Employee Benefits Financial Analyst

Overview

This role supports employee benefits clients and internal stakeholders through financial analysis, reporting, and data-driven insights.

The employer is seeking an Employee Benefits Financial Analyst to join the Underwriting & Analytics team. The position focuses on preparing financial deliverables, analyzing claims and cost drivers, and supporting renewal and strategic decision-making processes. While underwriting responsibilities are not included, the role is designed as a development path toward future underwriting capabilities through hands-on exposure, training, and mentorship.

Responsibilities

• Manage and prioritize analytical workflow to ensure accurate, timely deliverables.
• Prepare and maintain financial dashboards for a book of business (clients typically 100–5,000 employees), supporting funding arrangements such as fully insured, level funded, and self-funded.
• Support core financial analyses, including:
  • Market review analysis
  • Claims utilization review
  • Contribution modeling
  • Benchmarking studies
• Assist in developing financial models and alternative plan scenarios using established tools and templates.
• Compile and organize data for underwriting and renewal processes.
• Support preparation of client deliverables, including reports, exhibits, and presentations.
• Partner with underwriting team members to understand financial assumptions, methodologies, and outcomes.
• Collaborate with internal teams (e.g., service, population health, and account management) to support client strategy.
• Maintain data integrity across systems such as BenefitPoint, Excel models, and reporting tools.
• Participate in peer review processes to ensure quality and accuracy.
• Assist with prospect analyses and ad hoc financial requests.
• Continuously develop knowledge of underwriting concepts, funding arrangements, and industry trends.

Requirements

• 1–3+ years of experience in employee benefits, insurance, finance, or a related field.
• College degree or CEBS designation preferred.
• Life & Health insurance license preferred, not required.
• Ability to work in a fast-paced environment with some oversight and a high degree of accuracy and attention to detail.
• Strong proficiency in Microsoft Excel (formulas, modeling, formatting), and strong skills in Word and other MS Office tools such as PowerBI.
• Strong analytical, problem-solving, and critical thinking abilities, with the ability to work with complex data and variables.
• Excellent written, oral, and interpersonal communication skills.
• Team-oriented and client-focused; able to build effective working relationships with colleagues, carriers, and clients.
• Commitment to staying current on industry trends, regulations, and emerging products.

Compensation & Benefits

• Remote position.
• Base salary range (at time of posting): $75,000 to $80,000.
• Individual compensation varies based on job-related factors, including business needs, experience, level of responsibility, and qualifications.
• Competitive benefits package and variable pay programs.

Location

Remote position.

Physical Demands

• Office work involves working at a desk most of the time, using a stand-up/sit-down adjustable desk.
• Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects.
• Typing, grasping, and repetitive motion typically required every day.
• Walking and standing required occasionally.

Equal Employment Opportunity

The employer is an equal opportunity workplace and is committed to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. Reasonable accommodations will be provided to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless doing so would impose an undue hardship on business operations.