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Underwriting & Financial Analyst, Employee Benefits at World Insurance Associates.
World Insurance Associates.
Miami, FL
Finance
Posted 0 days ago
Job Description
SummaryFounded in 2011 World is one of the fastest-growing insurance brokers in the U.S. with over 2200 employees in over 210 offices across North America. We specialize in personal and commercial insurance lines surety and bonding employee benefits financial and retirement services and human capital management solutions.At World Insurance youll be part of a collaborative team dedicated to delivering best-in-class financial and analytical support to employee benefits clients. This role offers the opportunity to deepen your expertise in underwriting and analytics and grow within the practice while playing a key role in helping employers make smarter benefits decisions.Position OverviewWorld Insurance is seeking an experienced Employee Benefits Underwriting & Financial Analyst to join our Underwriting & Analytics this role you will analyze financial and contractual information for current and prospective clients ranging from fully insured to self-funded arrangements. Youll prepare financial deliverables model renewals evaluate utilization trends and support client decision-making with data-driven insights. Youll work closely within a team of underwriters & financial analysts while also collaborating with our service teams to deliver high-quality support to clients.Key ResponsibilitiesManage and prioritize analytical workflow to ensure accurate timely deliverables.Prepare and maintain financial dashboards for a book of business (clients typically 100500 employees). Client funding arrangements may range from fully insured level funded and self-funded.Conduct standard client analyses in alignment with the service calendar including:Market review analysisRenewal rate and funding initial projections/modelingClaims utilization reviewRate and contribution modelingBenchmarking studiesSelf-funded feasibility analysisTechnical review of group insurance contracts and financial arrangementsFollow established procedures to utilize systems such as BenefitPoint PerfectQuote and others.Collaborate with subject matter experts including Population Health Management to deliver holistic client solutions.Develop alternative plan strategies models and cost-reduction opportunities using analytical tools and templates.Act as primary contact with carriers for marketing quoting and renewals; request evaluate and negotiate proposals.Build and maintain excellent relationships with carrier partners.Draft client-facing executive summaries including findings observations and recommendations.Prepare formal correspondence such as carrier renewal confirmations and client renewal letters.Participate in the peer review process to ensure accuracy and quality.Provide prospect and ad hoc analytical support as needed.Perform other duties as assigned.Qualifications2-3 years of experience in employee benefits insurance or a related field.College degree or CEBS designation preferred.Life & Health insurance license or willingness to obtain within 90 days of hire.Ability to work in a fast-paced environment with some oversight and a high degree of accuracy and attention to detail.Advanced proficiency in Microsoft Excel (formulas modeling formatting) withstrong skills in Word and other MS Office tools such as Power BI.Understanding and/or prior use of Claros Blue Raven or other actuarial modeling tools is ideal.Technical experience with BenefitPoint AI Benefit Administration Systems and Carrier Portals is preferred.Strong analytical problem-solving and critical thinking abilities with the ability to work with complex data and variables.Excellent written oral and interpersonal communication skills.Team-oriented client-focused and able to build effective working relationships with colleagues carriers and clients.Commitment to staying current on industry trends regulations and emerging products.Compensation:This is a remote position. The base salary at the time of this posting may range from $80000-$90000. Individual compensation varies based on job-related factors including business needs experience level of responsibility and qualifications. We offer a competitive benefits package and variable pay programs please visit more details.Equal Employment OpportunityAt World Insurance Associates (WIA) we celebrate and support our differences. We know employing a team rich in diverse thoughts experiences and opinions allows our employees our products and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race color ancestry religion sex national orientation age citizenship marital status disability gender identity sexual orientation or Veteran addition WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability unless the accommodation would impose an undue hardship on the operation of our business.To Executive Search Firms and Staffing Agencies:World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Worlds property and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Worlds Human Resources Talent Department.#LI-MA1#LI-REMOTE Required Experience:Manager Key Skills Cognos,Forecasting,Hyperion,Microsoft Access,Pivot tables,Accounting,Analysis Skills,Microsoft Excel,Financial Analysis,Financial Modeling,Budgeting,Financial Planning Employment Type : Full-Time Experience: years Vacancy: 1 Monthly Salary Salary: 80000 - 90000
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