Financial Analyst II

Overview

This role supports the Financial Administrator with underwriting and rate-setting analysis for a health and employee benefits pool serving Texas counties. Responsibilities include assisting with financial reporting, renewal activities, and administrative services group renewals. The position involves financial analysis, renewal rate calculations, wellness incentive cost impact analysis, benefit plan performance reviews, and contributing to responses for Requests for Proposals (RFPs) and Requests for Quotes (RFQs). Some travel is required. Residency in Texas is mandatory.

Responsibilities

• Conduct underwriting functions such as rate modeling, risk assessment, claims evaluation, and renewal analysis.
• Assist in developing and maintaining dynamic dashboards and reports for performance tracking.
• Coordinate independently with actuaries and underwriters on strategy, cost projections, and budget impacts.
• Provide analytical insights including claim analyses, plan design evaluations, and market trend assessments.
• Develop and present complex financial materials to internal and external stakeholders.
• Compile and review data for RFP and RFQ responses.
• Monitor employee benefits markets and summarize trends.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree in finance, math, business administration, or related field required; emphasis in health insurance or related field preferred.
• Minimum of two years of experience in financial analysis and reporting in a professional setting.
• Preferred experience in health insurance underwriting, actuarial services, or self-insured group account management.
• Demonstrated ability to perform advanced analysis independently.
• No employment corrective action within the last 12 months (for internal applicants).
• Strong analytical and quantitative skills with ability to interpret complex data and provide actionable recommendations.
• High degree of professionalism in interactions with elected officials, public employees, and members.
• Strict adherence to confidentiality and compliance with state and federal privacy laws.
• Knowledge of employee benefits programs including underwriting, contract issuance, claims handling, and cost containment.
• Proficiency with personal computers and Microsoft Office (Word, PowerPoint).
• Advanced Excel skills including pivot tables, macros, and complex formulas strongly preferred.
• Knowledge of data analytics tools such as Power BI preferred.
• Ability to work independently with minimal supervision.
• Excellent time management and record keeping skills.
• Valid Texas driver’s license with a good driving record; ability to drive required.
• Residence in Texas required.

Supervisory Details

• No supervisory responsibilities.
• Works under supervision with periodic monitoring; determines own work sequence to meet objectives.

Working Conditions

• Location: Remote or onsite at office in Austin, Texas.
• Teleworking agreement available.
• Occasional travel required.
• Rarely required to work weekends, nights, or be on call.
• Frequent keyboarding and computer mouse use.
• Occasional filing duties.