Who We Are:
NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance who has also earned the WORK180 employer endorsement. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.
The Consultant interacts with clients on a day-to-day basis while developing and maintaining relationships with both client and carrier representatives. This individual will research, analyze, and evaluate medical, life, disability and other benefit plans and act as a trusted benefit advisor to clients. This role requires the employee to take on the role of lead consultant and primary point of contact for clients. The Consultant is a seasoned advisor and may work on large, complex accounts with some degree of supervision and approval from their Supervisor. At this level, the Consultant may have direct supervision of team members.
Essential Duties and Responsibilities:
- Designing, implementing and managing all aspects of an employer sponsored benefits program. Developing and executing client strategic plan and defined deliverables
- Exploring strategic alternatives and providing strategic guidance while quantifying the financial implication and associated risk of options presented for consideration
- Negotiating terms, conditions, coverage limits and pricing with carriers and vendors
- Developing and maintaining ongoing relationships with clients; acting as the subject matter expert on Health & Welfare Benefits and vendor/carrier products and services
- Maintaining and executing a project plan to ensure client deliverables are provided on a timely basis. Delegating work to more junior team members as appropriate.
- Understanding and articulating alternative funding strategies, analyzing viability on a client specific basis
- Demonstrating a genuine understanding of the mechanics of client financials and related projections
- Building and maintaining strong relationships with clients and carriers
- Keeping clients apprised of appropriate industry trends including all state and federal regulatory issues
- Explaining regulatory compliance and legislative guidelines including as related to COBRA, HIPAA, ERISA, Section 125, and Health Care Reform
- Interpreting plan rules to ensure compliance with Plan Documents and Summary Plan Descriptions (SPDs)
- Anticipating client needs and identifying strategies to address them