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Wilshire Benefits Group · 1 month ago

Employee Benefits Financial Analyst

Troy, MI

Full-time

Onsite

Entry, Mid Level

2+ years exp

Wilshire Benefits Group is seeking a dedicated Employee Benefits Financial Analyst who will play a crucial role in delivering top-tier services to clients. The role involves managing financial processes, conducting market analyses, and providing insights to optimize employee benefits packages.

ConsultingEmployee BenefitsHuman ResourcesInsurance

Responsibilities

Lead with Precision: Take ownership of the entire underwriting / RFP process, from gathering data to conducting competitive market analyses to negotiating with insurance carriers, advising producers, and communicating with clients

Be the Data Expert: Execute market and financial analysis; analyze, track and interpret client claim data; calculate / advise on employee/employer contributions; provide timely, accurate, and creative insights to help clients meet their budgetary requirements

Shape the Future: Participate in client renewal meetings, both in-person and virtually, to strategize and deliver optimal solutions; attend webinars and seminars to stay abreast healthcare reform updates and changes

Stay Informed: Keep up to date on trend data, carrier promotions, and tracking & monitoring claims experience; Illustrate and understand the impact of current regulations on our client's benefits packages

Document Mastery: Actively track and document processes in our agency management system, ensuring accuracy and timeliness

Collaborate and Contribute: Participate in sales cycle including prospecting, service and retention; provide support on special projects and assist colleagues as needed

Qualification

Financial analysisInsurance knowledgeAnalytical skillsMicrosoft ExcelCRM systemsRate Ease

Required

Bachelor's degree in Finance, Economics, Business or other related field and/or minimum two year's experience in the industry is required

Analytical Prowess - Strong analytical and mathematical skills with keen attention to detail

Tech-Savvy - Proficient in Microsoft Word, Excel, PowerPoint, and Adobe; Understanding of CRM system / other agency datatbasse systems with a proven track record of diligent system population and documentation

Industry Knowledge - Familiarity with insurance carriers, employee benefits, and underwriting procedures is essential