Job Posting for Client Financial Analyst at Austin Benefits Group
Austin Benefits group is a leading employee benefits firm that provides benefit solutions to both private and publicly traded companies. We provide our clients with a highly responsive team to deliver unmatched service, education and smart benefit solutions.
Austin Benefits is currently looking for a new member to join our team as a full time Senior Client Financial Analyst. Responsibilities include:
SUMMARY
The Senior Client Financial Analyst is responsible for the collection, analysis, and preparation of prospective and client benefit data for annual review. The role requires experience in data entry and technical prowess in Microsoft Office Suite. As a Senior Client Financial Analyst, you will play a crucial role in leveraging data and analytics to drive strategic insights and support decision-making processes. The Senior Client Financial Analyst works on small and large groups up to 100 lives and spends about 95% of their time in Excel.
ESSENTIAL JOB FUNCTIONS
Works as a liaison between internal account management and external vendor partners
Collect, clean and analyze large sets of data
Prepare market analysis for new business development and client retention
Collaborate with Client Experience Team on client goals and expectations to deliver
Analyze the client’s current group plan benefits and rates compared to competitive data received.
Quarterly Financial Reports/Claims Reporting Details for experience rated clients
Negotiate rate discounts with carrier representatives to create an ideal benefit plan for clients.
Cross-sell to existing clients to ensure a balanced benefit portfolio.
Maintain effective service models to ensure long-term client satisfaction and retention.
Design complex strategies and thoroughly research various solutions for each client based on their needs.
Identify, research, initiate and implement opportunities for process improvement to optimize streamlining and efficiency
Reviews Carrier Contracts to ensure products sold are implemented correctly
Maintains and develop relationships with third party administrators, insurers, and other vendors
Ensure and maintain the company’s compliance with state and federal laws
Resolves complex or difficult contract issues through direct contact with vendors and/or management
Act as a subject matter expert on health insurance analytics, industry trends, and new product development, providing guidance and training to other team members
Proactively identify opportunities to improve processes and workflows to drive greater efficiency and effectiveness.
Assist Benefit Administration and Client Experience team as needed
Provide training and mentoring to other team members
Work with Benefit Administration Team, Enrollment Auditor, or Client Experience Team with any Audit issues prior to and after renewal
All other duties as assigned.
Salary.com Estimation for Client Financial Analyst in Bloomfield, MI
$127,832 to $164,752
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data Sets
Sign up to receive alerts about other jobs with skills like those required for the Client Financial Analyst.
Click the checkbox next to the jobs that you are interested in.