Wilshire Benefits Group · 2 months ago
Employee Benefits Financial Analyst
Troy, MI
Full-time
Onsite
Entry, Mid Level
2+ years expWilshire 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
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
Preferred
License in Group, Health and Life is preferred, but not required
Experience using Rate Ease and/or other carrier quoting systems preferred
Benefits
Competitive benefits package
Award-winning work environment
Company
Wilshire Benefits Group
Wilshire Benefits Group provides business solutions and comprehensive employee benefit solutions.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase