Benefits Analyst, Corporate Benefits

Evansville, Indiana
Full time
Posted
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NFP Corp.
Insurance & superannuation
5,001-10,000 employees
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Who We Are:

NFP, an Aon Company, is a multi-year Best Places to Work award winner in Business Insurance who has also earned the 5-Star Diversity, Equity and Inclusion (DEI) award from Insurance Business magazine and 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.

Summary of Role:

This is a full-time position. The position requires day-to-day financial strategic analysis and reporting for a specific set of clients. The position includes developing financial and renewal strategies, distributing reports and deliverables, and summarizing findings. Will be responsible for data gathering and timely marketing of all cases assigned to analyst by process deadlines, accuracy of final cost analysis, review of recommendations with client managers by agreed upon deadlines, maintain carrier contacts in salesforce, and overall vendor relationships (including dissemination of product information). Additionally, the Analyst will serve as a mentor and trainer on the team.

Essential Core Duties and Responsibilities:

  • Complete monthly/quarterly experience reports
  • Distribute reports to clients while summarizing findings, new trends, cost drivers
  • Prepare additional financial analysis that may include IBNR valuations, employee contribution analysis, stop-loss sensitivity analysis, and any ad-hoc analysis
  • Assist clients of all sizes in determining the most cost effective funding strategy
  • Attend client meetings and perform follow up with clients/team members on action plan items to ensure timeliness and accuracy
  • Stay up-to-date with the latest developments, trends and regulations in the employee benefits market place
  • Build and maintain solid relationships with clients, carrier sales representatives and account managers
  • Calendar maintenance of marketing and analysis process
  • Vendor relationships
  • Data gathering from clients and carriers needed for RFP completion
  • Scrubbing census and eligibility data where necessary
  • Negotiation with vendors and final feedback to incumbents
  • Ensure spreadsheets are reviewed for accuracy against current and requested contracts
  • Contract comparison analysis where applicable
  • Conduct Benchmarking analysis
  • Familiarity with core carrier contracts, polices and differentiators
  • Communication to Employee Benefits team on relevant product deliverables
  • Vendor accountability for quote accuracy
  • Intermediate excel skills a requirement
  • Maintain server with quotes/final quoted terms from vendors
  • Maintain salesforce with accurate vendor contacts
  • Assist and organize the onboarding process for all new business cases and new business lines on designated accounts
  • Limited experience in self- funding medical plans necessary
  • Effective negotiation skills with vendors
  • Attendance at weekly Employee Benefits meetings, planning sessions and NFP-Sponsored events

Desired Skills:

  • Ability to correspond on all financial issues in a clear, concise and persuasive manner
  • Ability to effectively establish rapport, present information and respond to questions from managers, clients and coworkers
  • Strong Analytical Skills
  • Ability to prioritize
  • Excellent organizational skills
  • Strong knowledge of the group insurance marketplace including alternative funding methods, industry trends and Healthcare Reform
  • Working knowledge of carriers and products
  • Strong knowledge of Microsoft Excel
  • Less than 10% travel required
  • Exceptional written, oral, interpersonal communication skills
  • Advanced MS Office skills, to include excel, word, power point
  • Extremely high ability to learn software/technology quickly
  • Ability to work both independently and within a team environment
  • Proficiency in processing large amounts of information on an ongoing basis
  • Exceptional attention to detail and time management skills
  • Strong aptitude for organization and prioritization
  • Desire to work in a fast-paced environment with flexibility in duties and responsibilities

Desired Qualifications:

  • Minimum 5 years of experience in Employee Benefits related Industry
  • College graduate preferred
  • Power BI experience a plus.

Licensing/Certifications:

  • Active Life and Health License

What We Offer:

NFP is proud to offer a competitive salary, PTO and paid holidays, 401(k) with match, exclusive discount programs, health and wellness programs, and more. Our people-first culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others.

NFP and You... Better Together!

NFP is an inclusive Equal Employment Opportunity employer.