Financial Analyst- People Solutions Job at Lockton, Inc.
Position responsibilities
- The Benefits Financial Analyst handles a diverse range of analytical responsibilities in support of Senior Analysts and client teams.
- This individual will prepare routine financial reports for self-funded clients; review financial reports with clients.
- Calculate loss projections, calculate and negotiate renewals, and set funding rates for self-funded clients.
- Prepare spreadsheets, graphs, charts, diagrams, and other illustrative tools for presentations and reports.
- Use financial modeler and other tools to predict financial impact of health reform on client plans.
- Underwrite renewals and prepare renewal and budget reports for assigned accounts.
- Assist client teams as required in evaluating stop loss Request for Proposal (RFP) responses; negotiate contract terms and pricing with selected vendors.
- Assist Senior Analysts and Client Leads with review of fully insured and self-funded quotes, and with renewal projections, both midyear and year-end, for self-funded groups.
- Analyze and interpret client data warehouse information; identify cost or case management opportunities, and present recommendations to clients.
- Assist Senior Analysts, Account Executives, and Account Managers with data collection, RFP development, and proposal evaluation for fully insured and self-funded groups.
- Attend position related seminars/classes as required.
- Perform other work-related duties as assigned
Position qualifications
- Bachelor’s degree in a business-related program or equivalent education and/or experience, with an emphasis in math, statistics, or finance required.
- Must have previous benefits insurance brokerage/consulting experience, and a minimum of two years’ industry experience.
- Must have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making.
- High skill in using computer application software for financial modeling, statistical analysis, and spreadsheet calculations required.
- Must have the ability to work independently under the supervision or guidance of others.
- Legally able to work in the United States
This position may be eligible for annual discretionary bonus consideration.
Lockton offers a competitive benefits package which includes medical, dental, vision, 401k plus match, life, salary continuation, long-term disability, wellness program, flexible spending accounts, legal benefit, identity theft protection, accident insurance, critical illness, hospital indemnity, pet insurance, and mental health benefits.
PLEASE NOTE- The salary range below is an estimate. The salary offered may vary depending on the candidate’s geographic location, job-related knowledge, experience, education, certifications, and skills.
Salary Range: $67,000 - $90,000
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