What are the responsibilities and job description for the Employee Benefits Analyst position at Brown & Brown Insurance?
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
Brown & Brown is Seeking an Employee Benefits Analyst to join our growing team in Dedham, MA.
The primary focus of the Benefits Analyst is to partner with the Employee Benefits team to provide its clients with the highest possible level of service regarding all aspects of their group insurance coverages during the renewal process as well as ongoing throughout the plan year. Assists Team Lead in evaluating financial and utilization metrics for clients including but not limited to monthly financial reports, utilization metrics and benchmarks as well as assist with other ad hoc deliverables and analysis
How You Will Contribute
- Ensures that all information required for the client’s renewal period is gathered in a timely and accurate manner for quoting purposes involving both renewal rates generated by the carrier and renewal rates using online systems.
- Prepares renewal materials including Word documents, PowerPoint presentations and Excel spreadsheets, ensuring accuracy by reviewing and proofreading all materials.
- Assists with meeting preparation by scheduling appropriate participants ensuring timely delivery of renewal information.
- Assists with renewal implementation including confirmation letters, applications, enrollment forms, waivers, and termination letters as well as drafting employee communications, open election forms and benefit summaries.
- Serves as first level of response to client issues ensuring client satisfaction and appropriate follow-up and keeps Account Team informed of all situations and resolutions.
- Ensures that all client files are kept current and complete.
- Develops and maintains solid knowledge of insurance coverages and carrier information by proactively attending carrier provided training sessions and reading carrier generated communications as well as attending internal meetings and information sessions.
- 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 basic financial/underwriting exhibits as requested including but not limited to financial projections, large claim analysis, specific stop loss analysis, demographics analysis, IBNR, etc.
- Assists Account Executives/Benefits Consultants in preparing requests for proposals and renewals of benefit coverages
Licenses and Certifications:
- Willingness to obtain Insurance Producer license in good standing (authorities in states needed to service the assigned book of business)
- Insurance Producer license in good standing (authorities in states needed to service the assigned book of business) (preferred)
Skills & Experience to Be Successful
- Bachelor’s Degree
- Proficient with MS Office Suite. Microsoft Excel – Strong to expert level skills
- Exceptional telephone demeanor
- Ability to maintain a high level of confidentiality
- 1 years’ experience in a similar position and knowledge of employee benefits
- Basic knowledge of compliance and regulations in the benefits arena. (preferred)
- Strong technical knowledge of the industry of expertise currently being targeted. (preferred)
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Teammate Benefits & Total Well-Being
We go beyond standard benefits, focusing on the total well-being of our teammates, including:
- Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
- Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
- Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
- Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.
Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.
The Power To Be Yourself
As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.
