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Senior Benefits Analyst

2 months ago

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Senior Benefits Analyst Job Description

Brown & Brown Insurance is seeking a highly skilled Senior Benefits Analyst to join our team in Milwaukee, WI.

The ideal candidate will lead and oversee the financial consulting needs of our employee benefit clients, utilizing technical skills to retain clients and provide financial expertise.

Key Responsibilities:
  • Utilize technical skills to retain clients by providing financial expertise and evaluating financial and utilization metrics for clients.
  • Independently evaluate financial and utilization metrics for clients, including monthly financial reports, metrics, and benchmarks, and assist in negotiating renewal proposals and preparing and recommending plan changes and/or alternative funding recommendations.
  • Compliance, benchmarking, renewal, and marketing, reporting, and analytics for employee benefit clients.
  • Financial projections, large claim analysis, specific stop loss analysis, demographics analysis, IBNR, etc.
  • Develop reporting requirements and any deviations or customizations in those reports.
  • Assist Account Executives/Benefits Consultants in preparing requests for proposals, renewals of benefit coverages, contracts, summary plan descriptions, agreements, etc.
  • Participate in prospective client finalist presentations to represent the B&B financial strategy and role expectation as part of the team.
  • Maintain proficient/expert knowledge of compliance and regulations in the benefits arena.
  • Perform miscellaneous duties and projects, including involvement in presentations at client functions and meetings.
Requirements:
  • 5+ years employee benefits experience, with a thorough understanding and knowledge of employee benefits.
  • Bachelor's Degree preferred.
  • Obtain and maintain active Life/Accident and Health Insurance Agent License within 1 year of employment.
  • Demonstrates a sense of urgency and a proactive approach to meeting client financial requirements.
  • Proficient with MS Office Suite.
  • Ability to maintain a high level of confidentiality.
  • Excellent verbal and written communication skills.
  • Ability to work independently.
  • Detail oriented with excellent organizational skills.
  • Strong analytical and critical thinking ability.
  • This position may require routine or periodic travel, which may require the teammate to drive their own vehicle or a rental vehicle.
What We Offer:
  • Competitive pay based on experience.
  • Excellent growth and advancement opportunities.
  • Discretionary Time off (DTO).
  • Generous benefits package: health, dental, vision, 401(k), mental health resources, continuous education opportunities, etc.
  • Employee Stock Purchase Plan.