Employee Benefits Associate Analyst - Career Development Program
Location:
WA - Seattle
Apply nowStart Date: Monday, January 8th, 2024
The Employee Benefits Analyst Program provides in-depth training to prepare associates with technical expertise in financial analysis and benefit plan strategies. Throughout the twelve-month training program, associates join a mentorship business group, led by industry experts, to further develop skills while increasing role specific levels of responsibility.
The program also offers organized activities for participants to meet senior executives and network with team members across business lines. This includes opportunities to get involved through our USI Gives Back campaign, where each of the company’s more than 200 offices volunteer in local community service.
What You’ll Learn
You will be immersed in the fundamentals of employee benefit consulting including:
• The USI ONE Advantage® processes and best practices, a key differentiator between us and other brokerages.
Program Overview: The Employee Benefits Career Track Program provides over 950 hours of formalized training sessions and practical hands-on work experience.
• Months 1-3: 100% training
• Months 4-6: 50% training; 50% on-the-job experience
• Months 7-12: 20% training; 80% on-the-job experience
You will assist in all aspects of benefit plan financial analysis and reporting including:
• Create financial deliverables for a mixture of business segment clients.
• Utilize analytical tools, checklists, and templates to identify cost reduction opportunities.
• Request, evaluate, and illustrate insurance carrier renewals and new business proposals.
• Prepare market review analyses, funding projections, and claims utilization analyses.
• Perform technical review of insurance contracts and funding arrangements.
• Assist with the negotiation of premium rates and benefit features.
• Write client executive summaries noting observations and findings.
• Set priorities and manage workflow of a partial book of business. Ensure efficient, timely, and accurate creation of analytic deliverables and other responsibilities.
• Participate in the peer review process, primarily as the reviewed party. May also act as a reviewer. Receive assistance and guidance from team mentors.
• Keep current on industry and new product information, legislation, coverage, and technology.
• Active engagement and participation in trainings relative to the USI Career Track Program with emphasis on gaining knowledge necessary to perform Benefit Analyst role.
• Attend internal client strategy meetings.
Ideal Candidate Qualifications:
• Strong problem solving and critical thinking skills.
• knowledge of Microsoft Excel. Includes building financial tables and illustrations and working with data.
• Organizational, multi-tasking, and prioritizing skills.
• Exercise time management skills and meet deadlines.
• High attention to detail and accuracy.
• Ability to follow policies, procedures, and regulations.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to work effectively, as well as independently, in a team environment.
• Demonstrate a high level of responsibility, initiative, and accountability. Bachelor’s degree achieved between Spring ‘23 and Spring ‘24
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Why USI?
With over $2 billion in revenue and more than 9,000 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).
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 12 paid holidays.
This is a Paid Time Off/Paid Sick Leave eligible position. 18 days per year.
This is a bonus eligible position with a target incentive of 5%.
Salary Range: $65,000
Job ID:
27012