Employee Benefits Specialist

4 weeks ago


Adrian MI, United States Kapnick & Company, Inc. Full time
Job Summary

The Benefit Advisor position at Kapnick & Company, Inc. is a key role in creating a unique employee benefit strategy to address rising healthcare costs for existing customers. This position works closely with the Client Executive to develop a comprehensive plan that meets the objectives and procedures outlined by the manager and team leader.

Key Responsibilities
  • Strategize with internal teams on client budgetary goals, plans to propose, and markets to approach.
  • Ability to work on fully insured, experience-rated, and self-funded groups.
  • Assist the Benefit Advisory Manager with department projects as needed.
  • Stay current with underwriting guidelines and product information from primary carriers.
  • Negotiate with carriers on behalf of clients to ensure the best pricing available for renewals and new offerings.
  • Create RFPs based on internal strategy discussions; follow up on submissions and contact insurance carriers regarding quotation status.
  • Collaborate with Client Executives and Account Executives to perform financial analysis of employee benefit plans for current clients; identify potential areas for benefit-cost improvement.
  • Develop an understanding of carrier products, rates, and coverages to take on a consultive role for the Kapnick teams around these items.
  • Knowledge of carrier renewal development methodology and different funding types.
  • Responsible for the creation of financial analysis projects for clients both out of Lens and based on carrier reporting.
  • Utilize BNCHMRK, a benchmarking tool, to provide reporting to the service team when requested.
  • Provide historical plan information to Innovu during Kapnick Lens implementation (rates, contributions, monthly claim, and enrollment reporting, benefit summaries, stop loss/admin contracts).
  • Audit historical plan account structure set-up for new groups and renewal plan year account structure at each renewal in Lens.
  • Responsible for monthly claims reporting to Account Executive/Client Executive; includes plan performance observations as appropriate.
Requirements
  • Bachelor's Degree (4-year college or technical school) - Mathematics, Finance, Business, and Economics: Preferred.
  • 3+ years of experience in employee group benefits.
  • Advanced computer skills in Microsoft (Outlook, Excel, Word, and Power Point) familiarity with carrier underwriting tools (employee benefits), and agency management systems.
  • Innovative thinker.
  • Excellent communication skills.
  • Self-motivated.
  • Ability to meet deadlines.
  • Comfortable meeting new people and willing to run with a project.
What's in it for you?
  • A team-based approach to client management.
  • Flexibility.
  • Full benefits package.
  • 11 paid holidays including your birthday.
  • Competitive Salary.
  • Profit sharing (after a year of service).
  • Bonus potential.
  • A caring workplace culture that has something for everyone.


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