Analysis Skills, Benchmarking, Bid Analysis, Compensation and Benefits, Consulting, Cost Control, Customer Support/Service, Customer/Client Research, Data Analysis, Financial Analysis, Financial Modeling, Financial Planning, Financial Reporting, Financial Services, Health Plan, Insurance, Management Strategy, Risk Management, Spreadsheets, Storytelling
The Senior Financial Analyst contributes to development, delivery and related consulting on health and welfare financial work for employer clients Midwest Series. They will leverage and analyze data in collaboration with other financial and client service team members to prepare and deliver comprehensive financial reporting and insights for clients related to their health benefit plans. The ideal candidate will demonstrate a high level of professionalism, possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities.
Essential Duties
- Financial analysis for employer group health plans including ongoing claim reporting, rate setting, contribution development and plan design modeling
- Leverage existing models to assist in analysis and illustration of client health plan financial patterns and outcomes. As needed, contribute to custom reports and analysis for specific client needs
- Evaluate benefits utilization and claims data to assist clients in developing cost management and health risk management strategies
- Proactively looking at multiple data sources for ongoing benchmarking and storytelling
- Prepare spreadsheets, graphs, charts, diagrams, and other illustrative tools for presentations and reports
- Support development of health plan reserve estimates for self-funded clients
- Participate in client meetings as needed, delivering financial information and results
- Assist service teams with development and evaluation of carrier RFPs for all coverage lines, including modeling of network changes and payment alternatives
- Provide financial modeling and support for prospects
- Perform special projects as necessary
- Keep informed of insurance industry developments and products available in the marketplace
Compensation and Benefits
Lockton Companies LLC is committed to offering competitive pay and benefits and complies with all relevant state/local pay transparency laws. The entry base salary offered for this opportunity may vary, and is contingent upon candidate education, skills, abilities, essential competencies, experience, professional designations, unique qualifications, and geographic location.
Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate.
Check out Lockton Benefits Offerings Here