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Financial Analyst - Employee Benefits

Company: Alera Group
Location: Skokie
Posted on: June 25, 2022

Job Description:

GCG, an Alera Group Company is seeking a Financial Analyst to join their Employee Benefits team. Are you looking to be part of a company where you have exciting opportunities to learn, grow and make a positive impact? Join a team where each employee is empowered to listen generously, speak straight, collaborate, and build each other up through mutual accountability and shared success? If that is what you--------re looking for, this is your chance to be part of an amazing organization! Building and maintaining employee benefits platforms for our clients is one of the many things that set GCG apart. We were founded in 1975 and measure our success by the strength of our relationships. As an Alera Group company, collaboration is the foundation of how we do business. Our close-knit, family culture is why employees join GCG and stay for decades. We laugh, we have fun, we support our community and we are the driving force behind the company--------s 45+ years of success. Now, all we need is you! GCG Financial, LLC is seeking a top-performing healthcare industry leader to serve as a Financial Analyst in our Employee Benefits division. Under the direction of the management and the team lead, the Financial Analyst assists the Account Executive and Advisor in the analysis and presentation of Client financial information as it relates to the placement and retention of employee benefits for GCG clients. This mid-level position is client-facing and leverages communication skills, competencies and advanced knowledge of employee benefits insurance services including financial, actuarial, accounting, and plan design to best service GCG clients. Responsibilities Coordinate and manage all aspects of the financial analysis of employee benefits for GCG clients including but not limited to:

Lead the renewal/marketing process including the following:Identify plans up for renewal every month.Gathering vendor information and/or information from clients for marketing purposes.Under the guidance of the Account Executive, create RFP and send it out to carriers.Prepare proposal data in an Excel formatted spreadsheet for client presentation.Gather, review and analyze client reports from the insurance carrier, data analytics systems, and Milliman, including claims reports, enrollment reports, utilization data, Benefits CFO reports, and other documents produced by Milliman.Provide benchmarking and plan modeling using available tools and resources.Provide monthly reports in hard copy and/or electronic format to Advisors, Account Executives, and Clients per designated workflow and procedure.Prepare and present financial information at client meetings including the following:Renewal projections and premium calculations for self-funded clients.Budgeting and contribution strategies.Stop-Loss and Pharmacy analysisKey Metrics and clinical data and how it relates to financial performance.Update databases and shared folders with gathered information and reports. Assist in the new business sales process including assisting with the preparation of RFPs, proposals, and presentations.
Qualifications
Undergraduate college degree.Life and Health Insurance State License or obtain within 6 months of employment.Professional Certification preferred (GBA, PHR, CLU, CEBS, CBP).Minimum 2 years of insurance carrier, benefits administration, and/or insurance brokerage experience.Proficiency in MS Office Suite, specifically Excel.Intermediate to advanced knowledge of the following:
Funding of employer healthcare; fully insured, self-funding, level fundingActuarial methodology of cost projections, IBNR, plan to modelHealthcare plan structure; HMO, PPO, CDHPStop-loss insurance and pharmacy benefitsDental, vision, life, disability & wellbeing programsRegulatory environment of employee benefit plans Equal Opportunity Employment We--------re an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. If you--------re a California resident, please read the California Consumer Privacy Act prior to applying. #pandoIQPandoLogic. Keywords: Financial Analyst, Location: Skokie, IL - 60077

Keywords: Alera Group, Skokie , Financial Analyst - Employee Benefits, Accounting, Auditing , Skokie, Illinois

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