Benefit Analyst

Job Type

Full-time

Description

Founded in 1946, Kapnick Insurance is an independent insurance advisory firm with Michigan roots and a global reach. Our 210+ colleagues provide expert guidance and creative problem solving pertaining to business insurance, risk solutions, employee benefits, worksite well-being, and personal insurance to a vast and diverse base of clients worldwide. For over 79 years, companies and individuals have looked to Kapnick as a trusted advisor, providing solutions that protect their operations and employees.

As a Benefit Analyst, you will partner closely with the Client Executive to develop innovative, data-driven employee benefit strategies that help clients manage rising healthcare costs. You'll play a critical role in supporting existing clients by delivering thoughtful analysis, strategic recommendations, and high-quality service aligned with departmental goals and best practices.

Key Responsibilities:

• Strategic Plan Development: Collaborate with internal teams to align client budget objectives, evaluate plan design options, and uncover optimal market opportunities to support compelling proposal development.
• Funding Model Expertise: Work with groups of 50+ lives across a variety of funding arrangements-including fully insured, self-funded, reference-based pricing (RBP), direct primary care (DPC), and level-funded models.
• Market & Underwriting Insight: Maintain up-to-date knowledge of underwriting guidelines, renewal methodologies, and carrier products, including rates and coverage structures, to deliver informed, consultative support to internal teams.
• Carrier Negotiations: Negotiate with carriers to secure competitive pricing and favorable terms for both renewals and new business.
• RFP Creation & Management: Develop RFPs based on internal strategy discussions; monitor submission progress and liaise with carriers regarding proposal status.
• Benchmarking & Analytics: Utilize benchmarking tools to produce comparative analyses that support data-driven decision-making and performance evaluation.
• Data Integrity & Reporting: Oversee the annual post-renewal data validation and integration process, ensuring accuracy and consistency across reporting platforms.
• Claims Reporting: Prepare and deliver monthly claims reports with relevant insights into plan performance.
• Reporting & Visualization: Generate standard and ad-hoc reports by leveraging internal and external reporting tools to extract, transform, and visualize data.
• Departmental Support: Assist the Manager of Financials & Analytics with departmental initiatives and special projects as needed.
• Collaboration & Communication: Participate in departmental, agency, service team, and client meetings as required.
• Culture & Continuous Improvement: Contribute positively to a collaborative workplace culture, and proactively identify opportunities for innovation and process improvement to enhance agency-wide efficiency.

• 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