Employee Benefits Analyst II Job at USI Insurance Services, New York, NY

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  • USI Insurance Services
  • New York, NY

Job Description

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Senior Talent Acquisition Partner at USI Insurance Services

Requirements

Description and Requirements

General Description: Responsible for analyzing information and creating financial deliverables for clients with less complex benefit programs.

Responsibilities

  • Responsible for financial analytics for predominantly fully insured clients. Some clients may be self-funded. Typical client size is 100 to 250 lives.
  • Prepare standard analyses with minimal customization. Analyses may include:
  • Market review analysis
  • Renewal rate and funding projections and modeling
  • Analysis of claims utilization
  • Rate and Contribution analysis
  • Claims experience reports
  • Benchmarking
  • Financial funding analysis with guidance
  • 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 for marketing coverage for new business quotes and renewal. Includes requesting quotes, evaluating options, and conducting fact-based negotiation of rates and benefit features.
  • Develop and maintain excellent carrier relationships.
  • Analyze claims experience data. With guidance identify financial performance conclusions.
  • Write client facing Executive Summaries that provides observations and findings. With guidance, recommend solutions and next steps.
  • Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters.
  • Participate in the peer review process, primarily as the reviewed party. May also act as a reviewer, predominantly for Associate Analyst I and Analyst II work. Receive assistance and guidance from Benefit Analyst Team mentors.
  • With guidance, use analytic tools.
  • Keep current on industry information, technology, and trends.
  • Successfully maintain and service a full book of business.

Knowledge, Skills And Abilities

  • 1 year + 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.
  • Comfortable with internet-based programs and Microsoft Office products.
  • Ability to carry out complex tasks with many concrete and abstract variables.
  • Strong problem solving and critical thinking skills.

Why USI?

With more than $2.7 billion in revenue and over 10,000 associates across approximately 200 offices nationwide, USI is one of the largest insurance brokerage and consulting firms in the world. At USI, we have created one of the most dynamic personal and professional development cultures in the industry. We invest heavily in our associates, and we take pride in celebrating their growth and success through our one-of-a-kind employee reward and recognition programs.

Unrivaled Resources and Support

What truly distinguishes USI as a premier insurance brokerage and consulting firm is the USI ONE Advantage , a game-changing value proposition that delivers to clients a robust set of risk management and benefit solutions with bottom-line financial impact. USI ONE represents Omni, Network, Enterprisethe three key elements that set USI apart from the competition. Through USI ONE, we develop strategic, timely, and effective risk management and benefit programs in terms that are easy to understand, and we demonstrate how the solutions can have a positive economic impact.

Industry-Leading Programs, Rewards, and Recognition

In addition to competitive pay, incentives, and benefits, USI recognizes associates through our Summit Awards program, rewarding excellence in those who build our brand each day. USI offers employee programs that recognize outstanding achievement and help our associates lead healthy, productive lives. We turn care into action with our award-winning wellness program, college scholarships for associates' children, and financial help in times of need.

Deep Community Engagement

We are committed to giving back to our local communities and supporting a culture of environmental sustainability. From sharing our time, talent, and resources to support local non-profit organizations, animal shelters, and environmental beautification and restoration projects to partnering with eco-conscious vendors and taking steps to reduce our own environmental footprint were working together as ONE to build a better future.

Committed to a Diverse, Equitable, and Inclusive Workplace

Our award-winning Im With U diversity, equity, 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.

Nationally Recognized as a Top Insurance Employer

  • Recognized as one of Insurance Business Americas Top Insurance Employers for the seventh consecutive year (2018-2024).
  • Named to Business Insurances annual list of the Best Places to Work in Insurance five years in a row (2020-2024).
  • Named to Fortunes 2024 Best Workplaces in Financial Services & Insurance list.
  • Honored by Glassdoor as a Best-Led Company in the U.S. in 2024.
  • Recognized by Newsweek as one of Americas Greatest Workplaces for Diversity in 2024

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 .

The salary for this position ranges from $67,000 to $75,000 per year, depending on experience. The final offer will be determined based on the candidate's qualifications, relevant experience, and demonstrated skills. In addition to the base salary, this role is bonus eligible.

Seniority level
  • Seniority level
    Entry level
Employment type
  • Employment type
    Full-time
Job function
  • Job function
    Human Resources
  • Industries
    Insurance

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Job Tags

Full time, Temporary work, Work at office, Local area, Flexible hours,

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