Benefit Advisor - Employee Benefits Platinum Group

Description

Founded in 1946, Kapnick Insurance is an independent insurance advisory firm with Michigan roots and a global reach. Our 180 colleagues provide expert guidance and creative problem solving pertaining to business insurance, risk solutions, employee benefits, worksite well-being, and personal insurance to a vast and diverse base of clients worldwide. For over 75 years, companies and individuals have looked to Kapnick as a trusted advisor, providing solutions that protect their operations and employees.

This Benefit Advisor position works with the Client Executive to create a unique employee benefit strategy to address rising healthcare costs for existing customers in accordance with the objectives and procedures outlined by the manager & team leader

The Benefit Advisor's essential functions include:

• Strategize with internal teams on client's budgetary goals, plans to propose, & markets to approach
• Ability to work on fully insured, experience-rated, and self-funded groups
• Assist the Benefit Advisory Manager with department projects as needed
• Stay current with underwriting guidelines and product information from primary carriers
• Attend departmental, agency, Service Team, and client meetings as required
• Negotiate with carriers on behalf of clients to ensure the best pricing available for renewals and new offerings
• Create RFP’s based on internal strategy discussions; follow up on submissions and contact insurance carriers regarding quotation status
• Collaborate with Client Executives and Account Executives to perform financial analysis of employee benefit plans for current clients; identify potential areas for benefit-cost improvement
• Develop an understanding of carrier products, rates, and coverages to take on a consultive role for the Kapnick teams around these items
• Knowledge of carrier renewal development methodology and different funding types
• Responsible for the creation of financial analysis projects for clients both out of Lens and based on carrier reporting
• Utilize BNCHMRK, a benchmarking tool, to provide reporting to the service team when requested
• Provide historical plan information to Innovu during Kapnick Lens implementation (rates, contributions, monthly claim, and enrollment reporting, benefit summaries, stop loss/admin contracts)
• Audit historical plan account structure set-up for new groups and renewal plan year account structure at each renewal in Lens
• Responsible for monthly claims reporting to Account Executive/Client Executive; includes plan performance observations as appropriate
• Perform your job in such a manner that other employees will consider it a pleasure and privilege to work with you
• Offer innovation and process improvements where possible to help with firm-wide improvements and efficiencies
• Regular and timely attendance is an essential function of the job
• Perform other duties as assigned

Requirements

To be considered for the Benefit Advisor position, you should have:

• Bachelor's Degree (4-year college or technical school) - Mathematics, Finance, Business, and Economics: Preferred
• 3 years of experience in employee group benefits
• Advanced computer skills in Microsoft (Outlook, Excel, Word, and Power Point) familiarity with carrier underwriting tools (employee benefits), and agency management systems
• Innovative thinker
• Excellent communication skills
• Self-motivated
• Ability to meet deadlines
• Comfortable meeting new people and willing to run with a project

What's in it for you?

• A team-based approach to client management
• Flexibility
• Full benefits package
• 11 paid holidays including your birthday!
• Competitive Salary
• Profit sharing (after a year of service)
• Bonus potential
• A caring workplace culture that has something for everyone