Grow With Us! At Hilb Group, we recognize that our associates are our greatest asset. We promote a service-driven culture of high performance that encourages career and professional development. The Hilb Group is currently seeking a motivated and ambitious Sr. Benefit Analyst to join our team. This position will report to our agency located in Hunt Valley, MD. The ideal candidate will be motivated to succeed, is well organized, able to prioritize, and able to work well with a team. This is a remote position.
Responsibilities:
- Develop and review monthly and other periodic benefits claims reports, including analysis of claims and utilization costs and trends
- Develop benefits claims and cost projections for fully- and self-insured plans
- Develop loss ratio reports for fully insured plans
- Prepare benchmarking analyses and reports for clients and prospects
- Manage vendor rate and plan design negotiations to meet clients’ benefit plan and budget goals
- Propose recommended benefit plan design changes in support of clients’ benefits program goals
- Prepare financial portions of client and prospect presentations, including executive summary, analysis results, and recommendations
- Develop clients’ benefits budget and balance sheets, and maintain monthly or quarterly updates
- Develop premium equivalents for self-insured plans
- Manage vendor relationships, including preparing and analyzing vendor RFPs and RFIs
- Prepare Healthcare Reform/ACA and other financial or claims analyses impacting the client’s benefits budget
- Function as a benefit expert, reviewing and analyzing unique situations and recommending appropriate action to Consultants and Producers
- Manage development and maintenance of best practice templates
- Proactively identify issues within data or client analyses and develop innovative solutions
- Coordinate and complete peer reviews of all work to be presented to a client
- Assist with mentoring and training new hire Benefits Analysts
- Maintain data integrity of account and plan information in agency management system (Benefit Point)
Qualifications:
- Associate’s degree required; bachelor’s degree in actuarial, Risk Management, Mathematics, Statistics, or other related/ analytical degree or related discipline
- Minimum of 3 years’ experience preferred, with at least 2 years of experience in working with self-funded clients
- Working knowledge of Employee Benefit plans
- Demonstrated ability to analyze data and make appropriate recommendations
- Demonstrated ability to independently organize and perform work activities and to simultaneously handle multiple complex projects
- Demonstrated ability to communicate effectively, both verbally and in writing
- Demonstrated ability to prepare and deliver presentations
- Ability to plan work and lead and motivate others
- Strong computer skills, primarily with MS Excel, Access, PowerPoint and Word
- Knowledge of or experience with Power BI/Power Query is a plus
Benefits:
- Compensation: $65,000-$85,000/ yr.
- Company Paid Life Insurance, Long-Term and Short-Term Disability.
- Medical, Dental, Vision and FSA/HSA plans.
- 401(k) with company match.
- Additional voluntary benefits including Critical Illness, Accident Insurance, Hospital Indemnity and Supplemental Life Insurance, Legal and Identity Protection, and Pet benefits.
- Generous PTO.
- An awesome team of professionals!
The Hilb Group is an equal opportunity employer, and we actively support and comply with all applicable federal, state, and local laws prohibiting all forms of discrimination in employment. Additionally, we have a zero-tolerance policy for all forms of harassment in violation of federal, state, and local laws.
