The Financial Benefits Consultant supports all aspects of financial analysis related to clients' group benefit programs. The Financial Benefits Consultant works closely and collaboratively with other members of the financial support team to provide support to Account Manager(s) and Benefits Consultant(s). Deliverables will include benefit and financial illustrations that allows clients to properly evaluate their benefit plans.
Essential Duties and Responsibilities (include but are not limited to):
Drafts and reviews accurate exhibits for quarterly and annual client meetings
May assist the Benefit Consultant with carrier negotiation process
Mentors junior team members
Drafts and reviews client utilization reports using various carrier reporting methods
Analyzes data and identifies opportunities for plan design and product changes, based upon observed utilization patterns
Drafts and reviews monthly reporting deliverables for clients.
Drafts and reviews cost projections for benefit plan offerings.
Analyzes industry benchmarks and drafts information for the client to show their competitiveness in the industry.
Develops and maintains strong working relationships with carrier partners
Maintains accurate, current, organized, and complete market information in internal databases
Assists team and clients as necessary with special projects
Qualifications, Skills and Requirements:
Ability to analyze data and recognize analytical patterns
Strong verbal and written communication skills
Presentation skills
Ability to effectively handle multiple and changing client priorities and deadlines
Excellent interpersonal skills
Ability to thrive in a fast-paced environment
Education, Training and Experience:
3-5 years of experience
Bachelor's degree, required; Business, Finance, Math, Accounting, or related field, preferred
Proficient in all Microsoft Office products, required
Intermediate to advanced proficiency in Microsoft Excel, required
Experience in the healthcare industry working for a group insurance carrier, broker or consultant, preferred
Knowledge of group insurance including medical, dental, CDHP, pharmacy, life and disability products, strongly preferred