Benefit Analyst - Employee Benefits Large Group bei Kapnick & Company, Inc.

Description

Founded in 1946, Kapnick Insurance is an independent insurance advisory firm with Michigan roots and a global reach. Our 210+ 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 79 years, companies and individuals have looked to Kapnick as a trusted advisor, providing solutions that protect their operations and employees.

This Benefit Analyst 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.

The Benefit Analyst's responsibilities include:

• Collaborate with internal teams to align client budget objectives, evaluate plan design strategies, and identify optimal market opportunities for proposal development
• Ability to work with groups of over fifty lives utilizing various funding mechanisms, including but not limited to fully-insured, self-funded, reference-based pricing (RBP), direct primary care (DPC), and level-funded models
• Maintain current knowledge of underwriting guidelines, renewal development methodologies, and carrier product portfolios—including rates and coverage structures—to provide strategic, consultative support to Kapnick teams in evaluating and recommending tailored solutions
• Negotiate with carriers on behalf of clients to ensure the best pricing is 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
• Leverage benchmarking tools to generate comparative reports for the service team upon request, supporting data-driven decision-making and performance evaluation.
• Accountable for the post-renewal annual data validation and integration process, including auditing and updating datasets across reporting platforms to ensure accuracy and consistency for analytics and compliance.
• Responsible for monthly claims reporting to Account Executive/Client Executive; include plan performance observations as appropriate
• Responsible for generating standard and ad-hoc reports in response to data requests, utilizing a range of internal and external reporting tools and platforms to extract, transform, and visualize data as needed.
• Assist the Manager of Financials & Analytics with department projects as needed
• Attend departmental, agency, service team, and client meetings as required
• 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 agency wide improvements and efficiencies

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