USI is looking to add a Benefit Analyst III to our NY team! This opportunity is primarily remote with 1 day per month onsite in our NYC location.

General Description: Responsible for analyzing information and creating financial deliverables for clients with standard to complex benefit programs. Includes fully insured and self-funded clients.
Responsibilities:• Responsible for financial analytics for clients that are fully insured and self-funded. Typical client size is 100 to 1,000 lives.• Prepare standard analyses with occasional 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        • IBNR and lag analyses• 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. Negotiate and market coverage for new business quotes and renewals. Includes requesting quotes, evaluating options, negotiating rates and benefit features, and preparing renewal/new plan options with executive summary.• Develop and maintain excellent carrier relationships.• Review and validate carrier renewal rating illustration.  • Analyze experience and claims utilization data for financial and plan usage conclusions. Includes identifying trends and relationship of experience to renewal rating. With guidance suggest action items. • Write client facing Executive Summaries that provide observations, conclusions, recommendations, and next steps. With guidance articulate USI strategic objectives.• Prepare carrier and client written correspondence. Includes carrier renewal confirmation letters and client renewal letters.• Occasionally conduct analysis using USI internal and third-party external tools. Includes USI 3D, USI Clear Options Rx, and actuarial tools.• Participate in peer review process as a participant and a reviewer. • Occasionally participate in new Analyst onboarding training.• Keep current on industry and new product information, legislation, technology, and trends. 
Knowledge, Skills and Abilities:• 3 years + of experience in employee benefits or related field.  • College degree required.• 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.• Working knowledge of Microsoft Office products, including Excel and Word.  Experience with VLookups and Pivot Tables in Excel, a must.• Ability to become proficient in internal analytic systems and carrier online reporting tools. • Strong problem solving and critical thinking skills.• Ability to carry out complex tasks with many concrete and abstract variables.  


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