USI Insurance Services · 16 hours ago
Employee Beneifts Analyst III
New York, NY
Full-time
Onsite
Mid Level
$75K/yr - $95K/yr
3+ years expUSI Insurance Services is one of the largest insurance brokerage and consulting firms in the world, dedicated to providing exceptional personal and professional development for its associates. The Employee Benefits Analyst III will be responsible for analyzing financial data and creating deliverables for clients with complex benefit programs, while also serving as the primary contact with insurance carriers.
Commercial InsuranceConsultingEmployee BenefitsFinancial ServicesHealth InsuranceInsuranceRisk Management
Responsibilities
Responsible for financial analytics for clients that are fully insured and self-funded. Typical client size is 100 to 1,000 lives
Prepare standard analyses with occasional customization. Analyses may include:
Market review analysis
Renewal rate and funding projections and modeling
Analysis of claims utilization
Rate and Contribution analysis
Claims experience reports
Benchmarking
Financial funding analysis
IBNR and lag analyses
Develop alternative strategies, plan modeling, and cost reduction opportunities
Perform technical analysis of group insurance contracts and financial arrangements
Serve as primary contact with insurance carriers. Negotiate and market coverage for new business quotes and renewals. Includes requesting quotes, evaluating options, negotiating rates and benefit features, and preparing renewal/new plan options with executive summary
Develop and maintain excellent carrier relationships
Review and validate carrier renewal rating illustration
Analyze experience and claims utilization data for financial and plan usage conclusions. Includes identifying trends and relationship of experience to renewal rating. With guidance suggest action items
Write client facing Executive Summaries that provide observations, conclusions, recommendations, and next steps. With guidance articulate USI strategic objectives
Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters
Occasionally conduct analysis using USI internal and third-party external tools. Includes USI 3D, USI Clear Options Rx, and actuarial tools
Participate in peer review process as a participant and a reviewer
Occasionally participate in new Analyst onboarding training
Keep current on industry and new product information, legislation, technology, and trends
Qualification
Required
3 years + of experience in employee benefits or related field
High School Graduate. College degree preferred
Must hold or be willing to obtain a state Life & Disability insurance license
Ability to work in a fast-paced, team environment with minimal instruction
Ability to manage and negotiate multiple priorities and deadlines
Strong written, verbal, and interpersonal communication skills
Working knowledge of Microsoft Office products, including Excel and Word
Ability to become proficient in internal analytic systems and carrier online reporting tools
Strong problem solving and critical thinking skills
Ability to carry out complex tasks with many concrete and abstract variables
Preferred
College degree preferred
Benefits
Medical
Wellness
Dental and vision
401(k)
Flexible spending and health savings accounts
Short and long-term disability
Life insurance
Other unique employer-sponsored and voluntary programs
Generous paid time off policy
Paid family leave benefit
Paid holiday time
Company
USI Insurance Services
USI Insurance Services is an insurance brokerage and consulting firm that delivers diversified insurance and financial services.
10001+ employees
Funding
Current Stage
Late StageTotal Funding
$1BKey Investors
Kohlberg Kravis Roberts
2023-09-11Private Equity· $1B
2017-03-17Secondary Market
2017-03-17Acquired
Leadership Team
Stew Gibson
Senior Vice President and Chief Information Officer
Dave Petno
Vice President, Employee Benefits Consultant
Recent News
USI Insurance Services
2025-10-25
2025-10-21
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