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Employee Benefits Analyst (Hybrid)

Employer
Alera Group
Location
Lower West Side, Illinois, United States
Closing date
Apr 25, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Alera Group Midwest is seek an Employee Benefits Analyst to join their employee benefits team in a hybrid role. Office locations are:

Deerfield, IL
Downers Grove, IL
Chicago, IL
Greenwood Village, CO

The Benefits Analyst plays a pivotal role in partnering with Producers and our Client Service team on the analysis and presentation of client financial information related to the placement and retention of employee benefits. This position is client-facing and requires competence and knowledge of employee benefit concepts and solutions, financial and accounting functions, and plan design to effectively serve our clients.

Lead the renewal and marketing process, including:
Identifying plans up for renewal on a monthly basis.
Gathering vendor information and client data for marketing purposes.
Collaborating with the Client Service team to create RFPs and send them to carriers.
Preparing proposal data for client presentations.

Collect, review, and analyze client reports from insurance carriers, data analytics systems, and other relevant sources, including claims reports, enrollment reports, utilization data, etc.
Provide benchmarking and plan modeling using available tools and resources.
Prepare and present financial information at client meetings, which may include renewal projections, premium calculations for self-funded clients, and budgeting and contribution strategies.
Maintain and update team members and systems with gathered information and reports.
Assist in the new business sales process by helping prepare RFPs, proposals, and presentations.

Bachelor's degree.
Life and Health Insurance State License (required).
Professional Certification preferred (GBA, PHR, CLU, CEBS, CBP).
3-5 years of experience in insurance carrier, benefits administration, and/or insurance brokerage roles.

Experience and Skills Required:

Intermediate to advanced knowledge in:
Funding of employer healthcare (fully insured, self-funding, level funding).
Healthcare plan structures (HMO, PPO, CDHP).
Stop-loss insurance and pharmacy benefits.
Dental, vision, life, disability, and wellbeing programs.
Regulatory environment of employee benefit plans.

Strong written and verbal communication skills.
Intermediate understanding of statistical mathematics.
Ability to set priorities, work independently, and achieve objectives with minimal supervision.
Sound judgment and a willingness to take responsibility for results.
High attention to detail and a track record of producing accurate work.
Proficiency in computer skills, particularly MS Excel, including an understanding of formulas, functions, pivot tables, and charts.
A passion for working collaboratively within a team-oriented environment.
Exceptional relationship management and customer service skills.
A commitment to upholding the highest standards of client data confidentiality.

Locations:

Deerfield, IL
Downers Grove, IL
Chicago, IL
Greenwood Village, CO

We offer comprehensive benefits to employees, including medical, dental, STD, LTD and life insurance, 401k, paid time off and much more.

We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

If you're a California resident, please read the California Consumer Privacy Act prior to applying.

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#LI-Hybrid

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