES include but are not limited to:
- Supports and demonstrates IMA's core values
- Values and understands the importance of diversity, equity, and inclusion among all IMA associates
- Interacts professionally and timely with internal and external clients via email, phone and in-person
Marketing/RFPs:- Prepares and manages RFP for all self-funded TPA and stop loss submissions to market with Client Executive direction
- Collects, manages, and reviews proposals on self-funded TPA and stop loss marketing events
- Updates marketing results into spreadsheet ensuring accuracy to be used internally and in client presentation
Renewals:- Initiates review of fully insured medical, and self-funded TPA and stop loss renewals, including plans, cost, contributions and contract terms
- Provides recommendations to client regarding renewal analysis
- Partnership & Negotiation
- Negotiates with carriers based on client's targeted goals
- Maintains ongoing relationships with carrier and vendor partners
Underwriting & Analysis:- Provides analysis for benchmarking, contribution, disruption, network, stop loss deductible and GeoAccess analysis
- Provides underwriting cost projections for self-funded medical/Rx, dental, and vision products.
- Develops and communicates self-funded IBNP analysis to client
- Assesses proper risk and funding structures such as fully insured vs. self-funded analysis, and presents findings to client to align with client goals
Reporting:- With minimal guidance, analyzes data for inconsistencies and trends
- Provides a written and oral summary of findings to Client Executive
- Builds and customizes reports to fit client needs
Presentation:- Prepares client presentations and presents in front of client with provided direction from Client Executive
- Provides mentorship to analysts and performs technical review of work
REQUIRED EXPERIENCE AND SKILLS include but are not limited to:
- 4+ years of similar or related experience
- Prefer college graduate, 4-year degree or equivalent experience
- Proficiency with MS Office Suites
- Attains Life and Health license & maintains through continuing education requirements
- Limited travel required (less than 25%)
- Understands concepts of underwriting and actuarial computations
- Analyzes and interprets data
- Effectively manages multiple projects while meeting timelines
- Ability to be firm and persuasive when needed, while maintaining good relationships
- Handles confidential information with tact and discretion
#LI-JS1
Salary Range
$75,000-$113,000 USD
Compensation & BenefitsBeing a part of IMA has its benefits. When you become part of the IMA family, you become eligible to take part in our valuable benefits and rewards package designed to benefit you, your family, and your life. Our plans are cost-effective, convenient and provide progressive ways for staying healthy, protecting loved ones, pursuing financial security and living a full and balanced life. This role is eligible for the following:
Annual Performance Bonus, Stock Purchase, Medical Plans, Prescription Drugs, Dental, Vision, Family Assistance Program, FSA, HSA, Pre-Tax Parking Plan, 401(k), Life/AD&D, Accident, Critical Illness, Hospital Indemnity, Long Term Care, Short-term Disability, Long-term Disability, Business Travel Accident, Identity Theft, Paid Time Off, Flexible Work Options, Paid Holidays, Sabbatical, Gift Matching, Well-Being Stipend, Personal and Professional Development. In addition to our robust benefits package, the final offer amounts will depend on a variety of factors, including the candidate's geographic location, prior relevant experience, and their knowledge, skills, and abilities.
*These benefits do not apply to internship roles.This Job Description is not a complete statement of all duties and responsibilities comprising this position.
