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Sr. Analyst, Employee Benefits

Office
Department
Type
Full-Time
Updated
Dec 20, 2024
Sr. Analyst, Employee Benefits
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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

  • 2020-2023 Business 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 Top Work 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 Top Work 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-large category 
  • 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 Â鶹´«Ã½, 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 Â鶹´«Ã½, Inc. complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.  

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Demographic Information

IMA collects certain employee self-identification information.  Some information is required for statistical purposes to comply with federal Equal Employment Opportunity reporting requirements.  This information allows us to understand the composition of our workforce, as we focus on ensuring an equitable and inclusive workplace for all.  It also provides data for our Diversity, Equity, and Inclusion strategy and programming.  While you are required to respond to each question, you may select "Decline to answer".  Your demographic information will not be shared nor affect your eligibility for employment or career advancement opportunities within the company. Thank you in advance for your interest in IMA.

Company Culture

Change makers. Employee owners.

We’re hiring do-ers, go-getters, and the owners of tomorrow at IMA as we build the brokerage of the future.

See what it feels like to be supported by IMA on your career journey.