World Insurance Associates · 14 hours ago
Employee Benefits Senior Underwriting & Financial Analyst - Middle & Large Group
Syosset, NY
Full-time
Hybrid
Mid Level
$90K/yr - $95K/yrWorld Insurance Associates is a growing financial services organization specializing in risk management and benefits programs. The Employee Benefits Senior Underwriting & Financial Analyst will lead financial strategy discussions, analyze financial data, and manage the RFP process for complex clients in the middle and large group market.
Customer ServiceFinanceFinancial ServicesInsurance
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
Must hold state life and health insurance license
Bachelor's degree preferred, but equivalent work experience would be considered
Advanced Knowledge, Skills, and Abilities in World EB practice Analytics models, deliverables, services and systems
Knowledge of plan design (e.g., VBD, RBP, PBM), underwriting, funding concepts and external third-party products/solutions, beyond traditional insurance products
Experience with carrier negotiations with clients with large and highly complex clients
Strong communication/presentation skills, with ability to present complex financial/data issues and abstract concepts with high level of clarity and impact
Demonstrated ability to adapt style and method of communication to the needs of different audiences, including executive leadership
Project planning and management experience from pre-renewal to renewal across multiple clients and teams
Proficiency in Word, Excel and Power Point, including advanced formulas, creating charts and graphs, and using templates and design elements effectively
Excel specific skills including using array formulas, nested functions, creating dynamic charts, using data validation tools, and automating tasks using macros
Understanding of how to use what-if analysis tools like Goal Seek and Solver
Ability to act as a mentor, demonstrate leadership attributes, and share expertise
Experience in planning, assigning, monitoring, and reviewing progress and accuracy of work, evaluating results of and the work of others
Experience in reviewing other team members' work for quality review
Benefits
Competitive benefits package
Variable pay programs
Company
World Insurance Associates
World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.
Founded in 1956
1001-5000 employees
H1B Sponsorship
World Insurance Associates 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 StageCompany data provided by crunchbase