Employee Benefits Analyst III

Location:

TX - Houston

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Why USI?
With over $2 billion in revenue and more than 10,000 associates located in approximately 200 offices across the country, 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. We invite you to learn more about what makes USI an exceptional place to work!

Unrivaled Resources and Support
The USI ONE Advantage^® allows USI to deliver unique solutions to our clients. This value proposition provides unmatched growth and opportunity for our associates and, at its core, represents a significant investment in our people.

Unique Employee Programs and Deep Community Engagement
We turn care into action with our award-winning wellness program, college scholarships for associates' children, and financial help in times of need. Our annual community service initiative engages associates in hands-on regional service projects helping hundreds of thousands of people each year.

Industry-Leading Associate 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.

Committed to a Diverse and Inclusive Work Environment
USI values diversity and is committed to ensuring a fair, diverse, and inclusive work environment for all. Our diversity, equity and inclusion program, "I'm With U," advances these initiatives to champion our team members and the communities we serve.

Nationally Recognized as a Top Insurance Workplace

Recognized as one of Insurance Business America’s Top Insurance Employers for five consecutive years (2018-2022).
Named to Business Insurance’s annual list of the Best Places to Work in Insurance three years in a row (2020-2022).
Gold recipient, American Heart Association’s Workplace Health Achievement Index, three years in a row (2018-2021).

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.

• 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.

• Working knowledge of Microsoft Office products, including Excel and Word.

• 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.

#LI-DG1

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.

Job ID:

27101

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Notice to Recruiters and Agencies regarding unsolicited resumes or candidate submissions without prior express written approval.
Resumes submitted or candidates referred to USI Insurance Services by any external recruiter or recruitment agency by any means (including but not limited to via Internet, e-mail, fax, U.S. mail and/or verbal communications) without a properly executed written contract for a specified position by an authorized member of the Talent Acquisition team become the property of USI Insurance Services. The Company will not be responsible for, or owe any fees associated with, referrals of those candidates and/or for submission of any information, including resumes, associated with individuals.

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