What are the responsibilities and job description for the Employee Benefits Financial Analyst position at Wilshire Benefits Group Inc?
Description
Are you a proactive and analytical professional with healthcare experience ready to make a significant impact through your efforts? Wilshire Benefits Group is seeking a dedicated contributor who will play a crucial role in delivering top-tier services to our valued clients. As a Financial Analyst, you will collaborate with our integrated team to quote, analyze, select, and understand strategic employee benefit packages.
Your Responsibilities Will Include:
• Lead with Precision: Take ownership of the entire insurance underwriting / RFP process, from gathering data to conducting competitive carrier market analyses to negotiating with insurance carriers, advising producers, and communicating with clients
• Be the Data Expert: Execute market and financial analysis; analyze, track and interpret client benefit claim data; calculate / advise on employee/employer contributions; provide timely, accurate, and creative insights to help clients meet their budgetary requirements
• Shape the Future: Participate in client employee benefit renewal meetings, both in-person and virtually, to strategize and deliver optimal solutions; attend webinars and seminars to stay abreast healthcare reform updates and changes
• Stay Informed: Keep up to date on healthcare trend data, carrier promotions, and tracking & monitoring claims experience; Illustrate and understand the impact of current regulations on our client's benefits packages.
• Document Mastery: Actively track and document processes in our agency management system, ensuring accuracy and timeliness.
• Collaborate and Contribute: Participate in sales cycle including prospecting, service and retention; provide support on special projects and assist colleagues as needed.
What This Role Is: An employee benefits insurance role involving carrier quotes, plan design comparisons, renewal analysis, underwriting coordination, and benefits strategy support.
What This Role Is Not: A financial analyst, accountant, actuary, pension analyst, investment analyst, or corporate budgeting/forecasting position.
At Wilshire Benefits Group, we cherish partnerships, foster growth, and nurture creativity. We offer a competitive benefits package and an award-winning work environment where your contributions are valued, and your potential is nurtured. If you're ready to join a team that takes a unique approach to benefits and client service, apply now and be a part of our exciting journey!
Requirements
- Bachelor’s degree in Finance, Economics, Business or other related field and/or minimum two year’s experience in the industry is required.
- Analytical Prowess - Strong analytical and mathematical skills with keen attention to detail.
- Tech-Savvy - Proficient in Microsoft Word, Excel, PowerPoint, and Adobe; Understanding of CRM system / other agency datatbasse systems with a proven track record of diligent system population and documentation
- Industry Knowledge - Familiarity with insurance carriers, employee benefits, and underwriting procedures is essential.
- License in Group, Health and Life is preferred, but not required.
- Experience using Rate Ease and/or other carrier quoting systems preferred