Benefits Financial Analyst
- Employer
- Lockton Companies, LLC
- Location
- Denver, Colorado (US)
- Salary
- Salary Commensurate with Experience + Excellent Benefits Package
- Posted
- Aug 01, 2018
- Closes
- Sep 30, 2018
- Category
- Financial Services
- Job Type
- Not Specified
- Career Level
- Experienced (Non-Manager)
Position Description:
Handle a diverse range of analytical responsibilities in support of Senior Analysts and client teams
Job Responsibilities:
- Prepare routine financial reports for self-funded clients; review financial reports with clients
- Calculate loss projections, calculate and negotiate renewals, and set funding rates for self-funded clients
- Prepare spreadsheets, graphs, charts, diagrams, and other illustrative tools for presentations and reports
- Use financial modeler and other tools to predict financial impact of health reform on client plans
- Participate with other department associates in program presentations to clients and prospects
- Underwrite renewals and prepare renewal and budget reports for assigned accounts
- Expand health insurance underwriting knowledge and abilities with assistance from Senior Analysts
- Learn how to use and apply all internal underwriting and data analysis tools
- Assist client teams as required in evaluating stop loss Request for Proposal (RFP) responses; negotiate contract terms and pricing with selected vendors
- Assist Senior Analysts and Client Leads with review of fully insured and self-funded quotes, and with renewal projections, both midyear and year-end, for self-funded groups
- Analyze and interpret client data warehouse information; identify cost or case management opportunities, and present recommendations to clients
- Prepare custom reports and analysis for specific client needs
- Leverage internal systems knowledge and utilization within the department and among clients
- Assist Senior Analysts, Account Executives, and Account Managers with data collection, RFP development, and proposal evaluation for fully insured and self-funded groups
- Participate in the negotiation of insurance program terms and costs
- Keep informed of insurance industry developments and products available in the marketplace
- Provide client support in meetings when needed
- Perform special projects as necessary
- Make a positive contribution to customer satisfaction and constantly strive to improve service to the customer
- Communicate in a positive manner to contribute to a cohesive, pleasant work environment
- Protect the confidentiality of information learned by performing the duties of the position
- Comply with Lockton procedures and policies
- Attend company, department, and staff meetings as required
- Attend position related seminars/classes as required
- Responsible for regular and punctual attendance
Qualifications:
- Bachelor’s degree in a business-related program or equivalent education and/or experience, with an emphasis in math, statistics, or finance required
- Must have previous benefits insurance brokerage/consulting experience, and a minimum of two years’ industry experience
- Must have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making
- High skill in using computer application software for financial modeling, statistical analysis, and spreadsheet calculations required
- Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required. Must be results-oriented with the ability to change priorities as needed
- Must have above-average verbal, written, and interpersonal skills to interact with associates at all levels of responsibility, along with the ability to communicate with tact and diplomacy
- Willingness and ability to expand knowledge and effectiveness in the benefits industry by successful completion of benefits-related courses required
- Must have the ability to work independently under the supervision or guidance of others
- Legally able to work in the United States
Benefits:
A few reasons Associates love working at Lockton include:
- Opportunities for growth and advancement, including paid training and professional development
- 12-week paid parental leave
- A huge emphasis on community involvement
- Frequent athletic and wellness events
- Incredibly generous rewards; US Associates receive a Rolex for their 10-year anniversary!
About Us:
Lockton Companies, LLC is an equal opportunity employer. As a privately held company, we offer a competitive compensation and benefits package reflecting our commitment to attracting and retaining great individuals. This includes health and dental coverage, which begins on your first day of work, 401(k) with match and immediate vesting, a competitive vacation plan and unrivaled career advancement opportunities.
Lockton is known throughout the insurance industry as an entrepreneurial, progressive and successful insurance broker. As a result of continued individual and group accomplishments, Lockton has a record of steady and substantial growth. If you are a committed professional with a passion for delivering unparalleled service, Lockton is interested in hearing from you.