Senior Financial Analyst, Employee Benefits

Senior Financial Analyst, Employee Benefits 

The Senior Financial Analyst is a cornerstone of our Employee Benefits consulting team — transforming complex data into clear, compelling stories that drive strategic decisions for our clients. This is not a role for someone who just runs the numbers. We are looking for someone who loves analytical work and brings equal passion to communicating what the data means, serving as a key voice in client meetings and a mentor to the broader team. 

Job Responsibilities 

Claims & Experience Analysis 

Monitor plan performance across medical, pharmacy, dental, and vision lines by reviewing monthly claims reports, tracking utilization trends, and identifying key cost drivers. Summarize findings in clear financial reports and dashboards for internal teams and client-facing discussions. Ensure data accuracy across all reporting, resolving discrepancies as they arise. 

Financial Modeling & Forecasting 

Build and maintain sophisticated underwriting and financial models to project renewal costs, evaluate plan design alternatives, and develop multi-year cost forecasts. Support client budgeting decisions across fully insured, level-funded, and self-funded arrangements. Translate complex modeling outputs into clear, client-ready exhibits and financial presentations. 

Market Analysis & Carrier Quoting 

Prepare underwriting submissions and RFPs, evaluate carrier proposals and stop-loss quotes, and develop detailed side-by-side financial comparisons to support client decision-making. Conduct rigorous network discount analyses when evaluating alternative carriers, TPAs, and provider arrangements. Evaluate stop-loss quotes from multiple carriers, assess attachment point adequacy relative to a client's claims exposure and risk tolerance, and negotiate contract terms. Lead carrier negotiations on rates, assumptions, and contract terms.  

Plan Strategy & Risk Review 

Contribute data-driven perspectives in client strategy sessions, supporting plan design discussions, funding strategy recommendations, and long-term cost management planning. Evaluate the financial impact of plan design changes and model contribution strategies and employee cost-sharing scenarios. Present best-case, expected, and worst-case renewal scenarios to help clients understand trade-offs and align decisions with their risk tolerance. 

Client Consulting 

Lead the financial portions of client meetings and presentations, translating complex analysis into clear, actionable recommendations for HR leaders and executives. Serve as a strategic financial partner to clients throughout the year — from post-renewal review through renewal execution — ensuring they understand their plan performance and can make confident, informed decisions. Support new business development by preparing financial exhibits, assessing plan performance, and analyzing utilization data as needed. 

Reporting Innovation & Cross-Team Collaboration 

Partner with LoVasco's internal Data & Engineering Team as they build software to automate the creation and delivery of monthly and quarterly claims dashboards. Validate automated outputs, surface data anomalies, and provide ongoing feedback as the platform evolves — ensuring the final product reflects the depth and accuracy clients expect. This initiative will free the financial team from a manual, carrier-portal-dependent reporting process and redirect that capacity toward higher-value advisory work, giving LoVasco a distinct competitive advantage in the market. 

Team Leadership & Mentorship 

Guide and develop Financial Analysts, providing peer review of financial exhibits and deliverables to ensure accuracy and consistency. Serve as a financial resource for Account Managers and Account Executives. Contribute to the continuous improvement of reporting tools, underwriting models, and internal processes, and participate in knowledge sharing, training, and intellectual capital development. 

About You 

People who thrive in this position: 

• Are genuinely passionate about employee benefits — you find this industry interesting and important. 
• Love working with numbers and data but get equally excited about telling the story the data reveals. 
• Communicate complex financial concepts clearly and confidently to non-financial audiences. 
• Take pride in the accuracy and quality of their work. 
• Are natural collaborators who enjoy working across a team. 
• Thrive in a fast-paced environment and manage multiple projects with competing deadlines. 
• Enjoy mentoring others and helping teammates grow. 
• Always look for ways to add value, improve processes, and raise the bar. 

Education, Training, and Experience 

• Bachelor's Degree in Mathematics, Actuarial Science, Finance, Economics, or a related field. 
• Seven to ten 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 from scratch and communicate results to a non-technical audience. 
• Deep knowledge of group insurance products: medical, dental, vision, life, and disability. 
• Strong command of benefits financial concepts, including stop-loss, self-funding, claims analysis, and plan design modeling. 
• Experience presenting to and advising HR and executive-level client stakeholders. 
• Strong project management skills with a track record of delivering accurate work on deadline. 
• Actuarial credentials (ASA, FSA) or pursuit thereof is a plus, but not required. 
• Working knowledge of compliance and regulatory requirements applicable to employer-sponsored health plans: PPACA, COBRA, HIPAA, ERISA, etc. 
• Exceptional skills in Microsoft Excel and the broader Microsoft Office suite. Experience with Asana, Box, Salesforce, and/or Craft is a plus. 

About LoVasco 

LoVasco is on a mission to inspire, engage, and empower one million people to build healthier and wealthier lives. Our core focus is to help organizations deliver world-class benefits and compensation to the employees they care about and steward individuals' 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 in the context of a deep relationship with a trusted advisor. 

We are an energetic, rapidly growing company that values our commitment to taking care of people. Located in downtown Detroit, LoVasco hires dedicated professionals who deliver the highest degree of expertise and service to our clients. 

Our Core Values 

• Innovation 
• Collaboration 
• Accountability 
• Respect 
• Ethics 

Career Path 

At LoVasco, we believe in investing in our employees and providing opportunities for job development and career expansion. Here are just a few other positions the Senior Financial Analyst could grow into: 

• Account Executive: Take your financial expertise and deepen your client consulting responsibilities. In this role, you manage and advise client accounts as the primary strategic relationship owner, working alongside the broader benefits consulting team. 
• Data Analyst / Data Engineer: If you have a passion for building the systems behind the analysis, our data team designs efficient reporting workflows that power the entire consulting practice. 

Benefits 

• Medical Insurance 
• Dental Insurance 
• Vision Insurance 
• Competitive compensation 
• 401(k) plan and company match 
• Employer paid life insurance, 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