Financial Benefits Analyst - Remote

Overview

This role involves supporting all aspects of financial analysis related to clients’ benefit programs. The Financial Benefits Analyst works closely with the financial support team to assist Account Managers and the Sales Team by delivering benefit and financial illustrations that help clients evaluate their benefit plans effectively.

Candidates must be eligible to work in the United States without the need for work visa or residency sponsorship.

Responsibilities

• Identify risks in existing benefit plans using data analytics, illustrate results, and provide actionable insights and potential solutions to mitigate risks.
• Extract data from primary and secondary sources, clean raw data by eliminating duplicates and errors to ensure high-quality data integrity.
• Interpret data and analyze results using statistical techniques.
• Create and maintain documentation of analytics processes for management.
• Design analysis tools and develop analytic models and processes to analyze data, map trends, and streamline processes using existing resources.
• Provide oversight and training for future data analysts.
• Collaborate with Account Managers to review client utilization reports and identify opportunities for plan design and product changes based on utilization patterns.
• Prepare accurate exhibits for quarterly and annual client meetings.
• Draft client reports using various carrier reporting methods.
• Produce monthly reporting deliverables for clients.
• Develop and maintain strong working relationships.
• Maintain accurate, current, organized, and complete information in internal databases.
• Assist the team and clients with special projects as needed.

Requirements

• Ability to analyze data and recognize analytical patterns.
• Strong verbal and written communication skills.
• Ability to manage multiple and changing client priorities and deadlines effectively.
• Excellent interpersonal skills.
• Ability to thrive in a fast-paced environment.

Qualifications

• 2-3 years of relevant experience.
• Bachelor’s degree required; preferred fields include Business, Finance, Math, Accounting, or related disciplines.
• Proficient in all Microsoft Office products.
• Advanced/expert-level proficiency in Microsoft Excel.
• Experience in the healthcare industry working for a group insurance carrier, broker, or consultant is preferred.
• Knowledge of group insurance products including medical, dental, CDHP, pharmacy, life, and disability is strongly preferred.
• Experience with database applications is a plus.

Compensation and Benefits

• Typical base pay range nationwide: $70,000 to $90,000 per year.
• Base pay depends on skills, education, qualifications, professional experience, and location.
• Some roles may be eligible for variable compensation, commission, and/or annual bonuses based on individual and company performance.
• Benefits include health, wellbeing, retirement, and other financial benefits, paid time off, overtime pay for non-exempt employees, and learning and development programs.
• Reimbursement of job-related expenses per company policy.
• Employee perks and discounts may be available.

Location

• United States (must be eligible to work without visa or residency sponsorship).