New Job Opening: Senior Employee Benefits Financial Analyst in Detroit, MI

Job Description

Senior Financial Analyst - Employee Benefits

Job Summary

Seeking a highly skilled and motivated Senior Financial Analyst - Employee Benefits to join a dynamic and growing team. This role is ideal for a professional with a strong background in both actuarial science and brokerage, coupled with exceptional analytical and communication skills. As a Senior Financial Analyst, you will play a pivotal role in analyzing employee benefits data, developing financial models, and providing strategic insights to support the clients' needs. This is a hybrid position, requiring two days in-office and three days remote work per week.

Compensation Package

• Salary Range: $150,000 - $200,000 annually


• Bonus: Based on team and corporate profitability (% of salary)


• Benefits: Competitive benefits package, paid time off, professional development opportunities, etc.

Responsibilities

• Analyze medical, pharmacy, dental, and vision claims data


• Build and maintain underwriting and financial models


• Develop cost projections and trend assumptions


• Monitor client plan performance against budget


• Provide financial reporting and dashboards to clients


• Support consultants in client strategy development


• Participate in client meetings and presentations


• Evaluate plan design changes and their financial impact


• Review carrier financials, renewals, and rate filings


• Conduct vendor and carrier comparisons (RFP analysis)


• Ensure data accuracy and resolve discrepancies


• Stay current on market trends, regulations, and benchmarks


• Support the sales process by developing financial exhibits and analyzing plan performance

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