Financial Analyst, Employee Benefits

Financial Analyst, Employee Benefits

If you love digging into data and are just as energized by explaining what it means, this might be
the role for you. As a Financial Analyst on our Employee Benefits consulting team, you'll be the
person who turns claims reports, renewal models, and carrier proposals into clear, actionable
guidance for your teammates and for clients.

Job Responsibilities

Claims & Experience Analysis
You'll keep a close eye on how our clients' plans are performing - monitoring monthly claims
across medical, pharmacy, dental, and vision, tracking utilization trends, and flagging cost
drivers before they become surprises. You'll turn that data into clear reports and dashboards for
both internal teams and clients.

Financial Modeling & Forecasting
You'll build and maintain underwriting and financial models to project renewal costs, explore
plan design alternatives, and support multi-year cost planning. The goal isn't just accurate
outputs; it's making sure those outputs are presented in a way that actually helps clients make
decisions.

Market Analysis & Carrier Quoting
You'll prepare RFPs and underwriting submissions, analyze carrier and stop-loss proposals, and
build the side-by-side comparisons that guide client choices.

Plan Strategy & Risk Review
You'll contribute data-driven thinking to client strategy conversations by modeling plan design
changes, contribution strategies, and employee cost-sharing scenarios. You'll help prepare
renewal scenarios that walk clients through the range of outcomes so they can make confident,
informed decisions.

Reporting Innovation & Cross-Team Collaboration
You'll be part of something exciting: partnering with our internal Data & Engineering Team as
they build software to automate our monthly and quarterly claims reporting. You'll validate
outputs, flag anomalies, and provide the real-world feedback that shapes the final product.

Team Collaboration & Development

You'll work closely with Financial Consultants and Account Managers, contributing to the
accuracy and quality of client deliverables. You'll participate in team knowledge sharing, look for
ways to improve processes, and grow into an even more valuable contributor over time.

About You

People who thrive in this position:
• Are genuinely interested in employee benefits - you find this industry meaningful and
want to keep learning.
• Love working with data and get just as excited about communicating what it means.
• Can translate complex financial concepts into language that resonates with non-
financial audiences.
• Hold your own work to a high standard; accuracy matters to you.
• Enjoy collaborating and are a reliable, engaged teammate.
• Thrive with multiple projects in motion and know how to prioritize.
• Are curious, growth-oriented, and always looking for ways to add value.

Education, Training, and Experience
• Bachelor's Degree in Mathematics, Actuarial Science, Finance, Economics, or a related
field.
• Four to six years of experience in employee benefits financial analysis, consulting, or a
closely related role.
• Prior experience at an employee benefits brokerage or consulting firm is required.
• Demonstrated ability to build financial models and communicate results to non-technical
audiences.
• Solid knowledge of group insurance products: medical, dental, vision, life, and disability.
• Working knowledge of benefits financial concepts: stop-loss, self-funding, claims
analysis, and plan design modeling.
• Strong project management skills and a track record of delivering accurate work on
deadline.
• Familiarity with compliance requirements for employer-sponsored health plans: PPACA,
COBRA, HIPAA, ERISA, etc.
• Exceptional Excel skills and comfort with the broader Microsoft Office suite. Asana, Box,
Salesforce, and/or Craft experience is a bonus.

About LoVasco
LoVasco is on a mission to inspire, engage, and empower one million people to build healthier
and wealthier lives. We help organizations deliver world-class benefits and compensation to the
employees they care about - and we help individuals build financial well-being in and out of the
workplace.

We serve two core audiences:
• HR and C-suite professionals of middle market companies looking to elevate their total
rewards strategy (health benefits, retirement plans, compensation, and well-being).
• Individuals looking for concierge-level financial planning and wealth management
through a deep, trusted advisor relationship.

We're an energetic, rapidly growing firm based in downtown Detroit. We hire dedicated
professionals who deliver the highest degree of expertise and care to our clients - and we
invest in the people who make that possible.

Our Core Values
• Innovation
• Collaboration
• Accountability
• Respect
• Ethics

Career Path
We believe in growing our people. Here are a few paths Financial Analysts have taken at
LoVasco:
Financial Consultant: Step into a senior financial role with greater ownership of modeling,
carrier negotiations, and client strategy. Lead the financial conversation in client engagements.
Account Executive: Deepen your client relationships and take on account ownership as the
primary strategic advisor, working alongside the full benefits consulting team.
Data Analyst / Data Engineer: If you're drawn to building the systems behind the analysis, our
data team designs the reporting workflows that power our entire practice.

Benefits
• Medical, Dental & Vision Insurance
• Competitive compensation
• 401(k) plan with company match
• Employer-paid life, short-term, and long-term disability insurance
• Flexible spending account
• Generous paid time off
• Paid parental leave
• Summer Friday hours
• Professional development assistance
• Volunteer days with local charity
• Team building events and outings
• Remote and flexible work environment