Benefits Analyst

  • Woodruff Sawyer
  • Novato, CA, USA
  • Jul 02, 2021

Job Description

Woodruff Sawyer is looking for Benefits Analyst who will help support our data analytics department and benefit teams. If you would like to play a key role in supporting a growing business by helping to level up our data analytics department and better support internal and external clients then this is the opportunity for you! Who We Are: You may not have heard of Woodruff Sawyer unless your job has been to buy insurance, manage the risk of a high-profile technology startup, secure benefits for a global biotech firm, or make sure your three-generations-old construction company survives. At Woodruff Sawyer, we are passionate about serving clients in a way no one else in the commercial insurance industry can match. We are unparalleled in customer satisfaction and retention rates, which is one of the reasons we have been in business for over 100 years. As one of the largest independent insurance brokerage and consulting firms in the U.S., Woodruff Sawyer protects the people and assets of more than 4,000 companies. We provide expert counsel and fierce advocacy to protect clients against their most critical risks in property & casualty, management liability, cyber liability, employee benefits, and personal wealth management. We provide expertise and customized solutions where clients need it, with headquarters in San Francisco, offices throughout the US, and global reach on six continents. We have created a culture where talented individuals can make a big impact. We are passionate about what we do for our clients and we have created an environment where our employees can grow and succeed both personally and professionally. What You Will Be Doing: You will be responsible for marketing and renewal activity for fully-insured and self-insured clients You will assist in discussion with Account teams to set marketing objectives and assess risk to best present strategic options to client. You shall direct marketing activities to ensure service model timetables are met. You will Interprets marketing strategy and develops RFP to meet objectives. Be responsible for executing marketing instructions and requests to carriers. You’ll develop and maintain key relationships critical to the sales process and negotiates with carrier contacts to seek competitive options for clients. You will direct carriers throughout the sales process. You’ll analyze proposals for both compliance and for desired provisions that will meet our clients’ needs. You will need to illustrate options and provide recommendations to Account Managers and Account Executives. You’ll log and review proposals and loads essential data into renewal template. Upon analysis of proposals, you’ll recommends a revised strategy in response to marketing conditions. You shall evaluate, compare benefit plans, and market trend data to develop specific recommendations to best support clients’ overall benefit strategy. You will review and compare cost information to meet common goals and deliver high quality products and service to the client. You will participate in peer review process which includes reviewing renewal documents, and presentations to ensure information is free from typos, mistakes, errors before client receives information. Addresses consistency, style, tone, format, etc. Offer constructive feedback to generate a quality output. You will be responsible (with other Benefits Analysts) for managing the fully-insured and self-insured financial monitoring report process for Data Analytics department. You will help build and manage self-insured templates and process. You’ll assist with building of ad-hoc templates, processes, direction for the Data Analytics department. You will manage data delivery process with Data Analytics utilization platforms. Establish key contacts and progression of data exchange capabilities. You will review, manage and update claims trends for WS offices enterprise-wide. Gain ability and competency in marketing of self-insured lines of coverage. You shall expand knowledge and abilities in following areas: Medical, dental, and vision renewal evaluations/projections Data Analytics department specific sales and marketing materials Ad-hoc template creation and maintenance Self-insured financial monitoring reports (FMR) Captive renewal calculations Demographic and census evaluation Stop loss marketing and analysis Pharmacy benefit manager (PBM) marketing management and analysis Utilization review Network discount review Who You Are: You have a minimum of 3 years of career experience in employee benefits, preferably with an insurance carrier and/or consulting firm. You have experience in working with organizations and/or insurance carriers You have experience with insurance plans for organizations. Experience in insurance company and/or consulting firm, or a related industry is preferred. You have a bachelor's degree and may have an advanced degree in a related field such as Health Care Administration, Risk Management, or Underwriting/Financial Services.