Alterity Group · 2 weeks ago
Senior Consultant- Employee Benefits
New York, NY
Full-time
Onsite
Mid, Senior Level
$111K/yr - $150K/yr
6+ years expAlterity Group is a leading consulting firm that offers advisory services tailored to private equity firms, employer groups, and brokers. The Senior Consultant will interact with clients, developing relationships while advising on employee benefits, negotiating terms with carriers, and overseeing implementations of new business.
Information Technology
Responsibilities
Negotiates terms, conditions, coverage limits and pricing with carriers and wholesalers
Develop and maintain ongoing relationships with clients; Act as the subject matter expert on Health & Welfare Benefits and vendor/carrier products and services
Maintains a project plan to ensure client deliverables are provided on time. Delegates work to more junior team members to ensure completion
Uses online carrier tools to develop quotations, prepare, pre-renewal information and update client proposal tables. (small market only) Understand and articulate alternative funding strategies. (large market only)
Build and maintain strong relationships with carriers, companies and clients. Keep clients apprised of appropriate industry trends and events, including all state and federal regulatory issues
Maintain relationships with carrier representatives in order to better understand available products and services in the marketplace and recommend them to clients
Anticipate client needs and identify the strategies to solve them
Review request for proposals and insurance plan analyses, negotiate with carriers and recommend renewal actions. Oversee implementations of new business
Understand and articulate alternative funding strategies
Work with director to develop and execute client strategy plan and defined deliverables
Oversee open enrollment process for clients; Review employee presentations and communication materials
Conduct and present annual client compliance audits
Genuine understanding of client financial mechanics and projections
Keep clients apprised of appropriate industry trends and events, including all state and federal regulatory issues. Explain legislative guidelines including COBRA, HIPPA, ERISA, Section 125, and Health Care Reform to clients; Keep clients aware of updates on relevant guidelines
Interpret plan rules to ensure compliance with Plan Documents and Summary Plan Descriptions (SPDs)
Review the work of the Account Managers on the team and provide informal mentorship to them
Ensure all client data is entered into CRM System (Salesforce) in a timely manner
May have direct supervisory responsibility of junior team members
Qualification
Required
More than 6 years industry and product line experience
6 years of health and welfare consulting experience required
Life, Accident and Health Insurance License required
Knowledge of benefits administration, HealthCare Reform, industry trends, carrier products and services
Ability to work independently and anticipate client and team needs
Effective time management and decision-making skills
Diligent follow up skills
Ability to express ideas clearly in both written and oral communications
Strong Microsoft Excel and PowerPoint skills
Commanding presentation and public speaking abilities
Preferred
BA/BS preferred
GBA or CEBS Certification a plus
Benefits
PTO & paid holidays
401(k) with match
Exclusive discount programs
Health & wellness programs
Company
Alterity Group
Alterity is a leading independent consulting firm offering services designed to meet the unique needs of private equity firms and their portfolio companies, Human Resources Organizations (HROs), and brokers.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase