What are the responsibilities and job description for the Financial 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 has an exciting opportunity available for a Financial Analyst for our team in Minneapolis, MN!
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.
WHAT YOU’LL DO:
- 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 and existing clients.
- Assists Account 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 Account Manager 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.
- Performs routine service functions for the clients.
- Participate in market meetings, seminars and training programs as directed.
- Performs miscellaneous duties and projects as assigned. This may include involvement in presentations, client functions and meetings.
WHAT YOU’LL NEED:
- Minimum of college degree or equivalent. Financial/Mathematics or Business degree strongly preferred.
- 2 years of experience.
- 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: Word, Excel, PowerPoint, Email, and Corel.
- Strong organizational skills.
- Demonstrates a sense of urgency and a proactive approach to meeting service requirements.
WHAT WE OFFER:
- Excellent growth and advancement opportunities
- Competitive pay based on experience
- Paid Time Off (PTO)
- Generous benefits package: health, dental, vision, 401(k), etc.
- Employee Stock Purchase Plan
Pay Range
$25.00 - $35.00 Hourly
The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
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”.
Salary : $25 - $35
