World Insurance Associates LLC · 3 days ago
Employee Benefits Senior Underwriting & Financial Analyst - Middle & Large Group
Syosset, NY
Full-time
Onsite
Mid, Senior Level
$90K/yr - $95K/yrWorld Insurance Associates is a unique financial services organization that empowers clients to improve their risk management outcomes and benefits programs. The Employee Benefits Senior Underwriting & Financial Analyst will lead financial strategy discussions for complex clients, analyze financial data, and contribute to the development of innovative underwriting models.
AdviceCommercial InsuranceEmployee BenefitsFinancial ServicesHealth InsuranceHuman ResourcesInsuranceLife Insurance
Responsibilities
Lead RFP process from end to end, including strategy design to placement of coverage for complex middle and large market clients, including those who are level funded or self-funded
Lead renewal projections, pricing strategies, contribution modeling, self-funded feasibility studies, analysis of financial arrangements and renewal/marketing of self-funded programs (TPA, PBM, Stop Loss)
Analyze financial and utilization data to identify underlying cost drivers, trends and relationship of experience to renewal rating
Identify and recommend potential changes to mitigate trend, guide renewal strategy, and model plan design alternatives
Utilize advanced knowledge of medical underwriting and carrier renewal methodologies to identify and leverage opportunities for negotiating with carriers
Leverage deep carrier relationships to enhance WIAs position in the marketplace and support local offices with challenging issues
Contribute technical expertise to the improvement and development of models, reporting capabilities and templates that impact innovation and efficiency within the EB Underwriting and Analytics practice
Pull and analyze data from multiple sources to create impactful presentations with actional insights to support decision making. Makes use of 'what if' scenarios to test out ideas and anticipate the probable impact of alternative approaches or circumstances (e.g., plan design, funding,)
Qualification
Required
Independently leads financial strategy discussions and deliverables for complex clients who are typically level funded or self-funded with 100 to 500 enrolled EEs and or clients that generate over $100k in revenue and are fully-insured
Leverages advanced knowledge in underwriting, plan design, and cost drivers to create financial deliverables including financial and contractual analysis, claims utilization analysis and modeling, renewal projections and premium rate analysis and modeling
Participate in prospective client meetings, as a presenter, as well as conducting initial opportunity analysis
Lead RFP process from end to end, including strategy design to placement of coverage for complex middle and large market clients, including those who are level funded or self-funded
Lead renewal projections, pricing strategies, contribution modeling, self-funded feasibility studies, analysis of financial arrangements and renewal/marketing of self-funded programs (TPA, PBM, Stop Loss)
Analyze financial and utilization data to identify underlying cost drivers, trends and relationship of experience to renewal rating
Identify and recommend potential changes to mitigate trend, guide renewal strategy, and model plan design alternatives
Utilize advanced knowledge of medical underwriting and carrier renewal methodologies to identify and leverage opportunities for negotiating with carriers
Leverage deep carrier relationships to enhance WIAs position in the marketplace and support local offices with challenging issues
Contribute technical expertise to the improvement and development of models, reporting capabilities and templates that impact innovation and efficiency within the EB Underwriting and Analytics practice
Pull and analyze data from multiple sources to create impactful presentations with actional insights to support decision making
Makes use of 'what if' scenarios to test out ideas and anticipate the probable impact of alternative approaches or circumstances (e.g., plan design, funding)
World EB practice Analytics models, deliverables, services and systems, able to impactfully articulate value to prospects, clients and WIA colleagues
Plan design (e.g., VBD, RBP, PBM,) underwriting, funding concepts and external third-party products/solutions, beyond traditional insurance products
Knowledge of cost saving solutions
Carrier negotiations with clients with large and highly complex clients
Communication/presentation skills, with ability to present complex financial/data issues and abstract concepts with high level of clarity and impact, summarizing financial impact and making recommendations
Demonstrated ability to adapt style and method of communication to the needs of different audiences, including executive leadership
Project planning and management from pre-renewal to renewal across multiple clients and teams
Word, Excel and Power Point. Can analyze data using advance formulas, create charts and graphs, and use templates and design elements effectively
Excel specific Can use array formulas, nested functions, and can create dynamic charts
Can use data validation tools and can automate tasks using macros
Understand how to use what-if analysis tools like Goal Seek and Solver
Acts as a mentor, demonstrates leadership attributes, shares expertise
May plan, assign, monitor, and review progress and accuracy of work, evaluating results of and the work of others
May contribute to the selection, training, and evaluation of others
Reviews other team members work for quality review
Must hold state life and health insurance license
Preferred
Bachelor's degree preferred, but equivalent work experience would be considered
Benefits
Competitive benefits package
Variable pay programs
Company
World Insurance Associates LLC
World is a leading financial services organization that uses its vast resources and industry expertise to empower people to make informed decisions to improve their risk management and financial outcomes.
Founded in 2012
1001-5000 employees
H1B Sponsorship
World Insurance Associates LLC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2020 (1)
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
Goldman Sachs Asset Management
2023-08-21Private Equity
2023-08-21Debt Financing
2020-03-02Acquired
Leadership Team
Chris Badger
Principal, Gulf States Division Leader
John Cicchelli
Head of Employee Benefits: North America
Recent News
2026-01-20
Dallas Innovates
2026-01-07
Company data provided by crunchbase