Employee Benefit Analyst III

General Description Responsible for analyzing information and creating financial deliverables for clients with standard to complex benefit programs, including fully insured and self‑funded clients. Responsibilities Financial analytics for fully insured and self‑funded clients (typical client size 100‑1,000 lives). Prepare standard analyses with occasional customization, including market review analysis; renewal rate and funding projections and modeling; analysis of claims utilization; rate and contribution analysis; benchmarking; financial funding analysis; IBNR and lag analyses. Develop alternative strategies, plan modeling, and cost‑reduction opportunities. Perform technical analysis of group insurance contracts and financial arrangements. Serve as primary contact with insurance carriers; negotiate and market coverage for new business quotes and renewals; prepare renewal or new plan options with executive summary. Develop and maintain carrier relationships. Review and validate carrier renewal rating illustration. Analyze experience and claims utilization data for financial and plan usage conclusions; identify trends and relationships to renewal rating; suggest action items. Write client‑facing executive summaries that provide observations, conclusions, recommendations, and next steps. Prepare carrier and client written correspondence, including renewal confirmation letters and client renewal letters. Occasionally conduct analysis using internal and third‑party tools (USI 3D, USI Clear Options Rx, actuarial tools). Participate in peer review process as a participant and reviewer. Occasionally participate in new analyst onboarding training. Keep current on industry and new product information, legislation, technology, and trends. Knowledge, Skills and Abilities At least 3 years of experience in employee benefits or related field. High school graduate; college degree preferred. Must hold or be willing to obtain a state Life & Disability insurance license. Ability to work in a fast‑paced, team environment with minimal instruction. Ability to manage and negotiate multiple priorities and deadlines. Strong written, verbal, and interpersonal communication skills. Working knowledge of Microsoft Office products, including Excel and Word. Ability to become proficient in internal analytic systems and carrier online reporting tools. Strong problem‑solving and critical‑thinking skills. Ability to carry out complex tasks with many concrete and abstract variables. Benefits USI is committed to providing a full suite of competitive benefits, including medical, wellness, dental, and vision care; 401(k); flexible spending accounts and health savings accounts; short‑ and long‑term disability; life insurance; and other employer‑sponsored and voluntary programs. USI also offers generous paid time off, paid family leave, and paid holidays. #J-18808-Ljbffr USI Insurance Services