Employee Benefits Analyst III - Tampa, FL

General Description Responsible for analyzing information and creating financial deliverables for clients with standard to complex benefit programs. Includes fully insured and self-funded clients. Responsibilities Responsible for financial analytics for clients that are fully insured and self-funded. Typical client size is 100 to 1,000 lives. Prepare standard analyses with occasional customization. Analyses may include: 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 including requesting quotes, evaluating options, negotiating rates and benefit features, and preparing renewal/new plan options with executive summary. Develop and maintain excellent carrier relationships. Review and validate carrier renewal rating illustration. Analyze experience and claims utilization data for financial and plan usage conclusions. Includes identifying trends and relationship of experience to renewal rating. With guidance suggest action items. Write client facing Executive Summaries that provide observations, conclusions, recommendations, and next steps. With guidance articulate USI strategic objectives. Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters. Occasionally conduct analysis using USI internal and third-party external tools. Includes USI 3D, USI Clear Options Rx, and actuarial tools. Participate in peer review process as a participant and a reviewer. Occasionally participate in new Analyst onboarding training. Keep current on industry and new product information, legislation, technology, and trends. Knowledge, Skills and Abilities 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. Committed to a Diverse and Inclusive Workplace Our award-winning I’m With U diversity and inclusion program educates our associates to help them better understand and serve our clients, prospects, fellow team members, and local communities through curated education and training resources, employee support programs, and community outreach initiatives to build a more diverse, equitable, and inclusive culture. Benefits USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time. #J-18808-Ljbffr USI Insurance Services