Employee Benefits Specialist
4 weeks ago
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.
- 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.
- 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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