Collect data from various sources to create reports that show health and benefits program cost projections
Review the carrier underwriting process, ensuring that calculations are using correct rates and assumptions. Appeal incorrect carrier calculations, ensuring that rates are derived accurately
Work with client claims experience data to create reports showing budgeted vs. actual claims and any cost variances. Develop rate structure recommendations based upon trend analysis and data observation
Create financial analysis plans and templates that can be utilized by personnel statewide when compiling and analyzing client information
Participate in client meetings, providing expertise when appropriate. Contribute ideas and knowledge during internal business development meetings
Analyze claims experience, utilization trends, and demographic data
Prepare monthly, quarterly, and annual reports and documentation for health insurance plans
Support forecasting activities for health insurance portfolios
Collaborate with underwriting and finance teams to illustrate assumptions and projections
Participate in special projects such as self-funded feasibility analysis and renewal projections
Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes
Requirements
Bachelor's degree
5+ years experience with a major Health and Benefits firm
Experience with Health and Benefit claims projections and analysis
Strong underwriting and financial services knowledge
Ability to participate effectively in a team sales process, including the ability to give client presentations
Proficient in Microsoft computer applications, including advanced Excel skills
Experience with simulation and prediction generating software
Excellent written and verbal communication skills
Ability to obtain and maintain appropriate licenses as required by state regulations and Frost policies
Additional Preferred Skills:
10+ years experience with a major Health and Benefits firm
Benefits
At Frost, we care about your health, your family, and your future and strive to have our benefits reflect that. This includes:Medical, dental, vision, long-term disability, and life insurance401(k) matchingGenerous holiday and paid time off scheduleTuition reimbursementExtensive health and wellness programs, including our Employee Assistance ProgramReferral bonus program + more!Health insuranceDental insuranceVision insurance401(k)Performance bonus
Additional Information
Job Description
It's about people as much as it is about products.
Are you passionate about educating others and creating access to valuable resources? Are you always looking for innovative and effective ways to help people? Are you ready to provide next level support to help deliver top-quality experience and service? If so, being an Employee Health and Benefits Analyst at Frost could be the job for you.
At Frost, it's about more than a job. It's about having a flourishing career where you can thrive, both in and out of work. At Frost, we're committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you'll become part of Frost's over 150-year legacy of providing unparalleled banking services.
Frostbank · Austin, TX