What are the responsibilities and job description for the Sr. Financial Analyst position at LHD Benefit Advisors?
Job Type
Full-time
Description
The Senior Financial Analyst plays a key role in providing expert guidance and support to employer clients, helping them manage and optimize their medical, dental, vision, life, and disability plans. Leveraging specialized knowledge, skills, and experience, this position offers tailored financial analysis based on the unique needs of each client. The depth of support varies, ensuring the right solutions are delivered for clients of all sizes, complexities, and revenue levels. This role is your opportunity to make a meaningful impact by driving smarter benefits decisions for our clients.
Essential Responsibilities and Duties :
Analyze claims and utilization data for clients
Perform benchmarking and analysis
Project financial impact on various plan designs
Coordinate the stop loss administration
Work with clients to initiate, manage and analyze RFP responses
Work with insurance vendors and underwriters to obtain quotes, negotiate benefits programs and rates and determine appropriate
carriers for clients
Recommend best benefit plans for clients based on plan analysis and vendor negotiation
Perform a variety of relationship management activities to maintain close contact with clients and deepen relationships
Develop and manipulate client reports
Continue to look for ways to create new value by implementing best practices and improving work flows and business processes
Develop and continually improve product knowledge, plan design strategies, compliance knowledge, managing a book of business,
customer service strategies and trends in the market and industry
Continual education to obtain job relayed designations
Perform other duties and responsibilities as assigned
Competencies
Communicates effectively
Financial acumen
Time management
Detail oriented
Collaboration skills
Plans and aligns
Optimizes work processes
Customer Focus
Behaviors
Trustworthy, high integrity
Ownership, dependability and accountability
Self-directed, a proven problem solver and results oriented
Internally driven and self-motivated
Task and detail oriented with superb project management and accuracy skills
Requirements
Minimum Requirements / Qualifications :
Bachelor's degree in business, finance or marketing required, financial analysis background strongly preferred
Minimum 7 years of prior related experience in the employee benefits industry or equivalent
Indiana Life and Health Insurance License or ability to obtain within a one year
Advanced knowledge of industry products preferred
Significant knowledge of federal, state and local benefits compliance laws including HIPAA
Ability to proactively initiate and follow-through with multiple projects, with frequently changing priorities in a fast-pace entrepreneurial work environment
Ability to professionally and positively interact with clients at meeting to solve service or claim issues, to handle account administration, manage the RFP process and upselling or cross-selling additional services
Exceptional skills in MS Excel, with proficiency in building and spreadsheets and utilizing formulas
Ability to effectively use MS Word, Outlook and PowerPoint to produce effective presentations, correspondence and electronic communication
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