Employee Benefits Underwriter at Acrisure

About Acrisure:A global fintech leader Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together we connect clients with customized solutions across a range of insurance reinsurance payroll benefits cybersecurity mortgage services and more.In the last twelve years Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19000 colleagues in more than 20 countries. Acrisure was built on entrepreneurial spirit. Prioritizing leadership accountability and collaboration we equip our teams to work at the highest levels possible.Job Summary:The Employee Benefits Underwriter analyzes information to create and assist with delivery of financial deliverables for current and prospective clients with complex benefit programs. Financial deliverables include financial and contractual analysis claims utilization analysis and modeling renewal projection and premium rate analysis and modeling.Essential Duties and Responsibilities:Evaluates the financial risk of medical & ancillary benefits for clients and prospective clientsProficiently communicates with internal/external customersUtilizes group experience and demographic analysis to drive future strategies such as plan changes stop loss levels funding changes & contributionsUtilizes analytical tools to develop alternative strategies plan modeling and cost reduction opportunitiesWorks with the Consulting Team Members to create Request for Proposals (RFPs) for carriers and manages the financial aspects of the renewalEvaluates and explains financial analyses to internal teamPresents an explanation of financial analyses/strategies to external clientsInterfaces directly with clients to provide expert underwriting review to explain financial analysis and renewal materialsPerforms technical analysis of group insurance contracts and financial arrangementsResponsible for understanding and to expertly explain external market influencers and internal experience trends driving benefit costs to clientsAnalyzes and prepares reporting package in accordance with client service calendar financial meetings (e.g. post-renewal mid-year pre-renewal renewal). Reporting package may include but are not limited to:Periodic claims utilization trend and lag analysesRate and Contribution analysisMarket analysisFinancial funding analysisRenewal rate and funding projections and modelingWorks with the Consulting Team members and insurance carriers on new business quotes and renewals to include related activities such as: requesting quotes evaluating option negotiation of rates and benefit features and preparing renewal or new plan options with executive summaryWorks closely with Consulting Team Members to ensure strategic objectives of client are clearly articulated and that all client deliverables deliver proactive solutions in line with client strategic objectivesActs as a resource for Consultants and Sales Executives to develop strategic plans and solutions for prospects and clients and prospects.Mentor and assist with training junior analysts/account managersSet priorities for analytical work to meet deadlinesParticipate in training programs to enhance benefit industry knowledgeEducation and Experience:Bachelors degree with major in related field or equivalent education and experienceA minimum of three (3) to five (5) years of directly related experience in the analysis of employee benefit programs and health insuranceMust hold state Health & Life insurance licenses or willing to obtain one within an agreed upon timeframeStrong benefit product knowledge required; including but not limited to Medical Dental Life Disability voluntary products etc.Strong functional knowledge of Excel specific to creating formatting and evaluating formulas and working within templates. Must be proficient in Excel Word and other MS Office products along with Adobe productsAbility to work in a fast-paced environment with minimal instruction and a high degree of accuracy and attention to detailBroad understanding of alternative funding mechanismsEffective interpersonal and written communication skillsOutstanding analytical problem solving and critical thinking skills requiredSets priorities and manages workflow to ensure efficient timely and accurate deliverablesAdvanced problem solving and critical thinking skills#LI-LS1Candidates should be comfortable with an on-site presence to support collaboration team leadership and cross-functional partnership.Why Join Us:At Acrisure were building more than a business were building a community where people can grow thrive and make an impact. Our benefits are designed to support every dimension of your life from your health and finances to your family and future.Making a lasting impact on the communities it serves Acrisure has pledged more than $22 million through its partnerships with Corewell Health Helen DeVos Childrens Hospital in Grand Rapids Michigan UPMC Childrens Hospital in Pittsburgh Pennsylvania and Blythedale Childrens Hospital in Valhalla New York.Employee BenefitsWe also offer our employees a comprehensive suite of benefits and perks including:Physical Wellness: Comprehensive medical insurance dental insurance and vision insurance; life and disability insurance; fertility benefits; wellness resources; and paid sick time.Mental Wellness: Generous paid time off and holidays; Employee Assistance Program (EAP); and a complimentary Calm app subscription.Financial Wellness: Immediate vesting in a 401(k) plan; Health Savings Account (HSA) and Flexible Spending Account (FSA) options; commuter benefits; and employee discount programs.Family Care: Paid maternity leave and paid paternity leave (including for adoptive parents); legal plan options; and pet insurance coverage. and so much more!This list is not exhaustive of all available benefits. Eligibility and waiting periods may apply to certain offerings. Benefits may vary based on subsidiary entity and geographic location.Acrisure is an Equal Opportunity Employer. We consider qualified applicants without regard to race color religion sex national origin disability or protected veteran status. Applicants may request reasonable accommodation by contacting .California Residents: Learn more about our privacy practices for applicants by visiting the Acrisure California Applicant Privacy Policy.Recruitment Fraud: Please visit here to learn more about our Recruitment Fraud Notice.Welcome your new opportunity awaits you. Key Skills Loan Processing,Computer Skills,Fraud,Math,Banking,Pricing,Analysis Skills,Fair Housing Regulations,Underwriting,Financial Analysis,negotiation,Phone Etiquette Employment Type : Full Time Experience: years Vacancy: 1