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Senior Financial Analyst

Company: Brown & Brown, INC.
Location: Irvine
Posted on: June 8, 2021

Job Description:

Job Summary

We are seeking a talented, experienced Benefits Financial Analyst to add to our stellar team. Hays is building a team of positive, self-starting, and supportive individuals and we are seeking to hire remarkable people to uphold those values and join our Hays family. If you're looking for a position with loads of opportunity, then look no further than Hays. We are growing quickly and are always looking for motivated individuals to join our team.

Assists Consulting Team in servicing the benefit consulting needs of the employee benefit clients. Utilizes technical expertise to retain clients by providing financial expertise. Role includes evaluating financial and utilization metrics for clients including but not limited to monthly financial reports, utilization metrics and benchmarks as well as assist negotiating renewal proposals and preparing and recommending plan changes and/or alternative funding recommendations.

  • Monitor monthly financials for client including entry of data into client exhibits.
  • Prepare and send monthly financial reports to clients with analysis of activity and large claim detail.
  • Prepare alternative financial/underwriting exhibits as requested including but not limited to financial projections, large claim analysis, specific stop loss analysis, claim trends, IBNR, etc.
  • Attend meetings with clients to deliver results and discuss customer financial implications of analyses.
  • Work with Consulting team to develop reporting requirements and any deviations or customizations in those reports.
  • Coordinates and executes the implementation of new client custom reporting packages.
  • Assists Service team in preparing requests for proposals and renewals of benefit coverages.
  • Assists Consultant with review of contracts, summary plan descriptions, agreements, etc., for accuracy.
  • Works with clients and markets to answer questions and resolve issues. Periodically will be expected to handle direct phone calls and inquiries from clients pertaining to financial deliverables.
  • Confers with Consultants to identify, plan, and develop methods and procedures to obtain greater efficiency and effectiveness of benefit programs.
  • Maintains knowledge of compliance and regulations in the benefits arena.
  • Participate in prospective client finalist presentations to represent the Hays financial strategy and role expectation as part of the team. This may include performing demographic analyses, claims reviews, and other projects on prospective clients to assist Sales team in pursuit of prospect.
  • Participate in market meetings, seminars and training programs as directed.
  • Prepare and conduct all marketing and renewals for both small and large groups and fully insured and self-funded accounts.
  • Negotiate renewals and ASO contracts.
  • Create monthly claims reports and IBNR's for all self-funded plans.
  • Performs miscellaneous duties and projects as assigned. This may include involvement in presentations, client functions and meetings.

Required Skills

  • Minimum of college degree or equivalent. Financial/Mathematics or Business degree strongly preferred.
  • 5+ years of experience in healthcare industry or similar financial role.
  • A general understanding and knowledge of the employee benefits area.
  • Good written and verbal communication skills.
  • Able to work independently and exercise judgment.
  • Develops and maintains a working knowledge of Hays systems and processes.
  • Strong computer skills utilizing the Microsoft Office products: Access, Excel, Word, PowerPoint, Email, and Corel.
  • Strong organizational skills.
  • Demonstrates a sense of urgency and a proactive approach to meeting client financial requirements.

Contact

Christine Brickzin

We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.

Keywords: Brown & Brown, INC., Irvine , Senior Financial Analyst, Other , Irvine, California

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