Sr. Analyst, Employee Benefits

IMA Financial Group
$90,000-$100,000 USD
paid time off, paid holidays, 401(k)
United States, Washington, Bellevue
Dec 17, 2024
What You Will Do Provide an in-depth summary and analysis of client's monthly experience and quarterly utilization for fully-insured and self-insured groups for all different platforms Produce both fully-insured and self-insured renewal projections for all assigned clients Order the DMW while providing an overview of the annual report and evaluating utilization patterns through drill downs Present suggestions of ways to help improve utilization and overall cost of the plan and create an accompanying executive summary Use the actuarial model within Zywave/DMW to develop plan modifications Extract benefit and rates for preparation of renewal from carrier contracts and illustrate within Excel proposals Request and evaluate renewals for fairness and accuracy Market group benefits when necessary Illustrate benefit modification and alternate contribution scenarios Perform stop-loss renewal analysis and negotiations Create COBRA rates and provide IBNR updates Perform network discount and PBM analyses Provide peer review support to client team members Develop and maintain carrier relationships and leverage those relationships to negotiate with carriers on behalf of clients Provide creative solutions for the client to help control costs while continuing to offer competitive options Attend client meetings and participate in presentations Serve as an internal resource for specific analytical work for fully insured groups Assist in training new employees and help to develop and maintain team processes Maintain client files in compliance with company standards Participate in interviews, as requested Keep pulse on marketplace to monitor trends and identify new products and solutions You Should Have Proven experience as an Analyst or similar role in the employee benefits brokerage industry for 5+ years required Attain and maintain applicable state Life and Health License in accordance with IMA standards Proficient in using Microsoft Office suite with advanced skill in using Excel spreadsheet calculations Maintain a high degree of professionalism in a carrier and client interactions Familiarity of Washington insurance markets and products preferred Ability to attend industry events and educational opportunities to keep knowledge fresh and up-to-date Ability to travel occasionally for client meetings Salary Range $90,000 — $100,000 USD Compensation & Benefits Being a part of IMA has its benefits. When you become part of the IMA family, you become eligible to take part in our valuable benefits and rewards package designed to benefit you, your family, and your life. Our plans are cost-effective, convenient and provide progressive ways for staying healthy, protecting loved ones, pursuing financial security and living a full and balanced life. This role is eligible for the following: Annual Performance Bonus, Stock Purchase, Medical Plans, Prescription Drugs, Dental, Vision, Family Assistance Program, FSA, HSA, Pre-Tax Parking Plan, 401(k), Life/AD&D, Accident, Critical Illness, Hospital Indemnity, Long Term Care, Short-term Disability, Long-term Disability, Business Travel Accident, Identity Theft, Paid Time Off, Flexible Work Options, Paid Holidays, Sabbatical, Gift Matching, Health Club Reimbursement, Personal and Professional Development. In addition to our robust benefits package, the final offer amounts will depend on a variety of factors, including the candidate's geographic location, prior relevant experience, and their knowledge, skills, and abilities. Why Join IMA? We've built a reputation for putting our associates first What if we told you that you could be an integral part of an entrepreneurial, expanding company, develop lasting relationships, earn competitive benefits, plus claim part ownership? It's this unique ownership business model that makes working at IMA so appealing. We work in teams. We sell in teams. We win and prosper as a team We provide support systems and resources that enable each of our associates to focus on what they do best. And as an independent company based in the Midwest, we're big enough to write business all over the world and small enough to implement your ideas quickly. We are recognized nationally as a leader in our industry 2020-2023Business Insurance Magazine Best Places to Work in Insurance 2023 Inc. Magazine's Best Workplaces 2023 Denver Business Journal's Best Places to Work 2022-2023 Connecticut TopWork Places 2021-2023 Inc. 5000's List of Fastest Growing Companies 2019-2022 Civic 50 Colorado Honoree Recognizing 50 Most Community-Minded Companies 2022-2023 Kansas City Business Journal's Best Places to Work 2021-2023 Charlotte Business Journal's Best Places to Work 2021-2023 Los Angeles Business Journal's Best Places to Work 2021-2023 The Salt Lake City Tribune TopWork Places 2021-2022 Puget Sound Business Journal's Washington's Best Workplaces 2021-2022 Wichita Business Journal's Best Places to Work, #1 in extra-largecategory 2021 Dallas Business Journal's Best Places to Work 2021 Alaska Journal of Commerce's Best Workplaces in Alaska This Job Description is not a complete statement of all duties and responsibilities comprising this position. The IMA Financial Group, Inc. provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, The IMA Financial Group, Inc. complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.