Benefits Analyst

Benefits

Additional Information

The Benefits Analyst will provide group benefits consulting support, including design, financial management and ongoing servicing for existing clients and prospects. The Benefits Analyst will work closely with internal consulting teams, interface with vendors, support client deliverables, and ensure quality standards are met. The Benefits Analyst will: Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients. Annual renewal analysis and negotiations with carriers; prepare client reports and presentations Experience reporting, budget projections and reviewing plan financial performance Conduct marketing's; including preparing and submitting specifications, analysis, cost comparisons and recommendations on marketing responses, and preparing marketing report Gather data and determine cost impact for plan design changes Monitor carrier/provider services standards Support the consulting team in preparing documents for client presentations and meetings Participate in industry conferences, seminars, etc. in order to keep abreast of industry trends and activities Build relationships with carriers, and internal, cross-functional teams Conduct plan design benchmarking studies Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy Preparation and review of master application and all other documentation for new sales submissions - monitor implementation process to ensure deadlines met, questions answered, all forms completed in order to meet effective date. Prepare detailed plan design documents using excel template and update when required Investigate and assist with resolving ad hoc claims and coverage issues for clients New Business Marketing & Quoting: Market new group benefit opportunities to multiple insurance carriers Analyze carrier proposals for plan design alignment, and pricing accuracy Prepare professional proposal packages and side-by-side comparisons for producer review Ensure all new business submissions are complete and meet underwriting requirements Carrier & Underwriting Coordination: Serve as primary point of contact with carrier marketing representatives and underwriters for new business Negotiate rates, plan adjustments, and underwriting exceptions when appropriate Follow up on pending quotes and manage strict carrier deadlines Maintain strong working relationships with multiple carrier partners Proposal Development: Create polished, client-ready proposal presentations Develop contribution modeling and cost comparisons Ensure proposals clearly articulate the firm's value proposition Producer Support: Collaborate with producers to understand prospect needs and competitive positioning Provide strategic input on carrier selection and funding strategies Track and manage new business pipeline activity To be successful as a Benefits Analyst with People Corporation, you will need: Minimum 2-5 years' experience in group benefits Knowledge of Canadian benefits industry and group benefits financial underwriting requirements for all types of employee benefits plans Advanced competency with Microsoft Excel Proficiency with Word, PowerPoint and Outlook Strong analytical skills Excellent organizational skills with strong attention to detail and high level of accuracy Ability to manage and prioritize competing demands in order to meet client and company needs Ability to work independently and in a team environment Strong written and verbal communication skills Sensitivity to confidential information

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