Financial Analyst

1 day ago


Deerfield Illinois, United States Alera Group Full time

About the Role:

Alera Group is seeking a highly skilled Financial Analyst - Underwriter to join their employee benefits team in a hybrid role. As a key member of the team, you will play a pivotal role in partnering with producers and the client service team on the analysis and presentation of client financial information related to the placement and retention of employee benefits.

Responsibilities:

  • Collect, review, and analyze client reports from insurance carriers, data analytics systems, and other relevant sources, including claims reports, enrollment reports, utilization data, etc.
  • Provide benchmarking and plan modeling using available tools and resources.
  • Prepare and present financial information at client meetings, which may include renewal projections, premium calculations for self-funded clients, and budgeting and contribution strategies.
  • Maintain and update team members and systems with gathered information and reports.
  • Assist in the new business sales process by helping prepare RFPs, proposals, and presentations.
  • Support the renewal and marketing process, including:
    • Identifying plans up for renewal on a monthly basis.
    • Gathering vendor information and client data for marketing purposes.
    • Collaborating with the Client Service team to create RFPs and send them to carriers.
    • Preparing proposal data for client presentations.

Qualifications:

  • Bachelor's degree.
  • Life and Health Insurance State License (required).
  • Professional Certification preferred (GBA, PHR, CLU, CEBS, CBP).
  • 3-5 years of experience in insurance carrier, benefits administration, and/or insurance brokerage roles.

Requirements:

  • Intermediate to advanced knowledge in:
    • Funding of employer healthcare (fully insured, self-funding, level funding).
    • Healthcare plan structures (HMO, PPO, CDHP).
    • Stop-loss insurance and pharmacy benefits.
    • Dental, vision, life, disability, and wellbeing programs.
    • Regulatory environment of employee benefit plans.
  • Strong written and verbal communication skills.
  • Intermediate understanding of statistical mathematics.
  • Ability to set priorities, work independently, and achieve objectives with minimal supervision.
  • Sound judgment and a willingness to take responsibility for results.
  • High attention to detail and a track record of producing accurate work.
  • Proficiency in computer skills, particularly MS Excel, including an understanding of formulas, functions, pivot tables, and charts.
  • A passion for working collaboratively within a team-oriented environment.
  • Exceptional relationship management and customer service skills.
  • A commitment to upholding the highest standards of client data confidentiality.

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